SJS Investment Consulting Inc. Has $1.30 Million Position in UMB Financial Corporation $UMBF

SJS Investment Consulting Inc. decreased its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 54.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,995 shares of the bank’s stock after selling 13,000 shares during the period. SJS Investment Consulting Inc.’s holdings in UMB Financial were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in shares of UMB Financial in the 1st quarter valued at $29,000. Farther Finance Advisors LLC lifted its position in shares of 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 buying an additional 171 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in UMB Financial by 143.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock valued at $37,000 after buying an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in UMB Financial by 193.5% in the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after acquiring an additional 267 shares during the last quarter. Finally, MAI Capital Management raised its stake in UMB Financial by 14.7% during the first quarter. MAI Capital Management now owns 771 shares of the bank’s stock worth $78,000 after acquiring an additional 99 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on UMBF. Cowen started coverage on shares of UMB Financial in a research note on Wednesday, September 24th. They issued a “buy” rating on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $135.00 target price (down previously from $138.00) on shares of UMB Financial in a research report on Thursday, October 30th. TD Cowen decreased their target price on shares of UMB Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Wells Fargo & Company increased their price target on UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Finally, Truist Financial boosted their price objective on UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.20.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $115.04 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $126.14. The firm has a market cap of $8.74 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.15 and a beta of 0.78. The firm’s fifty day moving average is $112.74 and its 200-day moving average is $113.20.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $661.60 million. During the same quarter in the previous year, the company posted $2.25 EPS. The business’s revenue was up 67.0% on a year-over-year basis. Sell-side analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s dividend payout ratio (DPR) is 19.48%.

Insider Activity

In related news, CEO J Mariner Kemper sold 15,367 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares in the company, valued at $174,323,616.12. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greg M. Graves purchased 264 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $106.41 per share, with a total value of $28,092.24. Following the completion of the acquisition, 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 disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 17,127 shares of company stock worth $1,949,594 over the last quarter. Company insiders own 5.45% of the company’s stock.

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.