Creative Planning Buys 56 Shares of UMB Financial Corp (UMBF)
Creative Planning increased its position in UMB Financial Corp (NASDAQ:UMBF) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 10,194 shares of the bank’s stock after buying an additional 56 shares during the period. Creative Planning’s holdings in UMB Financial Corp were worth $768,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tyers Asset Management LLC bought a new position in shares of UMB Financial Corp during the fourth quarter worth approximately $100,000. Elkfork Partners LLC bought a new position in shares of UMB Financial Corp during the fourth quarter worth approximately $137,000. A.R.T. Advisors LLC bought a new position in shares of UMB Financial Corp during the fourth quarter worth approximately $200,000. Cantab Capital Partners LLP boosted its position in shares of UMB Financial Corp by 19.5% in the fourth quarter. Cantab Capital Partners LLP now owns 2,768 shares of the bank’s stock worth $213,000 after buying an additional 452 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of UMB Financial Corp during the fourth quarter worth approximately $217,000. Institutional investors own 81.11% of the company’s stock.
UMB Financial Corp (NASDAQ:UMBF) opened at 75.52 on Friday. The firm has a market cap of $3.76 billion, a PE ratio of 23.45 and a beta of 0.81. The company has a 50 day moving average price of $75.08 and a 200 day moving average price of $73.08. UMB Financial Corp has a 1-year low of $48.87 and a 1-year high of $81.55.
UMB Financial Corp (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 24th. The bank reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. The company earned $247.79 million during the quarter, compared to analyst estimates of $249.56 million. UMB Financial Corp had a net margin of 15.86% and a return on equity of 8.37%. During the same quarter last year, the business posted $0.70 earnings per share. On average, equities research analysts forecast that UMB Financial Corp will post $3.67 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Stockholders of record on Friday, March 10th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Wednesday, March 8th. UMB Financial Corp’s payout ratio is 31.68%.
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A number of research analysts have commented on the company. Stephens restated a “hold” rating on shares of UMB Financial Corp in a research note on Thursday. Zacks Investment Research upgraded UMB Financial Corp from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Friday, January 6th. FBR & Co assumed coverage on UMB Financial Corp in a research note on Tuesday, January 10th. They set a “market perform” rating and a $80.00 price objective on the stock. Wells Fargo & Co assumed coverage on UMB Financial Corp in a research note on Friday, January 6th. They set a “market perform” rating on the stock. Finally, Piper Jaffray Companies cut UMB Financial Corp from an “overweight” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research note on Tuesday, January 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $75.80.
About UMB Financial Corp
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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