ProShare Advisors LLC Sells 26,299 Shares of UMB Financial Corporation $UMBF

ProShare Advisors LLC trimmed its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,657 shares of the bank’s stock after selling 26,299 shares during the quarter. ProShare Advisors LLC’s holdings in UMB Financial were worth $35,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its holdings in shares of UMB Financial by 3.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock worth $403,000 after buying an additional 101 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in UMB Financial by 1.8% during the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock worth $739,000 after purchasing an additional 112 shares during the period. Quadrant Capital Group LLC lifted its position in UMB Financial by 0.8% during the third quarter. Quadrant Capital Group LLC now owns 16,560 shares of the bank’s stock worth $1,960,000 after purchasing an additional 129 shares during the period. Signaturefd LLC raised its stake in UMB Financial by 3.6% during the fourth quarter. Signaturefd LLC now owns 4,165 shares of the bank’s stock worth $479,000 after acquiring an additional 144 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in UMB Financial by 72.8% during the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

UMBF has been the subject of several research analyst reports. Barclays boosted their target price on UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. TD Cowen increased their target price on shares of UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $145.00 price objective on shares of UMB Financial in a research report on Thursday, January 29th. Citigroup raised their price objective on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Finally, Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, UMB Financial has a consensus rating of “Buy” and an average price target of $145.55.

UMB Financial Price Performance

UMBF opened at $125.87 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.86 and a beta of 0.78. The firm’s fifty day moving average price is $119.28 and its two-hundred day moving average price is $118.72. UMB Financial Corporation has a 1 year low of $98.16 and a 1 year high of $136.11.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The company had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.58 EPS. As a group, analysts anticipate that UMB Financial Corporation will post 12.76 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Wednesday, June 10th. UMB Financial’s payout ratio is presently 15.26%.

UMB Financial Company 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.