Principal Financial Group Inc. raised its holdings in UMB Financial Co. (NASDAQ:UMBF) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 191,328 shares of the bank’s stock after buying an additional 5,855 shares during the period. Principal Financial Group Inc.’s holdings in UMB Financial were worth $13,850,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Zeke Capital Advisors LLC purchased a new position in UMB Financial in the 4th quarter valued at approximately $202,000. Advisor Group Inc. boosted its position in UMB Financial by 137.6% in the 4th quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock valued at $209,000 after buying an additional 1,675 shares during the period. Evergreen Capital Management LLC purchased a new position in UMB Financial in the 1st quarter valued at approximately $218,000. Tyers Asset Management LLC boosted its position in UMB Financial by 31.3% in the 4th quarter. Tyers Asset Management LLC now owns 3,088 shares of the bank’s stock valued at $222,000 after buying an additional 736 shares during the period. Finally, Pitcairn Co. purchased a new position in UMB Financial in the 1st quarter valued at approximately $263,000. 86.42% of the stock is owned by institutional investors.
UMBF has been the subject of several recent research reports. Zacks Investment Research cut shares of UMB Financial from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. Stephens reissued a “hold” rating and issued a $85.00 price target on shares of UMB Financial in a research report on Wednesday, May 23rd. Finally, BidaskClub cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $81.50.
In other news, Chairman J Mariner Kemper sold 15,440 shares of UMB Financial stock in a transaction on Friday, April 27th. The shares were sold at an average price of $77.16, for a total transaction of $1,191,350.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider J Walker Brian sold 893 shares of UMB Financial stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $78.95, for a total transaction of $70,502.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 2,316 shares of company stock valued at $179,596 and have sold 28,458 shares valued at $2,197,011. 10.26% of the stock is currently owned by insiders.
UMB Financial opened at $76.31 on Thursday, Marketbeat.com reports. The firm has a market cap of $3.92 billion, a PE ratio of 20.35, a PEG ratio of 1.60 and a beta of 0.82. UMB Financial Co. has a 12-month low of $62.27 and a 12-month high of $82.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.67 and a quick ratio of 0.67.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, April 24th. The bank reported $1.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.13. The business had revenue of $253.45 million during the quarter, compared to analysts’ expectations of $257.41 million. UMB Financial had a net margin of 24.36% and a return on equity of 9.56%. During the same period in the previous year, the company earned $0.89 EPS. sell-side analysts forecast that UMB Financial Co. will post 4.73 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Monday, June 11th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, June 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.52%. UMB Financial’s dividend payout ratio (DPR) is currently 30.93%.
UMB Financial Company Profile
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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