Fox Run Management L.L.C. Takes Position in UMB Financial Corporation (UMBF)
Fox Run Management L.L.C. purchased a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,000 shares of the bank’s stock, valued at approximately $298,000.
Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in UMB Financial Corporation by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 988,794 shares of the bank’s stock worth $74,022,000 after purchasing an additional 52,788 shares during the period. Schwab Charles Investment Management Inc. raised its stake in UMB Financial Corporation by 8.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 217,017 shares of the bank’s stock worth $16,344,000 after purchasing an additional 16,375 shares during the period. Eagle Asset Management Inc. raised its stake in UMB Financial Corporation by 33.6% during the second quarter. Eagle Asset Management Inc. now owns 789,143 shares of the bank’s stock worth $59,075,000 after purchasing an additional 198,343 shares during the period. Keybank National Association OH increased its position in shares of UMB Financial Corporation by 19.6% in the second quarter. Keybank National Association OH now owns 23,200 shares of the bank’s stock worth $1,737,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Independence Advisors LLC acquired a new stake in shares of UMB Financial Corporation in the second quarter worth $273,000. 82.35% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on UMBF. BidaskClub lowered shares of UMB Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Stephens set a $71.00 price objective on shares of UMB Financial Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Zacks Investment Research raised shares of UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Friday, July 7th. Piper Jaffray Companies set a $74.00 price target on shares of UMB Financial Corporation and gave the company a “hold” rating in a report on Friday, August 25th. Finally, Raymond James Financial, Inc. raised shares of UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. UMB Financial Corporation has an average rating of “Hold” and a consensus price target of $77.20.
In related news, Director Timothy R. Murphy acquired 1,500 shares of UMB Financial Corporation stock in a transaction on Tuesday, September 12th. The shares were purchased at an average cost of $67.50 per share, for a total transaction of $101,250.00. Following the purchase, the director now directly owns 4,049 shares of the company’s stock, valued at approximately $273,307.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.09% of the company’s stock.
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Shares of UMB Financial Corporation (NASDAQ:UMBF) opened at $72.88 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3,627.34, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.38 and a beta of 0.84.
UMB Financial Corporation (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.05. The business had revenue of $245.20 million during the quarter, compared to analyst estimates of $257.76 million. UMB Financial Corporation had a net margin of 17.05% and a return on equity of 9.03%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. research analysts predict that UMB Financial Corporation will post 3.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders 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 yield of 1.51%. This is an increase from UMB Financial Corporation’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, December 7th. UMB Financial Corporation’s dividend payout ratio is 28.41%.
About UMB Financial Corporation
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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