Swiss National Bank grew its position in UMB Financial Co. (NASDAQ:UMBF) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,400 shares of the bank’s stock after purchasing an additional 900 shares during the period. Swiss National Bank owned approximately 0.21% of UMB Financial worth $9,806,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in shares of UMB Financial by 47.2% during the third quarter. Parallel Advisors LLC now owns 574 shares of the bank’s stock worth $55,000 after buying an additional 184 shares in the last quarter. Heritage Wealth Management LLC acquired a new position in UMB Financial during the 2nd quarter worth approximately $64,000. Toronto Dominion Bank boosted its position in UMB Financial by 40.8% during the 2nd quarter. Toronto Dominion Bank now owns 701 shares of the bank’s stock worth $65,000 after acquiring an additional 203 shares during the last quarter. US Asset Management LLC acquired a new stake in shares of UMB Financial in the third quarter valued at approximately $125,000. Finally, Amundi acquired a new stake in shares of UMB Financial in the second quarter valued at approximately $223,000. 83.99% of the stock is owned by institutional investors.
In other news, EVP Uma Wilson sold 275 shares of the business’s stock in a transaction that occurred on Thursday, November 18th. The stock was sold at an average price of $106.97, for a total transaction of $29,416.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 2,145 shares of the stock in a transaction that occurred on Tuesday, November 2nd. The stock was sold at an average price of $100.52, for a total value of $215,615.40. The disclosure for this sale can be found here. Insiders sold 6,787 shares of company stock worth $712,346 in the last 90 days. Corporate insiders own 10.16% of the company’s stock.
UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Monday, October 25th. The bank reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.15. The company had revenue of $317.67 million during the quarter, compared to the consensus estimate of $322.80 million. UMB Financial had a net margin of 30.26% and a return on equity of 14.22%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. As a group, research analysts forecast that UMB Financial Co. will post 7.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Shareholders of record on Friday, December 10th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, December 9th. UMB Financial’s dividend payout ratio (DPR) is presently 16.67%.
Several equities research analysts have issued reports on the stock. Wells Fargo & Company lowered shares of UMB Financial from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $115.00 to $110.00 in a research note on Tuesday, January 4th. Janney Montgomery Scott raised UMB Financial from a “neutral” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday, December 21st.
UMB Financial Company Profile
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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