EP Wealth Advisors LLC purchased a new position in shares of UMB Financial Corporation (NASDAQ:UMBF – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 5,570 shares of the bank’s stock, valued at approximately $795,000.
Other large investors have also bought and sold shares of the company. MBM Wealth Consultants LLC bought a new stake in shares of UMB Financial in the 1st quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new position in UMB Financial during the fourth quarter worth about $27,000. Axiom Investment Management LLC purchased a new position in UMB Financial during the first quarter worth about $28,000. Hilton Head Capital Partners LLC bought a new stake in UMB Financial in the 4th quarter worth about $34,000. Finally, Torren Management LLC purchased a new stake in UMB Financial in the 4th quarter valued at about $37,000. 87.78% of the stock is currently owned by institutional investors.
Insider Buying and Selling at UMB Financial
In related news, insider Nikki Farentino Newton sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total transaction of $297,200.00. Following the sale, the insider directly owned 11,981 shares in the company, valued at approximately $1,780,376.60. The trade was a 14.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kevin Charles Gallagher sold 360 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $145.13, for a total value of $52,246.80. Following the sale, the director directly owned 11,863 shares in the company, valued at $1,721,677.19. This trade represents a 2.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 34,171 shares of company stock worth $4,919,826. Company insiders own 5.33% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on UMB Financial
UMB Financial Price Performance
Shares of NASDAQ:UMBF opened at $145.14 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $11.02 billion, a PE ratio of 12.08, a P/E/G ratio of 0.71 and a beta of 0.77. UMB Financial Corporation has a twelve month low of $103.38 and a twelve month high of $153.32. The company has a 50-day moving average price of $143.83 and a two-hundred day moving average price of $130.40.
UMB Financial (NASDAQ:UMBF – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.45. The company had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter in the previous year, the firm posted $2.96 earnings per share. Equities analysts forecast that UMB Financial Corporation will post 13.48 EPS for the current year.
UMB Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is presently 14.32%.
UMB Financial Profile
UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.
In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.
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