UMB Financial Co. (NASDAQ:UMBF) is UMB Bank n.a.’s Largest Position

UMB Bank n.a. cut its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 6.2% in the 4th quarter, HoldingsChannel reports. The fund owned 4,408,782 shares of the bank’s stock after selling 290,779 shares during the quarter. UMB Financial accounts for 7.9% of UMB Bank n.a.’s portfolio, making the stock its biggest position. UMB Bank n.a. owned 0.09% of UMB Financial worth $497,575,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its holdings in shares of UMB Financial by 767.4% during the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after acquiring an additional 18,817 shares during the last quarter. Principal Financial Group Inc. increased its holdings in UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Interval Partners LP purchased a new stake in UMB Financial during the second quarter valued at approximately $3,286,000. Dimensional Fund Advisors LP lifted its stake in shares of UMB Financial by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after purchasing an additional 100,000 shares during the last quarter. Finally, King Luther Capital Management Corp increased its position in shares of UMB Financial by 229.6% during the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after purchasing an additional 32,820 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the sale, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at approximately $171,581,813.32. This trade represents a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the sale, the insider now owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,303 shares of company stock worth $5,879,967. Corporate insiders own 8.85% of the company’s stock.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of analyst reports. StockNews.com cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Barclays raised their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada began coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target on the stock. Morgan Stanley began coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. Finally, Citigroup started 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

UMB Financial Stock Up 1.7 %

Shares of UMBF opened at $119.58 on Monday. The stock has a fifty day simple moving average of $119.41 and a two-hundred day simple moving average of $107.72. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.84 billion, a PE ratio of 14.95 and a beta of 0.82. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company 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 earned $2.02 EPS. As a group, equities analysts forecast that UMB Financial Co. will post 9.23 EPS for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.40 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, December 10th. UMB Financial’s payout ratio is 20.00%.

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.