Municipal Staff Retirement System of Michigan lowered its place in UMB Monetary Corp (NASDAQ:UMBF) by 2.9% throughout the third quarter, in line with its most up-to-date submitting with the SEC. The institutional investor owned 7,920 shares of the financial institution’s inventory after promoting 240 shares throughout the interval. Municipal Staff Retirement System of Michigan’s holdings in UMB Monetary had been price $511,000 on the finish of the latest quarter.
Different hedge funds have additionally lately made modifications to their positions within the firm. Diversified Belief Co elevated its stake in shares of UMB Monetary by eight.three% within the 2nd quarter. Diversified Belief Co now owns 6,200 shares of the financial institution’s inventory price $408,000 after buying an extra 475 shares over the past quarter. Altfest L J & Co. Inc. acquired a brand new place in UMB Monetary within the 2nd quarter valued at about $283,000. Oregon Public Staff Retirement Fund grew its place in UMB Monetary by 1.four% within the 2nd quarter. Oregon Public Staff Retirement Fund now owns 18,100 shares of the financial institution’s inventory valued at $1,191,000 after buying an extra 252 shares within the final quarter. Arizona State Retirement System boosted its stake in shares of UMB Monetary by 1.1% within the 2nd quarter. Arizona State Retirement System now owns 32,051 shares of the financial institution’s inventory valued at $2,110,000 after shopping for an extra 350 shares throughout the interval. Lastly, SG Americas Securities LLC boosted its stake in shares of UMB Monetary by 10.7% within the 2nd quarter. SG Americas Securities LLC now owns 33,661 shares of the financial institution’s inventory valued at $2,216,000 after shopping for an extra three,249 shares throughout the interval. Institutional buyers personal 85.75% of the corporate’s inventory.
In different information, Director Kris A. Robbins bought 800 shares of the enterprise’s inventory in a transaction that occurred on Monday, September ninth. The inventory was bought at a mean worth of $62.57, for a complete worth of $50,056.00. Following the transaction, the director now owns four,796 shares of the corporate’s inventory, valued at $300,085.72. The transaction was disclosed in a submitting with the SEC, which is out there at the SEC website. Additionally, CEO J Mariner Kemper bought 6,600 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November sixth. The shares had been bought at a mean worth of $66.95, for a complete worth of $441,870.00. The disclosure for this sale may be discovered here. Within the final ninety days, insiders have bought 12,860 shares of firm inventory price $852,395. 10.45% of the inventory is at the moment owned by company insiders.
UMBF has been the topic of a number of latest analysis experiences. ValuEngine minimize UMB Monetary from a “maintain” score to a “promote” score in a analysis word on Friday, October 25th. Zacks Investment Research minimize UMB Monetary from a “maintain” score to a “promote” score and set a $71.00 goal worth for the corporate. in a analysis word on Sunday, November third. Stephens restated a “purchase” score and set a $75.00 goal worth on shares of UMB Monetary in a analysis word on Monday, September 16th. Lastly, BidaskClub minimize UMB Monetary from a “purchase” score to a “maintain” score in a analysis word on Saturday. Two analysts have rated the inventory with a promote score, two have given a maintain score and two have given a purchase score to the corporate. UMB Monetary at the moment has a consensus score of “Maintain” and a mean worth goal of $72.33.
UMBF opened at $65.76 on Monday. The agency has a market cap of $three.24 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of two.69 and a beta of zero.91. UMB Monetary Corp has a 52 week low of $57.90 and a 52 week excessive of $71.97. The enterprise’s 50 day transferring common is $65.08 and its two-hundred day transferring common is $65.07. The corporate has a fast ratio of zero.68, a present ratio of zero.68 and a debt-to-equity ratio of zero.03.
UMB Monetary (NASDAQ:UMBF) final launched its quarterly earnings outcomes on Tuesday, October 29th. The financial institution reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $zero.10. The corporate had income of $271.90 million for the quarter, in comparison with analyst estimates of $276.93 million. UMB Monetary had a return on fairness of eight.55% and a internet margin of 16.06%. Throughout the identical quarter within the earlier yr, the corporate posted $1.16 earnings per share. Equities analysts count on that UMB Monetary Corp will publish four.73 EPS for the present fiscal yr.
The corporate additionally lately declared a quarterly dividend, which shall be paid on Thursday, January 2nd. Shareholders of file on Tuesday, December 10th shall be given a dividend of $zero.31 per share. It is a constructive change from UMB Monetary’s earlier quarterly dividend of $zero.30. The ex-dividend date of this dividend is Monday, December ninth. This represents a $1.24 annualized dividend and a yield of 1.89%. UMB Monetary’s payout ratio is 29.78%.
UMB Monetary Firm Profile
UMB Monetary Company operates because the financial institution holding firm for the UMB Financial institution that gives numerous banking and different monetary providers. It operates by way of 4 segments: Industrial Banking, Institutional Banking, Private Banking, and Healthcare Companies. The Industrial Banking section offers business loans, business bank cards, letters of credit score, mortgage syndication providers, consultative providers, and numerous monetary choices; capital markets providers, together with asset-based financing, asset securitization, fairness and mezzanine financing, factoring, and personal and public placement of senior debt, in addition to merger and acquisition consulting; and depository, account reconciliation, digital fund switch, managed disbursements, lockbox, and distant deposit seize providers.
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