Ceredex Value Advisors LLC Sells 700 Shares of UMB Financial Co. (NASDAQ:UMBF)

Ceredex Value Advisors LLC lessened its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 140,200 shares of the bank’s stock after selling 700 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.29% of UMB Financial worth $14,796,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UMBF. V Square Quantitative Management LLC bought a new stake in UMB Financial during the third quarter valued at $26,000. 1620 Investment Advisors Inc. bought a new stake in UMB Financial during the second quarter worth $128,000. CWM LLC grew its position in UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after buying an additional 129 shares during the period. Heritage Family Offices LLP bought a new stake in shares of UMB Financial in the 3rd quarter worth approximately $203,000. Finally, Greenleaf Trust purchased a new stake in shares of UMB Financial during the third quarter worth $233,000. 87.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on UMBF. Piper Sandler boosted their target price on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Barclays raised their price objective on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company increased their price target on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Citigroup began coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.00.

UMB Financial Stock Down 1.3 %

Shares of UMBF opened at $108.28 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.73 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $105.14 and its two-hundred day moving average is $93.12. The firm has a market cap of $5.28 billion, a P/E ratio of 13.54 and a beta of 0.78. UMB Financial Co. has a 12 month low of $64.48 and a 12 month high of $113.56.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The firm had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same period in the previous year, the firm posted $2.02 earnings per share. Analysts predict that UMB Financial Co. will post 9.09 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.48%. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio is presently 19.50%.

Insiders Place Their Bets

In other news, EVP John Pauls sold 1,623 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $92.97, for a total transaction of $150,890.31. Following the completion of the transaction, the executive vice president now directly owns 7,332 shares of the company’s stock, valued at $681,656.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the transaction, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Pauls sold 1,623 shares of UMB Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total transaction of $150,890.31. Following the completion of the sale, the executive vice president now directly owns 7,332 shares of the company’s stock, valued at $681,656.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,038 shares of company stock worth $4,078,068. Insiders own 8.85% of the company’s stock.

UMB Financial Company 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.