Paragon Capital Management LLC increased its stake in UMB Financial Corp (NASDAQ:UMBF) by 27.5% in the first quarter, Holdings Channel reports. The institutional investor owned 24,734 shares of the bank’s stock after acquiring an additional 5,330 shares during the quarter. UMB Financial accounts for about 0.8% of Paragon Capital Management LLC’s portfolio, making the stock its 28th largest position. Paragon Capital Management LLC’s holdings in UMB Financial were worth $1,584,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Two Sigma Advisers LP boosted its holdings in shares of UMB Financial by 54.7% during the fourth quarter. Two Sigma Advisers LP now owns 35,918 shares of the bank’s stock valued at $2,190,000 after acquiring an additional 12,700 shares during the period. Meritage Portfolio Management boosted its holdings in shares of UMB Financial by 0.6% during the fourth quarter. Meritage Portfolio Management now owns 31,328 shares of the bank’s stock valued at $1,910,000 after acquiring an additional 200 shares during the period. Atwood & Palmer Inc. lifted its holdings in UMB Financial by 990.8% in the fourth quarter. Atwood & Palmer Inc. now owns 6,894 shares of the bank’s stock worth $420,000 after purchasing an additional 6,262 shares during the period. Brand Asset Management Group Inc. acquired a new stake in UMB Financial in the fourth quarter worth about $58,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in UMB Financial by 0.9% in the third quarter. The Manufacturers Life Insurance Company now owns 102,143 shares of the bank’s stock worth $7,242,000 after purchasing an additional 939 shares during the period. Institutional investors and hedge funds own 91.04% of the company’s stock.
UMBF stock traded down $1.20 during trading on Monday, hitting $66.16. The company had a trading volume of 107,755 shares, compared to its average volume of 246,179. The company has a market capitalization of $3.22 billion, a P/E ratio of 16.42, a PEG ratio of 1.89 and a beta of 0.85. UMB Financial Corp has a fifty-two week low of $57.00 and a fifty-two week high of $82.14. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.04.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, March 8th. UMB Financial’s payout ratio is currently 29.78%.
Several equities research analysts recently weighed in on the stock. Bank of America downgraded shares of UMB Financial from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. BidaskClub downgraded shares of UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Raymond James downgraded shares of UMB Financial from an “outperform” rating to a “mkt perform” rating in a report on Monday, January 7th. Stephens raised shares of UMB Financial from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 19th. Finally, Zacks Investment Research downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $77.00.
In other UMB Financial news, Director Timothy R. Murphy purchased 4,000 shares of the company’s stock in a transaction on Friday, February 1st. The shares were purchased at an average cost of $64.63 per share, for a total transaction of $258,520.00. Following the completion of the transaction, the director now owns 12,635 shares in the company, valued at $816,600.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shannon Andresen Johnson sold 1,504 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $66.57, for a total value of $100,121.28. Following the sale, the executive vice president now owns 9,049 shares in the company, valued at approximately $602,391.93. The disclosure for this sale can be found here. Corporate insiders own 10.45% of the company’s stock.
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About UMB Financial
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.
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