PineBridge Investments L.P. Has $284,000 Stake in UMB Financial Corp. (UMBF)
PineBridge Investments L.P. boosted its stake in UMB Financial Corp. (NASDAQ:UMBF) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,334 shares of the company’s stock after buying an additional 190 shares during the period. PineBridge Investments L.P.’s holdings in UMB Financial Corp. were worth $284,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. OLD National Bancorp IN raised its stake in shares of UMB Financial Corp. by 0.4% in the second quarter. OLD National Bancorp IN now owns 6,028 shares of the company’s stock worth $321,000 after buying an additional 27 shares during the period. GHP Investment Advisors Inc. raised its stake in shares of UMB Financial Corp. by 2.7% in the second quarter. GHP Investment Advisors Inc. now owns 8,183 shares of the company’s stock worth $435,000 after buying an additional 218 shares during the period. Swiss National Bank raised its stake in shares of UMB Financial Corp. by 1.0% in the second quarter. Swiss National Bank now owns 70,700 shares of the company’s stock worth $3,762,000 after buying an additional 700 shares during the period. Teacher Retirement System of Texas raised its stake in shares of UMB Financial Corp. by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 5,920 shares of the company’s stock worth $315,000 after buying an additional 709 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of UMB Financial Corp. by 1.0% in the second quarter. California Public Employees Retirement System now owns 83,139 shares of the company’s stock worth $4,424,000 after buying an additional 800 shares during the period. 84.20% of the stock is currently owned by institutional investors and hedge funds.
UMB Financial Corp. (NASDAQ:UMBF) opened at 58.23 on Thursday. The company’s 50-day moving average is $58.50 and its 200-day moving average is $55.18. UMB Financial Corp. has a 52-week low of $39.55 and a 52-week high of $61.24. The firm has a market capitalization of $2.88 billion, a P/E ratio of 22.74 and a beta of 0.99.
UMB Financial Corp. (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.02. UMB Financial Corp. had a net margin of 13.28% and a return on equity of 6.71%. The business had revenue of $242.70 million for the quarter, compared to analyst estimates of $240.10 million. During the same period last year, the business earned $0.65 EPS. The company’s revenue was up 11.9% on a year-over-year basis. On average, analysts predict that UMB Financial Corp. will post $3.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be issued a $0.245 dividend. The ex-dividend date is Wednesday, September 7th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.68%. UMB Financial Corp.’s payout ratio is 38.28%.
A number of brokerages have recently weighed in on UMBF. Zacks Investment Research lowered shares of UMB Financial Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. Keefe, Bruyette & Woods boosted their target price on shares of UMB Financial Corp. from $52.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. UMB Financial Corp. currently has an average rating of “Buy” and an average target price of $59.00.
In related news, EVP Christian R. Swett sold 1,518 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $60.51, for a total value of $91,854.18. Following the transaction, the executive vice president now directly owns 5,746 shares of the company’s stock, valued at approximately $347,690.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider J Walker Brian sold 3,047 shares of the stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $60.45, for a total transaction of $184,191.15. Following the completion of the transaction, the insider now directly owns 5,776 shares in the company, valued at $349,159.20. The disclosure for this sale can be found here. 10.32% of the stock is currently owned by insiders.
About UMB Financial Corp.
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