Royal Bank of Canada Has $159,000 Position in UMB Financial Corporation (UMBF)
Royal Bank of Canada lowered its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,130 shares of the bank’s stock after selling 122 shares during the period. Royal Bank of Canada’s holdings in UMB Financial were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in UMBF. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in UMB Financial by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,604 shares of the bank’s stock valued at $120,000 after acquiring an additional 130 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in UMB Financial by 6.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock valued at $152,000 after acquiring an additional 129 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in UMB Financial by 53.9% in the second quarter. Riverhead Capital Management LLC now owns 2,463 shares of the bank’s stock valued at $184,000 after acquiring an additional 863 shares during the last quarter. Pitcairn Co. acquired a new stake in UMB Financial in the second quarter valued at $201,000. Finally, World Asset Management Inc lifted its stake in UMB Financial by 1.6% in the second quarter. World Asset Management Inc now owns 2,769 shares of the bank’s stock valued at $207,000 after acquiring an additional 43 shares during the last quarter. 83.12% of the stock is owned by institutional investors and hedge funds.
Shares of UMB Financial Corporation (NASDAQ UMBF) opened at $71.89 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market cap of $3,584.94, a PE ratio of 19.54, a PEG ratio of 2.35 and a beta of 0.84. UMB Financial Corporation has a 12 month low of $62.27 and a 12 month high of $81.55.
UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.05. The company had revenue of $245.20 million during the quarter, compared to analysts’ expectations of $257.76 million. UMB Financial had a net margin of 17.05% and a return on equity of 9.03%. UMB Financial’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. research analysts forecast that UMB Financial Corporation will post 3.64 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, December 7th. This is a boost from UMB Financial’s previous quarterly dividend of $0.26. UMB Financial’s dividend payout ratio (DPR) is currently 28.41%.
A number of brokerages have commented on UMBF. BidaskClub cut shares of UMB Financial from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Piper Jaffray Companies set a $74.00 price target on shares of UMB Financial and gave the company a “hold” rating in a research note on Friday, August 25th. Raymond James Financial, Inc. upgraded shares of UMB Financial from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. UBS AG upgraded shares of UMB Financial from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of UMB Financial from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. UMB Financial has a consensus rating of “Hold” and a consensus price target of $77.20.
In related news, Director Timothy R. Murphy bought 1,500 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was bought at an average price of $67.50 per share, for a total transaction of $101,250.00. Following the purchase, the director now owns 4,049 shares in the company, valued at approximately $273,307.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 10.09% of the company’s stock.
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UMB Financial 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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