Nationwide Fund Advisors boosted its position in shares of UMB Financial Corp. (NASDAQ:UMBF) by 17.0% during the second quarter, Holdings Channel reports. The institutional investor owned 97,136 shares of the company’s stock after buying an additional 14,117 shares during the period. Nationwide Fund Advisors owned 0.20% of UMB Financial Corp. worth $5,169,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Skyline Asset Management LP purchased a new stake in UMB Financial Corp. during the first quarter worth about $13,625,000. Geode Capital Management LLC boosted its stake in UMB Financial Corp. by 10.9% in the first quarter. Geode Capital Management LLC now owns 301,500 shares of the company’s stock worth $15,566,000 after buying an additional 29,640 shares in the last quarter. Rafferty Asset Management LLC purchased a new stake in UMB Financial Corp. during the first quarter worth about $490,000. State Street Corp boosted its stake in UMB Financial Corp. by 12.9% in the first quarter. State Street Corp now owns 1,314,542 shares of the company’s stock worth $67,866,000 after buying an additional 150,084 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in UMB Financial Corp. by 1.0% in the first quarter. JPMorgan Chase & Co. now owns 419,166 shares of the company’s stock worth $21,641,000 after buying an additional 3,957 shares in the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.
Shares of UMB Financial Corp. (NASDAQ:UMBF) traded up 1.56% during mid-day trading on Friday, reaching $59.29. The company’s stock had a trading volume of 40,222 shares. The firm has a 50 day moving average price of $58.91 and a 200 day moving average price of $55.47. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of 23.15 and a beta of 0.99. UMB Financial Corp. has a 52-week low of $39.55 and a 52-week high of $61.24.
UMB Financial Corp. (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. UMB Financial Corp. had a return on equity of 6.71% and a net margin of 13.28%. The firm earned $242.70 million during the quarter, compared to analysts’ expectations of $240.10 million. During the same period in the prior year, the firm posted $0.65 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts predict that UMB Financial Corp. will post $3.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $0.98 annualized dividend and a yield of 1.68%. UMB Financial Corp.’s dividend payout ratio (DPR) is presently 38.28%.
A number of research firms have recently issued reports on UMBF. Zacks Investment Research upgraded UMB Financial Corp. from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Thursday, August 11th. Keefe, Bruyette & Woods boosted their price objective on UMB Financial Corp. from $52.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.00.
In other news, insider J Walker Brian sold 3,047 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $60.45, for a total value of $184,191.15. Following the completion of the sale, the insider now directly owns 5,776 shares of the company’s stock, valued at $349,159.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christian R. Swett sold 1,518 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $60.51, for a total value of $91,854.18. Following the completion of the sale, the executive vice president now directly owns 5,746 shares of the company’s stock, valued at $347,690.46. The disclosure for this sale can be found here. Corporate insiders own 10.32% of the company’s stock.
UMB Financial Corp. Company Profile
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