Isthmus Partners LLC grew its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,575 shares of the bank’s stock after purchasing an additional 162 shares during the quarter. Isthmus Partners LLC’s holdings in UMB Financial were worth $1,729,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Principal Financial Group Inc. boosted its position in UMB Financial by 35.7% during the second quarter. Principal Financial Group Inc. now owns 204,342 shares of the bank’s stock worth $19,016,000 after purchasing an additional 53,776 shares during the period. Toronto Dominion Bank boosted its position in shares of UMB Financial by 40.8% in the second quarter. Toronto Dominion Bank now owns 701 shares of the bank’s stock valued at $65,000 after acquiring an additional 203 shares during the period. Citigroup Inc. boosted its position in shares of UMB Financial by 10.7% in the second quarter. Citigroup Inc. now owns 27,474 shares of the bank’s stock valued at $2,556,000 after acquiring an additional 2,651 shares during the period. Rafferty Asset Management LLC boosted its position in shares of UMB Financial by 40.2% in the second quarter. Rafferty Asset Management LLC now owns 33,696 shares of the bank’s stock valued at $3,136,000 after acquiring an additional 9,664 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of UMB Financial in the second quarter valued at approximately $537,000. Hedge funds and other institutional investors own 84.83% of the company’s stock.
Separately, Zacks Investment Research lowered shares of UMB Financial from a “buy” rating to a “sell” rating and set a $99.00 price objective for the company. in a research report on Tuesday, June 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $91.75.
UMB Financial stock traded up $0.08 during mid-day trading on Wednesday, hitting $88.26. 650 shares of the company traded hands, compared to its average volume of 204,617. UMB Financial Co. has a one year low of $45.87 and a one year high of $99.98. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of 10.42 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a fifty day moving average price of $90.72 and a 200-day moving average price of $93.02.
UMB Financial (NASDAQ:UMBF) last announced its earnings results on Monday, July 26th. The bank reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.05. UMB Financial had a net margin of 29.15% and a return on equity of 13.90%. The business had revenue of $332.66 million during the quarter, compared to analyst estimates of $311.78 million. During the same period in the previous year, the business posted $1.33 earnings per share. UMB Financial’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts predict that UMB Financial Co. will post 7.29 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Friday, September 10th will be given a dividend of $0.37 per share. The ex-dividend date is Thursday, September 9th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.32. This represents a $1.48 annualized dividend and a yield of 1.68%. UMB Financial’s payout ratio is presently 24.18%.
About UMB Financial
UMB Financial Corp. operates as a financial holding company, which engages in the provision of bank and asset services. It operates through the following segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets, and treasury management needs of the company’s mid-market businesses and governmental entities by offering various products and services.
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