Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stake in UMB Financial Corporation $UMBF

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 12.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 18,336 shares of the bank’s stock after acquiring an additional 2,068 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in UMB Financial were worth $1,928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Angel Oak Capital Advisors LLC grew its stake in shares of UMB Financial by 40.2% during the 2nd quarter. Angel Oak Capital Advisors LLC now owns 13,600 shares of the bank’s stock worth $1,430,000 after purchasing an additional 3,900 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in UMB Financial by 13.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,478 shares of the bank’s stock worth $1,733,000 after buying an additional 1,955 shares in the last quarter. Geode Capital Management LLC boosted its holdings in UMB Financial by 6.9% during the second quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock worth $194,173,000 after buying an additional 119,319 shares in the last quarter. PNC Financial Services Group Inc. grew its position in UMB Financial by 4.8% during the second quarter. PNC Financial Services Group Inc. now owns 8,455 shares of the bank’s stock worth $889,000 after buying an additional 391 shares during the period. Finally, ProShare Advisors LLC increased its holdings in UMB Financial by 34.5% in the second quarter. ProShare Advisors LLC now owns 361,068 shares of the bank’s stock valued at $37,970,000 after buying an additional 92,656 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity at UMB Financial

In related news, insider Phillip James Mason sold 750 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $120.97, for a total transaction of $90,727.50. Following the transaction, the insider directly owned 8,815 shares in the company, valued at approximately $1,066,350.55. This represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shannon Andresen Johnson sold 1,367 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total value of $164,832.86. Following the completion of the sale, the insider directly owned 34,124 shares in the company, valued at approximately $4,114,671.92. The trade was a 3.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 683 shares of company stock worth $75,961 and have sold 4,377 shares worth $505,414. 5.45% of the stock is owned by company insiders.

UMB Financial Trading Up 0.3%

Shares of UMBF stock opened at $104.37 on Friday. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.11 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.77 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $113.63 and a 200 day moving average price of $110.60. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. The business had revenue of $678.34 million during the quarter, compared to the consensus estimate of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The company’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 earnings per share. Research analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be issued a $0.43 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, December 10th. This represents a $1.72 annualized dividend and a yield of 1.6%. UMB Financial’s payout ratio is presently 19.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of UMB Financial in a research report on Wednesday. Barclays set a $155.00 target price on UMB Financial and gave the company an “overweight” rating in a report on Wednesday, October 8th. Cowen began coverage on UMB Financial in a research note on Wednesday, September 24th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada raised shares of UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 price objective on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.20.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.