Profund Advisors LLC boosted its position in shares of UMB Financial Corp (NASDAQ:UMBF) by 4.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,873 shares of the bank’s stock after acquiring an additional 273 shares during the quarter. Profund Advisors LLC’s holdings in UMB Financial were worth $387,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Manchester Capital Management LLC bought a new position in UMB Financial during the 1st quarter valued at about $33,000. Oakworth Capital Inc. bought a new position in UMB Financial during the 2nd quarter valued at about $34,000. Parkside Investments LLC bought a new position in UMB Financial during the 2nd quarter valued at about $56,000. Quantamental Technologies LLC bought a new position in UMB Financial during the 2nd quarter valued at about $71,000. Finally, Kavar Capital Partners LLC bought a new position in UMB Financial during the 2nd quarter valued at about $82,000. Institutional investors own 85.60% of the company’s stock.
UMBF stock traded down $0.65 during mid-day trading on Friday, reaching $65.48. The company had a trading volume of 286,998 shares, compared to its average volume of 169,435. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $3.21 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.62 and a beta of 0.94. The firm has a 50 day moving average of $63.85 and a 200 day moving average of $65.28. UMB Financial Corp has a 12 month low of $57.00 and a 12 month high of $74.07.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a $0.30 dividend. The ex-dividend date is Monday, September 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.83%. UMB Financial’s dividend payout ratio is currently 29.78%.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of UMB Financial from a “buy” rating to a “hold” rating and set a $69.00 price target on the stock. in a report on Tuesday, July 2nd. BidaskClub upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Friday. Finally, Stephens reiterated a “buy” rating and set a $75.00 price target on shares of UMB Financial in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $71.25.
In other UMB Financial news, Director Kris A. Robbins sold 800 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $62.57, for a total value of $50,056.00. Following the transaction, the director now directly owns 4,796 shares in the company, valued at approximately $300,085.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman J Mariner Kemper sold 3,145 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $65.64, for a total transaction of $206,437.80. Following the completion of the transaction, the chairman now owns 188,862 shares in the company, valued at $12,396,901.68. The disclosure for this sale can be found here. Insiders sold a total of 4,257 shares of company stock worth $276,615 over the last 90 days. Insiders own 10.45% of the company’s stock.
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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