2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC lifted its position in shares of UMB Financial Co. ( NASDAQ:UMBF – Free Report ) by 24.1% in the 2nd quarter, Holdings Channel.
com reports. The fund owned 3,880 shares of the bank’s stock after buying an additional 754 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in UMB Financial were worth $324,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new stake in shares of UMB Financial in the 4th quarter worth $28,000.
1620 Investment Advisors Inc. purchased a new stake in shares of UMB Financial during the second quarter valued at $128,000. CWM LLC raised its position in UMB Financial by 7.
1% in the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in UMB Financial in the 1st quarter worth about $252,000.
Finally, O Shaughnessy Asset Management LLC lifted its stake in UMB Financial by 30.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank’s stock valued at $300,000 after acquiring an additional 809 shares during the period.
87.78% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of analysts have recently commented on the stock.
Barclays lifted their price target on shares of UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st.
Wells Fargo & Company lifted their target price on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st.
Finally, Piper Sandler increased their price target on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st.
Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, UMB Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.
33. UMB Financial Price Performance Shares of NASDAQ:UMBF opened at $104.10 on Friday.
The firm’s 50 day moving average price is $100.04 and its 200-day moving average price is $88.86.
The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.
12. The stock has a market capitalization of $5.07 billion, a PE ratio of 13.
82 and a beta of 0.78. UMB Financial Co.
has a twelve month low of $57.91 and a twelve month high of $109.42.
UMB Financial ( NASDAQ:UMBF – Get Free Report ) last released its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.
01 by $0.15. UMB Financial had a net margin of 14.
55% and a return on equity of 14.23%. The business had revenue of $390.
03 million for the quarter, compared to the consensus estimate of $384.96 million. During the same period last year, the firm earned $1.
93 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis.
Equities research analysts expect that UMB Financial Co. will post 8.98 EPS for the current year.
UMB Financial Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be given a dividend of $0.39 per share.
The ex-dividend date is Tuesday, September 10th. This represents a $1.56 annualized dividend and a yield of 1.
50%. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.
Insider Buying and Selling at UMB Financial In related news, Director Tamara Peterman acquired 396 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $99.56 per share, with a total value of $39,425.
76. Following the completion of the purchase, the director now directly owns 7,407 shares of the company’s stock, valued at $737,440.92.
The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website . In other news, Director Tamara Peterman bought 396 shares of UMB Financial stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $99.
56 per share, with a total value of $39,425.76. Following the acquisition, the director now owns 7,407 shares of the company’s stock, valued at approximately $737,440.
92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, CEO J Mariner Kemper sold 8,450 shares of the firm’s stock in a transaction that occurred on Monday, July 1st.
The stock was sold at an average price of $83.33, for a total transaction of $704,138.50.
Following the sale, the chief executive officer now owns 1,681,904 shares in the company, valued at approximately $140,153,060.32. The disclosure for this sale can be found here .
Over the last quarter, insiders sold 34,846 shares of company stock valued at $3,135,439. Company insiders own 8.85% of the company’s stock.
UMB Financial Company Profile ( Free Report ) UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service. Featured Stories Want to see what other hedge funds are holding UMBF? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for UMB Financial Co. ( NASDAQ:UMBF – Free Report ). Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.
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