Isthmus Partners LLC increased its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,575 shares of the bank’s stock after buying an additional 162 shares during the period. Isthmus Partners LLC’s holdings in UMB Financial were worth $1,729,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of UMB Financial by 5.1% during the 1st quarter. BlackRock Inc. now owns 5,310,064 shares of the bank’s stock worth $490,280,000 after buying an additional 258,315 shares during the period. American Century Companies Inc. boosted its holdings in UMB Financial by 7.0% in the 2nd quarter. American Century Companies Inc. now owns 1,487,716 shares of the bank’s stock valued at $138,447,000 after purchasing an additional 97,400 shares during the period. Champlain Investment Partners LLC boosted its holdings in UMB Financial by 1.0% in the 1st quarter. Champlain Investment Partners LLC now owns 1,472,975 shares of the bank’s stock valued at $136,000,000 after purchasing an additional 14,645 shares during the period. Bank of New York Mellon Corp boosted its holdings in UMB Financial by 15.9% in the 1st quarter. Bank of New York Mellon Corp now owns 886,277 shares of the bank’s stock valued at $81,829,000 after purchasing an additional 121,631 shares during the period. Finally, Brown Advisory Inc. boosted its holdings in UMB Financial by 8.6% in the 1st quarter. Brown Advisory Inc. now owns 842,595 shares of the bank’s stock valued at $77,797,000 after purchasing an additional 66,456 shares during the period. 84.83% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:UMBF traded up $0.08 during midday trading on Wednesday, hitting $88.26. The stock had a trading volume of 650 shares, compared to its average volume of 204,617. The company’s 50-day moving average price is $90.72 and its 200-day moving average price is $93.02. The company has a market capitalization of $4.27 billion, a P/E ratio of 10.42 and a beta of 1.08. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.09. UMB Financial Co. has a fifty-two week low of $45.87 and a fifty-two week high of $99.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Friday, September 10th will be given a $0.37 dividend. The ex-dividend date is Thursday, September 9th. This is a boost from UMB Financial’s previous quarterly dividend of $0.32. This represents a $1.48 annualized dividend and a dividend yield of 1.68%. UMB Financial’s payout ratio is presently 24.18%.
In related news, CEO J Mariner Kemper sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, September 2nd. The shares were sold at an average price of $91.01, for a total transaction of $200,222.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander C. Kemper sold 2,630 shares of the company’s stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $95.94, for a total transaction of $252,322.20. Following the transaction, the director now owns 10,459 shares of the company’s stock, valued at $1,003,436.46. The disclosure for this sale can be found here. Insiders sold a total of 9,230 shares of company stock valued at $862,448 over the last 90 days. Corporate insiders own 10.16% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of UMB Financial from a “buy” rating to a “sell” rating and set a $99.00 price objective for the company. in a report on Tuesday, June 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $91.75.
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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