Ameritas Investment Partners Inc. Has $2.24 Million Stock Holdings in UMB Financial Corporation $UMBF

Ameritas Investment Partners Inc. grew its stake in UMB Financial Corporation (NASDAQ:UMBF) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,280 shares of the bank’s stock after acquiring an additional 992 shares during the period. Ameritas Investment Partners Inc.’s holdings in UMB Financial were worth $2,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers grew its stake in UMB Financial by 88.1% in the first quarter. Cetera Investment Advisers now owns 3,963 shares of the bank’s stock valued at $401,000 after purchasing an additional 1,856 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of UMB Financial by 61.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,809 shares of the bank’s stock valued at $1,902,000 after buying an additional 7,164 shares during the last quarter. LPL Financial LLC grew its stake in shares of UMB Financial by 23.5% in the first quarter. LPL Financial LLC now owns 25,104 shares of the bank’s stock valued at $2,538,000 after buying an additional 4,775 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of UMB Financial in the first quarter valued at $391,000. Finally, Federated Hermes Inc. increased its holdings in UMB Financial by 28.4% during the first quarter. Federated Hermes Inc. now owns 152,200 shares of the bank’s stock worth $15,387,000 after buying an additional 33,673 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Morgan Stanley increased their price target on shares of UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Piper Sandler reiterated an “overweight” rating and issued a $145.00 target price (down from $148.00) on shares of UMB Financial in a research note on Thursday, October 30th. Royal Bank Of Canada upgraded UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 price target for the company in a report on Thursday, November 6th. Wells Fargo & Company upped their price objective on UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Finally, Cowen started coverage on UMB Financial in a research note on Wednesday, September 24th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.20.

Insider Buying and Selling

In related news, insider Nikki Farentino Newton sold 1,300 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total transaction of $137,917.00. Following the sale, the insider owned 13,667 shares of the company’s stock, valued at $1,449,932.03. This represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shannon Andresen Johnson sold 1,367 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total value of $164,832.86. Following the transaction, the insider owned 34,124 shares in the company, valued at approximately $4,114,671.92. This trade represents a 3.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have acquired 683 shares of company stock valued at $75,961 and have sold 3,127 shares valued at $353,676. Company insiders own 5.45% of the company’s stock.

UMB Financial Stock Up 2.7%

UMBF opened at $112.20 on Wednesday. The stock has a fifty day moving average of $113.04 and a 200-day moving average of $110.66. The company has a market capitalization of $8.52 billion, a P/E ratio of 12.71, a P/E/G ratio of 1.11 and a beta of 0.80. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $128.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.77 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The business had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. During the same period last year, the firm earned $2.25 earnings per share. UMB Financial’s revenue for the quarter was up 67.0% compared to the same quarter last year. On average, equities analysts expect that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be given a $0.43 dividend. The ex-dividend date is Wednesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. UMB Financial’s dividend payout ratio (DPR) is presently 19.48%.

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.