UMB Financial Co. (NASDAQ:UMBF) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 69.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,478 shares of the bank’s stock after buying an additional 1,016 shares during the period. SG Americas Securities LLC’s holdings in UMB Financial were worth $260,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. 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. Truist Financial Corp boosted its holdings in UMB Financial by 3.3% during the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock worth $354,000 after buying an additional 136 shares in the last quarter. Retirement Systems of Alabama boosted its holdings in UMB Financial by 0.3% during the first quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock worth $4,771,000 after buying an additional 144 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of UMB Financial by 0.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock valued at $4,496,000 after acquiring an additional 200 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its position in shares of UMB Financial by 0.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 58,892 shares of the bank’s stock valued at $4,913,000 after acquiring an additional 210 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Stock Down 2.1 %

UMB Financial stock opened at $109.35 on Monday. The company has a market capitalization of $5.33 billion, a P/E ratio of 14.11 and a beta of 0.78. The firm’s fifty day simple moving average is $103.13 and its 200-day simple moving average is $91.50. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. 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 earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The business had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. During the same period last year, the business posted $1.93 EPS. UMB Financial’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that UMB Financial Co. will post 8.98 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company 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 was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 1.43%. UMB Financial’s payout ratio is presently 20.13%.

Insider Activity at UMB Financial

In related news, Director Kris A. Robbins sold 5,000 shares of the firm’s 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 directly owns 3,211 shares in the company, valued at approximately $329,127.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at $162,988,036.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kris A. Robbins sold 5,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.50, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,596 shares of company stock worth $4,224,884. 8.85% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UMBF has been the subject of several research analyst reports. Citigroup initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. Piper Sandler increased their target price on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Barclays increased their target price 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, Wells Fargo & Company increased their target price on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.