Greenleaf Trust Has $245,000 Position in UMB Financial Corporation $UMBF

Greenleaf Trust reduced its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 7.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,331 shares of the bank’s stock after selling 196 shares during the quarter. Greenleaf Trust’s holdings in UMB Financial were worth $245,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group boosted its holdings in shares of UMB Financial by 4,840.0% during the first quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock worth $25,000 after purchasing an additional 242 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of UMB Financial during the first quarter worth approximately $27,000. McIlrath & Eck LLC acquired a new stake in shares of UMB Financial during the first quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of UMB Financial during the first quarter worth approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of UMB Financial by 143.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock worth $37,000 after purchasing an additional 213 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other UMB Financial news, insider Phillip James Mason sold 750 shares of UMB Financial stock in a transaction on Monday, August 25th. The shares were sold at an average price of $120.97, for a total transaction of $90,727.50. Following the sale, the insider owned 8,815 shares in the company, valued at $1,066,350.55. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shannon Andresen Johnson sold 1,367 shares of UMB Financial stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total transaction of $164,832.86. Following the sale, the insider owned 34,124 shares in the company, valued at $4,114,671.92. This represents a 3.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 678 shares of company stock valued at $75,948 and have sold 20,845 shares valued at $2,440,666. 5.45% of the stock is currently owned by corporate insiders.

UMB Financial Stock Up 1.0%

UMBF opened at $119.50 on Friday. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The firm’s fifty day moving average price is $117.74 and its two-hundred day moving average price is $106.78. The company has a market capitalization of $9.07 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.35 and a beta of 0.73.

UMB Financial (NASDAQ:UMBF) last posted its quarterly 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. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The firm had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same quarter in the previous year, the company earned $2.16 earnings per share. The business’s revenue was up 76.7% compared to the same quarter last year. On average, analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. UMB Financial’s payout ratio is currently 18.39%.

Analyst Ratings Changes

Several analysts recently commented on UMBF shares. Raymond James Financial raised their price target on shares of UMB Financial from $135.00 to $138.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 31st. Cowen assumed coverage on shares of UMB Financial in a research report on Wednesday, September 24th. They set a “buy” rating on the stock. Barclays raised their price objective on shares of UMB Financial from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Wells Fargo & Company raised their price objective on shares of UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Finally, Royal Bank Of Canada raised their price objective on shares of UMB Financial from $115.00 to $122.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $136.90.

UMB Financial 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.