UMB Bank N A MO Makes New Investment in ArrowMark Financial Corp. (NASDAQ:BANX)

UMB Bank N A MO bought a new position in shares of ArrowMark Financial Corp. (NASDAQ:BANX – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,700 shares of the investment management company’s stock, valued at approximately $59,000.

A number of other hedge funds have also bought and sold shares of BANX. ArrowMark Colorado Holdings LLC increased its stake in ArrowMark Financial by 4,407.5% during the third quarter. ArrowMark Colorado Holdings LLC now owns 503,402 shares of the investment management company’s stock worth $11,100,000 after acquiring an additional 492,234 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in ArrowMark Financial during the fourth quarter worth $1,947,000. Finally, Advisor Group Holdings Inc. increased its stake in ArrowMark Financial by 0.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 228,706 shares of the investment management company’s stock worth $5,025,000 after acquiring an additional 1,180 shares during the last quarter. 28.55% of the stock is owned by institutional investors.

Shares of NASDAQ BANX opened at $19.17 on Friday. ArrowMark Financial Corp. has a twelve month low of $17.32 and a twelve month high of $24.19. The stock has a fifty day simple moving average of $20.89 and a 200-day simple moving average of $21.54. The stock has a market capitalization of $136.11 million, a PE ratio of 13.22 and a beta of 0.67.

ArrowMark Financial (NASDAQ:BANX – Get Rating) last issued its quarterly earnings data on Monday, February 28th. The investment management company reported $0.41 earnings per share for the quarter. The firm had revenue of $4.55 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Monday, March 28th. Investors of record on Monday, March 21st were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, March 18th. This is a positive change from ArrowMark Financial’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a yield of 8.14%. ArrowMark Financial’s dividend payout ratio (DPR) is 107.59%.

ArrowMark Financial Profile (Get Rating)

StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies.

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