The Swiss National Bank increased its position in UMB Financial Co. (NASDAQ: UMBF – Get a rating) by 7.3% in the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 108,600 shares of the bank after acquiring an additional 7,400 shares during the period. The Swiss National Bank owned approximately 0.22% of UMB Financial worth $10,552,000 at the end of the most recent reporting period.
Other large investors have also changed their stake in the company. Squarepoint Ops LLC increased its holdings of UMB Financial shares by 1,676.3% in the fourth quarter. Squarepoint Ops LLC now owns 52,578 shares of the bank worth $5,579,000 after purchasing an additional 49,618 shares during the period. Teacher Retirement System of Texas increased its holdings of UMB Financial shares by 20.3% during the fourth quarter. Teacher Retirement System of Texas now owns 8,835 shares of the bank worth $937,000 after purchasing an additional 1,490 shares during the period. CWM LLC acquired a new stake in UMB Financial stock during the first quarter worth approximately $54,000. CTC Capital Management LLC acquired a new stake in UMB Financial stock during the fourth quarter worth approximately $340,000. Finally, US Asset Management LLC acquired a new stake in UMB Financial stock during the first quarter worth approximately $125,000. Institutional investors and hedge funds hold 87.26% of the company’s shares.
Wall Street analysts predict growth
UMBF has been the subject of several research reports. Raymond James cut his price target on UMB Financial shares from $113.00 to $108.00 and set an “outperform” rating for the company in a Thursday, July 7 report. StockNews.com upgraded UMB Financial’s shares from a “sell” rating to a “hold” rating in a Sunday May 1 research report. Finally, Wells Fargo & Company cut its price target on UMB Financial shares from $110.00 to $100.00 in a Thursday, April 28 research report.
Insider buying and selling
In related news, Insider Robert Brian Beaird sold 299 shares of the company in a trade on Tuesday, August 2. The shares were sold at an average price of $90.68, for a total transaction of $27,113.32. Following the transaction, the insider now owns 5,569 shares of the company, valued at $504,996.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. In other UMB Financial news, an insider Robert Brian Beaird sold 299 UMB Financial shares in a trade on Tuesday, August 2. The shares were sold at an average price of $90.68, for a total transaction of $27,113.32. Following the sale, the insider now owns 5,569 shares of the company, valued at $504,996.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Also, insider Martin Dominic Karaba sold 3,342 UMB Financial shares in a trade on Tuesday, August 16. The stock was sold at an average price of $99.02, for a total transaction of $330,924.84. As a result of the sale, the insider now owns 6,785 shares of the company, valued at approximately $671,850.70. Disclosure of this sale can be found here. 9.77% of the shares are currently held by insiders.
UMB Financial Trading up 0.1%
NASDAQ: UMBF opened at $98.81 on Friday. UMB Financial Co. has a 12-month low of $81.57 and a 12-month high of $112.24. The company has a market capitalization of $4.77 billion, a price-earnings ratio of 11.56 and a beta of 0.91. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt ratio of 0.10. The company’s 50-day moving average is $89.24 and its 200-day moving average is $93.81.
UMB Financial (NASDAQ: UMBF – Get a rating) last released its quarterly results on Tuesday, July 26. The bank reported EPS of $2.83 for the quarter, beating consensus analyst estimates of $1.88 by $0.95. UMB Financial achieved a net margin of 28.98% and a return on equity of 14.34%. During the same period last year, the company achieved EPS of $1.80. Equity analysts expect UMB Financial Co. to post EPS of 9.44 for the current year.
UMB Financial announces dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 3. Investors of record on Monday, September 12 will receive a dividend of $0.37 per share. This represents a dividend of $1.48 on an annualized basis and a yield of 1.50%. The ex-date of this dividend is Friday, September 9. UMB Financial’s dividend payout ratio (DPR) is currently 17.31%.
UMB financial profile
UMB Financial Corporation operates as a bank holding company for UMB bank which provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit cards; commercial real estate financing; letter of credit; loan syndication and advisory service; various business solutions, including asset-based lending, accounts receivable financing, mezzanine debt and minority equity investments; and cash management service, such as deposit service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic funds transfer and automated payment, controlled disbursement, vault service and input service remote filing.
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