UMB Financial Co. (NASDAQ:UMBF) Shares Sold by nVerses Capital LLC

nVerses Capital LLC reduced its holdings in UMB Financial Co. (NASDAQ:UMBF) by 47.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,000 shares of the bank’s stock after selling 1,800 shares during the quarter. nVerses Capital LLC’s holdings in UMB Financial were worth $210,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. 1620 Investment Advisors Inc. acquired a new stake in UMB Financial in the second quarter valued at $128,000. Heritage Family Offices LLP acquired a new stake in shares of UMB Financial in the third quarter valued at about $203,000. CWM LLC boosted its holdings 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 buying an additional 129 shares in the last quarter. SG Americas Securities LLC grew its position in UMB Financial by 69.5% during the third quarter. SG Americas Securities LLC now owns 2,478 shares of the bank’s stock worth $260,000 after buying an additional 1,016 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in UMB Financial in the first quarter valued at about $252,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other UMB Financial news, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the completion of the sale, the director now owns 3,211 shares in the company, valued at $329,127.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other UMB Financial news, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total value of $512,500.00. Following the transaction, the director now owns 3,211 shares in the company, valued at $329,127.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 10,115 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $93.00, for a total value of $940,695.00. Following the sale, the chief executive officer now owns 257,796 shares of the company’s stock, valued at approximately $23,975,028. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,596 shares of company stock worth $4,224,884. 8.85% of the stock is owned by company insiders.

Analyst Ratings Changes

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

UMB Financial Price Performance

NASDAQ:UMBF opened at $109.35 on Friday. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 14.52 and a beta of 0.78. UMB Financial Co. has a 12-month low of $58.92 and a 12-month high of $113.30. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average is $103.13 and its two-hundred day moving average is $91.44.

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

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.56 annualized dividend and a yield of 1.43%. UMB Financial’s payout ratio is currently 20.72%.

About UMB Financial

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.