Maltese Capital Management LLC Has $7.48 Million Stock Position in UMB Financial Corporation $UMBF

Maltese Capital Management LLC lowered its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 65,000 shares of the bank’s stock after selling 6,000 shares during the period. UMB Financial accounts for 1.3% of Maltese Capital Management LLC’s portfolio, making the stock its 27th largest position. Maltese Capital Management LLC’s holdings in UMB Financial were worth $7,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after buying an additional 493,875 shares during the last quarter. State Street Corp grew its holdings in UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after buying an additional 313,414 shares during the last quarter. Wellington Management Group LLP grew its holdings in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after buying an additional 751,525 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in UMB Financial by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,854,927 shares of the bank’s stock valued at $328,439,000 after buying an additional 22,100 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in UMB Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after buying an additional 33,078 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF stock opened at $134.23 on Tuesday. The stock has a 50 day moving average of $126.71 and a two-hundred day moving average of $121.85. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12 month low of $98.16 and a 12 month high of $137.56. The company has a market capitalization of $10.20 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.92 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $739.16 million during the quarter, compared to the consensus estimate of $701.79 million. During the same quarter last year, the company earned $2.58 EPS. The company’s quarterly revenue was up 31.1% on a year-over-year basis. As a group, equities analysts expect that UMB Financial Corporation will post 12.8 EPS for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be given a $0.43 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is currently 15.26%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays raised their target price on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. TD Cowen raised their target price on UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Finally, Hovde Group raised their price objective on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $145.55.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director owned 12,223 shares in the company, valued at $1,624,192.24. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President James D. Rine sold 8,246 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the transaction, the president owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This trade represents a 11.83% decrease in their position. The SEC filing for this sale provides additional information. 5.33% of the stock is currently owned by company insiders.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.