Isthmus Partners LLC Has $1.73 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Isthmus Partners LLC grew its position in UMB Financial Co. (NASDAQ:UMBF) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,575 shares of the bank’s stock after buying an additional 162 shares during the quarter. Isthmus Partners LLC’s holdings in UMB Financial were worth $1,729,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Royce & Associates LP raised its position in shares of UMB Financial by 60.0% in the 1st quarter. Royce & Associates LP now owns 145,535 shares of the bank’s stock valued at $13,437,000 after buying an additional 54,575 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of UMB Financial by 20.0% in the 1st quarter. Principal Financial Group Inc. now owns 150,566 shares of the bank’s stock valued at $13,902,000 after buying an additional 25,112 shares in the last quarter. Amundi Asset Management US Inc. acquired a new position in UMB Financial during the 1st quarter worth approximately $286,000. AQR Capital Management LLC increased its position in UMB Financial by 73.4% during the 1st quarter. AQR Capital Management LLC now owns 224,565 shares of the bank’s stock worth $20,734,000 after purchasing an additional 95,087 shares in the last quarter. Finally, Ziegler Capital Management LLC increased its position in UMB Financial by 1.5% during the 2nd quarter. Ziegler Capital Management LLC now owns 22,738 shares of the bank’s stock worth $2,116,000 after purchasing an additional 330 shares in the last quarter. Institutional investors own 84.83% of the company’s stock.

Separately, Zacks Investment Research cut 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $91.75.

In other news, CEO J Mariner Kemper sold 2,200 shares of the company’s stock in a transaction on Friday, July 2nd. The shares were sold at an average price of $93.00, for a total value of $204,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Alexander C. Kemper sold 2,630 shares of the company’s stock in a transaction on Friday, August 6th. The shares were sold at an average price of $95.94, for a total transaction of $252,322.20. Following the completion of the sale, the director now directly owns 10,459 shares in the company, valued at $1,003,436.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,230 shares of company stock valued at $862,448. Corporate insiders own 10.16% of the company’s stock.

UMBF stock traded up $0.08 during trading on Wednesday, reaching $88.26. 650 shares of the company were exchanged, compared to its average volume of 204,617. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.71 and a quick ratio of 0.71. UMB Financial Co. has a twelve month low of $45.87 and a twelve month high of $99.98. The company has a 50-day moving average of $90.72 and a two-hundred day moving average of $93.02. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 10.42 and a beta of 1.08.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Monday, July 26th. The bank reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $332.66 million during the quarter, compared to analysts’ expectations of $311.78 million. During the same period in the prior year, the company posted $1.33 EPS. The company’s revenue was up 11.4% on a year-over-year basis. On average, analysts forecast that UMB Financial Co. will post 7.29 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Friday, September 10th will be given a $0.37 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.32. This represents a $1.48 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 9th. UMB Financial’s dividend payout ratio is 24.18%.

UMB Financial 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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Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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