AlphaMark Advisors LLC Decreases Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

AlphaMark Advisors LLC lowered its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 11.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,399 shares of the bank’s stock after selling 446 shares during the quarter. AlphaMark Advisors LLC’s holdings in UMB Financial were worth $357,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Wedge Capital Management L L P NC purchased a new stake in shares of UMB Financial during the second quarter worth about $3,808,000. BNP Paribas Financial Markets lifted its holdings in UMB Financial by 35.0% in the 1st quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock worth $2,132,000 after buying an additional 6,351 shares during the period. Vanguard Group Inc. grew its position in shares of UMB Financial by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after buying an additional 394,578 shares during the last quarter. Sei Investments Co. increased its stake in shares of UMB Financial by 9.4% during the first quarter. Sei Investments Co. now owns 170,363 shares of the bank’s stock valued at $14,820,000 after buying an additional 14,674 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of UMB Financial by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after acquiring an additional 100,000 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Up 0.4 %

Shares of NASDAQ UMBF opened at $111.67 on Friday. UMB Financial Co. has a 1 year low of $58.92 and a 1 year high of $113.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a 50-day moving average of $102.81 and a 200 day moving average of $91.21. The stock has a market cap of $5.44 billion, a P/E ratio of 14.41 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.15. The firm had revenue of $390.03 million during the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the business earned $1.93 earnings per share. As a group, sell-side analysts expect that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.39 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.40%. UMB Financial’s dividend payout ratio is currently 20.13%.

Insider Activity

In other news, Director Tamara Peterman purchased 396 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the purchase, the director now directly owns 7,407 shares in the company, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other UMB Financial news, insider Robert Brian Beaird sold 698 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $93.19, for a total value of $65,046.62. Following the completion of the transaction, the insider now owns 6,682 shares of the company’s stock, valued at approximately $622,695.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tamara Peterman bought 396 shares of the stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the purchase, the director now directly owns 7,407 shares in the company, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 42,596 shares of company stock worth $4,224,884 over the last three months. 8.85% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on UMBF. Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Barclays lifted their target price on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Wells Fargo & Company increased their price target on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Piper Sandler lifted their price objective on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.86.

UMB Financial Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.