UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Swiss National Bank

Swiss National Bank decreased its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,400 shares of the bank’s stock after selling 700 shares during the quarter. Swiss National Bank owned about 0.19% of UMB Financial worth $9,502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in UMBF. V Square Quantitative Management LLC acquired a new stake in UMB Financial in the 3rd quarter worth about $26,000. Covestor Ltd boosted its position in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in UMB Financial in the second quarter valued at approximately $128,000. Heritage Family Offices LLP acquired a new position in UMB Financial during the third quarter worth approximately $203,000. Finally, CWM LLC raised its stake in UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the sale, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,303 shares of company stock valued at $5,830,165 in the last three months. Corporate insiders own 8.85% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of several research reports. Wells Fargo & Company boosted 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. Piper Sandler upped their price target on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Barclays lifted their price objective on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Royal Bank of Canada began coverage on shares of UMB Financial in a research report on Friday. They set a “sector perform” rating and a $130.00 target price for the company. Finally, Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

UMB Financial Stock Up 1.5 %

Shares of NASDAQ:UMBF opened at $125.00 on Monday. The company has a 50 day moving average of $110.81 and a two-hundred day moving average of $97.37. UMB Financial Co. has a 52-week low of $69.96 and a 52-week high of $128.73. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 15.63 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. The firm had revenue of $716.44 million for 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 previous year, the business posted $2.02 EPS. As a group, analysts forecast that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.28%. UMB Financial’s payout ratio is currently 19.50%.

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.