Brown Advisory Inc. Sells 327 Shares of UMB Financial Corp (UMBF)

Brown Advisory Inc. trimmed its stake in shares of UMB Financial Corp (NASDAQ:UMBF) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,005 shares of the bank’s stock after selling 327 shares during the quarter. Brown Advisory Inc. owned 0.16% of UMB Financial worth $4,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new stake in UMB Financial during the fourth quarter valued at approximately $33,000. Brand Asset Management Group Inc. bought a new position in shares of UMB Financial in the fourth quarter valued at approximately $58,000. Tower Research Capital LLC TRC raised its stake in shares of UMB Financial by 416.5% in the third quarter. Tower Research Capital LLC TRC now owns 2,128 shares of the bank’s stock valued at $151,000 after acquiring an additional 1,716 shares during the last quarter. First Quadrant L P CA bought a new position in shares of UMB Financial in the fourth quarter valued at approximately $153,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of UMB Financial by 14.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock valued at $198,000 after acquiring an additional 408 shares during the last quarter. 88.57% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on UMBF. Raymond James lifted their target price on shares of UMB Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday. BidaskClub cut shares of UMB Financial from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 11th. Bank of America cut shares of UMB Financial from a “buy” rating to a “neutral” rating in a research note on Thursday, January 10th. Finally, ValuEngine upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.00.

In related news, EVP Shannon Andresen Johnson sold 1,504 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $66.57, for a total value of $100,121.28. Following the completion of the transaction, the executive vice president now owns 9,049 shares in the company, valued at approximately $602,391.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy R. Murphy acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was bought at an average price of $64.63 per share, with a total value of $258,520.00. Following the transaction, the director now directly owns 12,635 shares in the company, valued at $816,600.05. The disclosure for this purchase can be found here. Insiders own 10.26% of the company’s stock.

NASDAQ:UMBF opened at $67.07 on Friday. UMB Financial Corp has a 1 year low of $57.00 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market capitalization of $3.29 billion, a PE ratio of 16.64, a PEG ratio of 1.89 and a beta of 0.86.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 29th. The bank reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.55). UMB Financial had a net margin of 17.25% and a return on equity of 9.12%. The firm had revenue of $256.81 million during the quarter, compared to the consensus estimate of $261.28 million. As a group, sell-side analysts anticipate that UMB Financial Corp will post 4.6 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, March 8th. UMB Financial’s dividend payout ratio (DPR) is presently 29.78%.

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About UMB Financial

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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