Inspire Investing LLC Sells 281 Shares of UMB Financial Co. (NASDAQ:UMBF)

Inspire Investing LLC lessened its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 6.7% in the third quarter, Holdings Channel.com reports. The firm owned 3,934 shares of the bank’s stock after selling 281 shares during the period. Inspire Investing LLC’s holdings in UMB Financial were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in UMB Financial by 9.2% during the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after purchasing an additional 394,578 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of UMB Financial by 2.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock valued at $163,066,000 after acquiring an additional 49,690 shares during the period. American Century Companies Inc. boosted its position in shares of UMB Financial by 6.8% in the second quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock valued at $146,196,000 after acquiring an additional 111,090 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of UMB Financial by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after acquiring an additional 100,000 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of UMB Financial by 102.7% in the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after acquiring an additional 381,278 shares during the period. Institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Up 0.7 %

Shares of UMBF opened at $111.18 on Thursday. The firm’s 50 day simple moving average is $102.46 and its 200 day simple moving average is $91.07. The company has a market capitalization of $5.42 billion, a P/E ratio of 14.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.73 and a quick ratio of 0.73. UMB Financial Co. has a 1-year low of $58.92 and a 1-year high of $113.30.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, topping the consensus estimate of $2.01 by $0.15. The firm had revenue of $390.03 million for the quarter, compared to the consensus estimate of $384.96 million. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.93 earnings per share. Sell-side analysts forecast that UMB Financial Co. will post 8.98 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, September 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.13%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the transaction, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Tamara Peterman bought 396 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the completion of the acquisition, the director now owns 7,407 shares of the company’s stock, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the transaction, the chief executive officer now owns 1,600,904 shares in the company, valued at $162,988,036.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,596 shares of company stock valued at $4,224,884. 8.85% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. Barclays raised their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company raised their target price on shares of UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.86.

UMB Financial Company 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.