First National Bank of Omaha Decreases Stake in UMB Financial Co. (NASDAQ:UMBF)

First National Bank of Omaha lessened its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,650 shares of the bank’s stock after selling 298 shares during the period. First National Bank of Omaha’s holdings in UMB Financial were worth $2,171,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of UMBF. V Square Quantitative Management LLC acquired a new position in UMB Financial during the third quarter worth about $26,000. Covestor Ltd raised its holdings in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in UMB Financial in the 3rd quarter worth approximately $83,000. 1620 Investment Advisors Inc. acquired a new position in shares of UMB Financial during the 2nd quarter worth approximately $128,000. Finally, Acropolis Investment Management LLC purchased a new stake in shares of UMB Financial in the third quarter valued at approximately $156,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Activity

In other UMB Financial news, Director Greg M. Graves acquired 258 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the completion of the acquisition, the director now owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. This trade represents a 0.72 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,603 shares of company stock valued at $8,353,950. 8.85% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UMBF. Barclays lifted their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley assumed coverage on UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Royal Bank of Canada started coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price objective for the company. Citigroup initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

UMB Financial Trading Up 0.7 %

NASDAQ UMBF opened at $124.95 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $6.10 billion, a P/E ratio of 15.62 and a beta of 0.80. The firm’s 50-day moving average is $114.87 and its two-hundred day moving average is $100.38. UMB Financial Co. has a 12 month low of $75.03 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same period in the prior year, the business posted $2.02 EPS. On average, sell-side analysts anticipate that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is currently 19.50%.

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.