Comerica Bank Reduces Position in UMB Financial Co. (NASDAQ:UMBF)

Comerica Bank lowered its position in shares of UMB Financial Co. (NASDAQ:UMBFGet Rating) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,638 shares of the bank’s stock after selling 170 shares during the period. Comerica Bank’s holdings in UMB Financial were worth $1,741,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new stake in UMB Financial during the 2nd quarter valued at $26,000. Bartlett & Co. LLC boosted its holdings in shares of UMB Financial by 1,081.6% during the third quarter. Bartlett & Co. LLC now owns 449 shares of the bank’s stock worth $38,000 after purchasing an additional 411 shares during the period. Pinebridge Investments L.P. boosted its holdings in shares of UMB Financial by 428.0% during the second quarter. Pinebridge Investments L.P. now owns 528 shares of the bank’s stock worth $45,000 after purchasing an additional 428 shares during the period. Parallel Advisors LLC boosted its holdings in shares of UMB Financial by 38.5% during the second quarter. Parallel Advisors LLC now owns 561 shares of the bank’s stock worth $48,000 after purchasing an additional 156 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in UMB Financial by 79.1% in the 2nd quarter. Captrust Financial Advisors now owns 1,026 shares of the bank’s stock worth $89,000 after buying an additional 453 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Insider Activity

In other news, EVP Uma Wilson sold 515 shares of UMB Financial stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $85.00, for a total transaction of $43,775.00. Following the completion of the transaction, the executive vice president now directly owns 12,657 shares in the company, valued at $1,075,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Uma Wilson sold 515 shares of UMB Financial stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $85.00, for a total value of $43,775.00. Following the completion of the transaction, the executive vice president now owns 12,657 shares of the company’s stock, valued at approximately $1,075,845. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO J Mariner Kemper sold 2,374 shares of UMB Financial stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $82.21, for a total transaction of $195,166.54. Following the completion of the transaction, the chief executive officer now directly owns 212,024 shares of the company’s stock, valued at $17,430,493.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,223 shares of company stock worth $424,330. Insiders own 9.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on UMBF shares. Raymond James dropped their price objective on UMB Financial from $110.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, October 27th. StockNews.com began coverage on UMB Financial in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company dropped their target price on shares of UMB Financial from $95.00 to $90.00 and set an “equal weight” rating for the company in a research report on Thursday, October 27th. Finally, Piper Sandler dropped their target price on shares of UMB Financial to $92.00 in a research report on Thursday, September 29th.

UMB Financial Price Performance

Shares of UMBF stock opened at $85.13 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.15. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 10.11 and a beta of 0.82. The business’s fifty day moving average is $82.99 and its 200 day moving average is $86.93. UMB Financial Co. has a twelve month low of $76.97 and a twelve month high of $106.08.

UMB Financial (NASDAQ:UMBFGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The bank reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.34). UMB Financial had a return on equity of 14.86% and a net margin of 26.68%. The business had revenue of $368.66 million during the quarter, compared to the consensus estimate of $372.77 million. Research analysts expect that UMB Financial Co. will post 8.85 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Monday, December 12th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, December 9th. UMB Financial’s dividend payout ratio (DPR) is presently 18.05%.

About UMB Financial

(Get Rating)

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. 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, accounts receivable financing, 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.

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Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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