UMB Financial Corporation $UMBF Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 365,703 shares of the bank’s stock after selling 24,947 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.48% of UMB Financial worth $43,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in UMB Financial by 219.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after acquiring an additional 267 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of UMB Financial in the second quarter valued at approximately $105,000. 1620 Investment Advisors Inc. increased its position in UMB Financial by 8,790.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock valued at $116,000 after acquiring an additional 967 shares during the period. Finally, MAI Capital Management lifted its holdings in UMB Financial by 51.9% in the second quarter. MAI Capital Management now owns 1,171 shares of the bank’s stock worth $123,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insiders Place Their Bets

In other UMB Financial news, Director Greg M. Graves purchased 264 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $106.41 per share, with a total value of $28,092.24. Following the completion of the acquisition, the director directly owned 38,411 shares of the company’s stock, valued at $4,087,314.51. This represents a 0.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 460 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $110.71, for a total transaction of $50,926.60. Following the sale, the director directly owned 12,090 shares in the company, valued at approximately $1,338,483.90. This represents a 3.67% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 17,127 shares of company stock worth $1,949,594. 5.45% of the stock is owned by company insiders.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $126.34 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $9.60 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.98 and a beta of 0.78. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $126.96. The firm has a 50-day moving average price of $116.08 and a 200 day moving average price of $114.54.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.22. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The firm had revenue of $678.34 million during the quarter, compared to analyst estimates of $661.60 million. During the same period in the prior year, the company posted $2.25 earnings per share. The business’s revenue for the quarter was up 67.0% compared to the same quarter last year. Research analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 10th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s payout ratio is 19.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UMBF shares. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research report on Wednesday, January 7th. Barclays set a $155.00 price target on shares of UMB Financial and gave the company an “overweight” rating in a report on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Weiss Ratings lowered shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Hovde Group started coverage on shares of UMB Financial in a research note on Monday, October 6th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $137.10.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.