UMB Financial Corporation $UMBF Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its position in UMB Financial Corporation (NASDAQ:UMBF) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,316 shares of the bank’s stock after selling 8,356 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 0.15% of UMB Financial worth $13,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in UMBF. Royal Bank of Canada increased its holdings in UMB Financial by 28.2% during the 1st quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after acquiring an additional 9,417 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of UMB Financial by 47.0% in the first quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock valued at $570,000 after purchasing an additional 1,803 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of UMB Financial by 65.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock valued at $21,017,000 after purchasing an additional 82,083 shares during the last quarter. Jane Street Group LLC increased its stake in shares of UMB Financial by 161.7% during the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock worth $5,043,000 after purchasing an additional 30,820 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of UMB Financial by 1.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,540 shares of the bank’s stock worth $2,156,000 after purchasing an additional 207 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their target price on UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the company an “outperform” rating in a research report on Monday, January 12th. Piper Sandler reiterated an “overweight” rating and set a $145.00 price objective (down previously from $148.00) on shares of UMB Financial in a research report on Thursday, October 30th. Barclays set a $155.00 target price on shares of UMB Financial and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Finally, Hovde Group initiated coverage on shares of UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.10.

Insider Activity at UMB Financial

In other UMB Financial news, insider Nikki Farentino Newton sold 1,300 shares of UMB Financial stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total value of $137,917.00. Following the transaction, the insider owned 13,667 shares in the company, valued at $1,449,932.03. This trade represents a 8.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Greg M. Graves acquired 264 shares of the stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of $106.41 per share, with a total value of $28,092.24. Following the completion of the purchase, the director directly owned 38,411 shares in the company, valued at approximately $4,087,314.51. This trade represents a 0.69% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 17,127 shares of company stock worth $1,949,594. Company insiders own 5.45% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $125.07 on Friday. The stock has a fifty day moving average price of $116.41 and a 200 day moving average price of $114.64. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.18. The firm has a market capitalization of $9.50 billion, a P/E ratio of 14.16, a PEG ratio of 1.02 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.48 by $0.22. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The company had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. During the same quarter in the previous year, the business earned $2.25 EPS. The firm’s revenue was up 67.0% on a year-over-year basis. Equities research analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 10th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is currently 19.48%.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.