Xact Kapitalforvaltning AB grew its holdings in UMB Financial Corp (NASDAQ:UMBF) by 13.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,930 shares of the bank’s stock after purchasing an additional 800 shares during the period. Xact Kapitalforvaltning AB’s holdings in UMB Financial were worth $491,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in UMB Financial by 4.6% during the second quarter. BlackRock Inc. now owns 5,049,331 shares of the bank’s stock worth $384,908,000 after buying an additional 220,396 shares during the last quarter. American Century Companies Inc. increased its holdings in UMB Financial by 25.7% during the second quarter. American Century Companies Inc. now owns 1,959,907 shares of the bank’s stock worth $149,404,000 after buying an additional 400,810 shares during the last quarter. Northern Trust Corp increased its holdings in UMB Financial by 0.8% during the second quarter. Northern Trust Corp now owns 1,228,896 shares of the bank’s stock worth $93,679,000 after buying an additional 10,081 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in UMB Financial by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,191,313 shares of the bank’s stock worth $90,815,000 after buying an additional 5,512 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in UMB Financial by 1.7% during the second quarter. Wells Fargo & Company MN now owns 1,082,172 shares of the bank’s stock worth $82,494,000 after buying an additional 17,833 shares during the last quarter. Institutional investors own 86.98% of the company’s stock.
UMBF has been the topic of a number of recent analyst reports. Wells Fargo & Co set a $70.00 target price on shares of UMB Financial and gave the stock a “hold” rating in a report on Tuesday, October 2nd. BidaskClub downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Raymond James set a $69.00 target price on shares of UMB Financial and gave the stock a “buy” rating in a report on Thursday, October 25th. ValuEngine downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Finally, Zacks Investment Research upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $77.00.
In other UMB Financial news, insider Dana H. Abraham sold 10,264 shares of UMB Financial stock in a transaction on Friday, August 17th. The shares were sold at an average price of $75.83, for a total transaction of $778,319.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dana H. Abraham sold 4,196 shares of UMB Financial stock in a transaction on Friday, August 17th. The stock was sold at an average price of $76.18, for a total transaction of $319,651.28. Following the transaction, the executive vice president now directly owns 15,141 shares of the company’s stock, valued at $1,153,441.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 1,363 shares of company stock valued at $97,997 and have sold 36,221 shares valued at $2,702,312. Insiders own 10.26% of the company’s stock.
UMBF stock opened at $65.19 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.69. UMB Financial Corp has a one year low of $57.00 and a one year high of $82.14. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.76 and a beta of 0.89.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 23rd. The bank reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.04. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The firm had revenue of $251.38 million during the quarter, compared to analysts’ expectations of $260.02 million. During the same period in the previous year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that UMB Financial Corp will post 4.58 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 10th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.84%. This is a boost from UMB Financial’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, December 7th. UMB Financial’s payout ratio is 30.93%.
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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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