American Century Companies Inc. raised its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,019,103 shares of the bank’s stock after acquiring an additional 4,926 shares during the period. American Century Companies Inc. owned approximately 2.04% of UMB Financial Corporation worth $75,913,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of UMB Financial Corporation by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 988,794 shares of the bank’s stock valued at $74,022,000 after buying an additional 52,788 shares in the last quarter. Eagle Asset Management Inc. raised its position in shares of UMB Financial Corporation by 33.6% in the second quarter. Eagle Asset Management Inc. now owns 789,143 shares of the bank’s stock valued at $59,075,000 after buying an additional 198,343 shares in the last quarter. Vanguard Group Inc. raised its position in UMB Financial Corporation by 2.0% during the second quarter. Vanguard Group Inc. now owns 4,175,014 shares of the bank’s stock valued at $312,541,000 after purchasing an additional 80,269 shares in the last quarter. Keybank National Association OH raised its position in UMB Financial Corporation by 19.6% during the second quarter. Keybank National Association OH now owns 23,200 shares of the bank’s stock valued at $1,737,000 after purchasing an additional 3,800 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in UMB Financial Corporation by 92.5% during the second quarter. BNP Paribas Arbitrage SA now owns 22,106 shares of the bank’s stock valued at $1,655,000 after purchasing an additional 10,621 shares in the last quarter. Institutional investors own 83.12% of the company’s stock.
UMB Financial Corporation (NASDAQ UMBF) opened at $71.56 on Monday. The firm has a market cap of $3,568.50, a P/E ratio of 19.45, a PEG ratio of 2.34 and a beta of 0.84. UMB Financial Corporation has a 52-week low of $62.27 and a 52-week high of $81.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.66 and a current ratio of 0.66.
UMB Financial Corporation (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.05. UMB Financial Corporation had a net margin of 17.05% and a return on equity of 9.03%. The company had revenue of $245.20 million during the quarter, compared to the consensus estimate of $257.76 million. During the same period last year, the firm earned $0.87 EPS. UMB Financial Corporation’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts anticipate that UMB Financial Corporation will post 3.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.275 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.10 annualized dividend and a dividend yield of 1.54%. This is a boost from UMB Financial Corporation’s previous quarterly dividend of $0.26. UMB Financial Corporation’s dividend payout ratio (DPR) is 28.41%.
Several research analysts have commented on UMBF shares. Zacks Investment Research downgraded shares of UMB Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. UBS AG upgraded shares of UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Piper Jaffray Companies reissued a “neutral” rating and issued a $74.00 price objective on shares of UMB Financial Corporation in a research note on Friday, October 6th. Raymond James Financial, Inc. raised shares of UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. Finally, BidaskClub cut shares of UMB Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $77.20.
In related news, Director Timothy R. Murphy acquired 1,500 shares of the stock in a transaction dated Tuesday, September 12th. The shares were purchased at an average price of $67.50 per share, for a total transaction of $101,250.00. Following the transaction, the director now owns 4,049 shares in the company, valued at approximately $273,307.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 10.09% of the company’s stock.
UMB Financial Corporation Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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