Swiss National Bank grew its position in UMB Financial Co. (NASDAQ:UMBF) by 0.9% during the third quarter, HoldingsChannel reports. The firm owned 101,400 shares of the bank’s stock after buying an additional 900 shares during the period. Swiss National Bank’s holdings in UMB Financial were worth $9,806,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG raised its stake in UMB Financial by 313.4% during the second quarter. Deutsche Bank AG now owns 446,171 shares of the bank’s stock worth $41,521,000 after buying an additional 338,254 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in shares of UMB Financial by 216.0% in the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 349,411 shares of the bank’s stock valued at $32,516,000 after purchasing an additional 238,840 shares during the period. State Street Corp boosted its position in shares of UMB Financial by 12.5% during the 2nd quarter. State Street Corp now owns 2,140,270 shares of the bank’s stock valued at $199,813,000 after purchasing an additional 238,248 shares in the last quarter. ProShare Advisors LLC grew its stake in UMB Financial by 41.7% during the second quarter. ProShare Advisors LLC now owns 328,212 shares of the bank’s stock worth $30,543,000 after purchasing an additional 96,535 shares during the period. Finally, Vanguard Group Inc. increased its holdings in UMB Financial by 1.9% in the second quarter. Vanguard Group Inc. now owns 4,551,462 shares of the bank’s stock worth $423,560,000 after purchasing an additional 84,697 shares in the last quarter. Institutional investors own 83.99% of the company’s stock.
In related news, CEO J Mariner Kemper sold 1,267 shares of UMB Financial stock in a transaction that occurred on Monday, January 3rd. The stock was sold at an average price of $107.36, for a total transaction of $136,025.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Uma Wilson sold 275 shares of the company’s stock in a transaction on Thursday, November 18th. The stock was sold at an average price of $106.97, for a total value of $29,416.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,787 shares of company stock valued at $712,346. 10.16% of the stock is currently owned by insiders.
Shares of UMB Financial stock opened at $111.41 on Friday. The stock has a market capitalization of $5.39 billion, a PE ratio of 12.55 and a beta of 0.97. UMB Financial Co. has a 52 week low of $68.00 and a 52 week high of $111.83. The stock has a 50 day moving average price of $105.66 and a two-hundred day moving average price of $98.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Monday, October 25th. The bank reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.15. The business had revenue of $317.67 million during the quarter, compared to the consensus estimate of $322.80 million. UMB Financial had a net margin of 30.26% and a return on equity of 14.22%. During the same quarter last year, the firm posted $1.59 EPS. UMB Financial’s revenue was up 6.8% compared to the same quarter last year. Research analysts forecast that UMB Financial Co. will post 7.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 3rd. Stockholders of record on Friday, December 10th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, December 9th. UMB Financial’s dividend payout ratio is currently 16.67%.
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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