Paloma Partners Management Co boosted its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 20.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,605 shares of the bank’s stock after buying an additional 946 shares during the quarter. Paloma Partners Management Co’s holdings in UMB Financial were worth $403,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of UMB Financial by 50.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,411 shares of the bank’s stock valued at $173,000 after purchasing an additional 807 shares during the period. Advisor Group Inc. boosted its stake in shares of UMB Financial by 137.6% during the fourth quarter. Advisor Group Inc. now owns 2,892 shares of the bank’s stock valued at $209,000 after purchasing an additional 1,675 shares during the period. Quantbot Technologies LP boosted its stake in shares of UMB Financial by 119.7% during the third quarter. Quantbot Technologies LP now owns 2,830 shares of the bank’s stock valued at $210,000 after purchasing an additional 1,542 shares during the period. Diversified Trust Co purchased a new stake in shares of UMB Financial during the fourth quarter valued at $227,000. Finally, SG Americas Securities LLC purchased a new stake in shares of UMB Financial during the fourth quarter valued at $346,000. 85.09% of the stock is owned by institutional investors.
In related news, insider J Walker Brian sold 3,454 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $76.36, for a total value of $263,747.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman J Mariner Kemper sold 5,451 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $77.02, for a total transaction of $419,836.02. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 1,776 shares of company stock valued at $135,338. 10.26% of the stock is owned by insiders.
Shares of UMB Financial stock opened at $71.14 on Friday. The stock has a market cap of $3,559.42, a price-to-earnings ratio of 18.82, a PEG ratio of 1.41 and a beta of 0.88. UMB Financial Co. has a one year low of $62.27 and a one year high of $78.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68.
UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.02. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The company had revenue of $252.38 million during the quarter, compared to analyst estimates of $254.98 million. During the same period in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. sell-side analysts predict that UMB Financial Co. will post 4.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 1.63%. UMB Financial’s dividend payout ratio is 23.34%.
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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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