UMB Financial Corporation (NASDAQ:UMBF) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. reduced its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 10.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,630 shares of the bank’s stock after selling 441 shares during the period. Atria Wealth Solutions Inc.’s holdings in UMB Financial were worth $368,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC lifted its position in shares of UMB Financial by 442.0% during the first quarter. Rothschild Investment LLC now owns 271 shares of the bank’s stock worth $27,000 after purchasing an additional 221 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of UMB Financial during the first quarter worth $42,000. Versant Capital Management Inc lifted its position in shares of UMB Financial by 703.2% during the first quarter. Versant Capital Management Inc now owns 498 shares of the bank’s stock worth $50,000 after purchasing an additional 436 shares in the last quarter. Fifth Third Bancorp raised its holdings in UMB Financial by 38.1% in the first quarter. Fifth Third Bancorp now owns 624 shares of the bank’s stock valued at $63,000 after acquiring an additional 172 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new stake in UMB Financial in the first quarter valued at $82,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent analyst reports. Barclays upped their price target on shares of UMB Financial from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Royal Bank Of Canada upped their price target on shares of UMB Financial from $115.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Wall Street Zen cut shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Piper Sandler upped their price target on shares of UMB Financial from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Truist Financial upped their price target on shares of UMB Financial from $120.00 to $128.00 and gave the company a “buy” rating in a report on Friday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $132.11.

UMB Financial Stock Up 0.3%

Shares of NASDAQ:UMBF opened at $117.06 on Friday. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The company’s fifty day moving average is $106.22 and its two-hundred day moving average is $103.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.61. The company had revenue of $689.21 million for the quarter, compared to analysts’ expectations of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The firm’s revenue was up 76.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.16 earnings per share. Equities analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 10th. UMB Financial’s dividend payout ratio is 18.39%.

Insiders Place Their Bets

In other UMB Financial news, insider Robert Brian Beaird sold 1,205 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $116.17, for a total transaction of $139,984.85. Following the sale, the insider directly owned 10,147 shares of the company’s stock, valued at approximately $1,178,776.99. This represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greg M. Graves purchased 261 shares of the stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $107.58 per share, with a total value of $28,078.38. Following the transaction, the director directly owned 37,800 shares of the company’s stock, valued at approximately $4,066,524. The trade was a 0.70% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 22,140 shares of company stock valued at $2,496,771. Company insiders own 5.45% of the company’s stock.

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.