Paragon Capital Management LLC Acquires 5,330 Shares of UMB Financial Corp (UMBF)
Paragon Capital Management LLC increased its holdings in shares of UMB Financial Corp (NASDAQ:UMBF) by 27.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,734 shares of the bank’s stock after purchasing an additional 5,330 shares during the period. UMB Financial makes up 0.8% of Paragon Capital Management LLC’s holdings, making the stock its 28th biggest position. Paragon Capital Management LLC owned approximately 0.05% of UMB Financial worth $1,584,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of UMBF. Toronto Dominion Bank acquired a new stake in shares of UMB Financial in the fourth quarter valued at about $33,000. Brand Asset Management Group Inc. acquired a new position in UMB Financial during the 4th quarter worth approximately $58,000. Tower Research Capital LLC TRC grew its holdings in UMB Financial by 416.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,128 shares of the bank’s stock worth $151,000 after acquiring an additional 1,716 shares in the last quarter. First Quadrant L P CA acquired a new position in UMB Financial during the 4th quarter worth approximately $153,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in UMB Financial by 14.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,255 shares of the bank’s stock worth $198,000 after acquiring an additional 408 shares in the last quarter. 91.04% of the stock is owned by hedge funds and other institutional investors.
Shares of UMB Financial stock traded down $1.20 during trading hours on Monday, hitting $66.16. The company had a trading volume of 107,755 shares, compared to its average volume of 246,179. UMB Financial Corp has a twelve month low of $57.00 and a twelve month high of $82.14. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 1.89 and a beta of 0.85.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, March 8th. UMB Financial’s dividend payout ratio is currently 29.78%.
In other UMB Financial news, Director Timothy R. Murphy purchased 4,000 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was purchased at an average price of $64.63 per share, for a total transaction of $258,520.00. Following the purchase, the director now directly owns 12,635 shares in the company, valued at $816,600.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shannon Andresen Johnson sold 1,504 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $66.57, for a total transaction of $100,121.28. Following the transaction, the executive vice president now owns 9,049 shares of the company’s stock, valued at approximately $602,391.93. The disclosure for this sale can be found here. 10.45% of the stock is owned by corporate insiders.
UMBF has been the subject of several analyst reports. Raymond James cut shares of UMB Financial from an “outperform” rating to a “mkt perform” rating in a report on Monday, January 7th. Stephens upgraded shares of UMB Financial from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 19th. Bank of America cut shares of UMB Financial from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. BidaskClub cut shares of UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, March 15th. Finally, ValuEngine upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $77.00.
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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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