UMB Bank n.a. Sells 290,779 Shares of UMB Financial Co. (NASDAQ:UMBF)

UMB Bank n.a. trimmed its stake in UMB Financial Co. (NASDAQ:UMBF) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,408,782 shares of the bank’s stock after selling 290,779 shares during the period. UMB Financial comprises approximately 7.9% of UMB Bank n.a.’s investment portfolio, making the stock its biggest position. UMB Bank n.a. owned approximately 9.03% of UMB Financial worth $497,575,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. HB Wealth Management LLC acquired a new position in shares of UMB Financial in the 4th quarter worth approximately $243,000. Sanibel Captiva Trust Company Inc. raised its position in shares of UMB Financial by 6.3% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 4,863 shares of the bank’s stock worth $549,000 after acquiring an additional 289 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of UMB Financial by 28.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 57,820 shares of the bank’s stock valued at $6,526,000 after purchasing an additional 12,943 shares during the period. Heritage Family Offices LLP grew its stake in UMB Financial by 6.5% during the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock worth $232,000 after purchasing an additional 125 shares during the period. Finally, USA Financial Formulas lifted its stake in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after buying an additional 268 shares during the period. 87.78% of the stock is owned by institutional investors.

UMB Financial Stock Up 1.7 %

UMBF stock opened at $119.58 on Monday. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The stock has a market cap of $5.84 billion, a P/E ratio of 14.95 and a beta of 0.82. The stock’s fifty day simple moving average is $119.41 and its two-hundred day simple moving average is $107.72. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the prior year, the business earned $2.02 earnings per share. Analysts expect 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. Investors of record on Tuesday, December 10th were paid a $0.40 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.34%. UMB Financial’s dividend payout ratio is presently 20.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price for the company. Royal Bank of Canada began coverage on UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target on the stock. Finally, Citigroup initiated coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.00.

Insider Buying and Selling at UMB Financial

In related news, Director Greg M. Graves bought 258 shares of the business’s stock in a transaction on Friday, November 1st. The stock was acquired at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $108.83, for a total value of $2,644,569.00. Following the sale, the chief executive officer now owns 1,576,604 shares in the company, valued at approximately $171,581,813.32. This represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,303 shares of company stock valued at $5,879,967. Company insiders own 8.85% of the company’s stock.

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.