Vest Financial LLC Boosts Stake in UMB Financial Corporation $UMBF

Vest Financial LLC raised its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 76.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,205 shares of the bank’s stock after acquiring an additional 15,201 shares during the period. Vest Financial LLC’s holdings in UMB Financial were worth $4,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of UMBF. Alliancebernstein L.P. increased its position in UMB Financial by 636.7% during the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after acquiring an additional 1,286,543 shares during the last quarter. Norges Bank bought a new position in shares of UMB Financial during the 2nd quarter worth $93,829,000. State Street Corp increased its position in UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after purchasing an additional 313,414 shares during the period. Global Alpha Capital Management Ltd. increased its holdings in UMB Financial by 26.1% during the second quarter. Global Alpha Capital Management Ltd. now owns 644,644 shares of the bank’s stock valued at $67,791,000 after buying an additional 133,507 shares during the period. Finally, Tributary Capital Management LLC raised its position in shares of UMB Financial by 82.9% in the 3rd quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank’s stock worth $32,872,000 after acquiring an additional 125,924 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Activity

In other news, Director Greg M. Graves bought 264 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $106.41 per share, for a total transaction of $28,092.24. Following the completion of the purchase, the director owned 38,411 shares in the company, valued at approximately $4,087,314.51. This trade represents a 0.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nikki Farentino Newton sold 1,300 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total value of $137,917.00. Following the completion of the transaction, the insider directly owned 13,667 shares in the company, valued at $1,449,932.03. This trade represents a 8.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 17,127 shares of company stock worth $1,949,594 in the last ninety days. 5.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UMBF has been the subject of a number of analyst reports. Raymond James Financial restated a “strong-buy” rating and issued a $135.00 target price (down from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. Weiss Ratings cut shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Barclays set a $155.00 target price on UMB Financial and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Hovde Group began coverage on shares of UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating for the company. Finally, Morgan Stanley increased their target price on UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.10.

UMB Financial Stock Performance

Shares of UMBF stock opened at $125.07 on Friday. The firm has a 50 day moving average of $116.41 and a two-hundred day moving average of $114.64. The stock has a market capitalization of $9.50 billion, a PE ratio of 14.16, a P/E/G ratio of 1.02 and a beta of 0.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.18.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating 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 business had revenue of $678.34 million for the quarter, compared to analysts’ expectations of $661.60 million. During the same period last year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter was up 67.0% compared to the same quarter last year. On average, research analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

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

UMB Financial Company 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.