Alliancebernstein L.P. Sells 33,461 Shares of UMB Financial Corporation $UMBF

Alliancebernstein L.P. lessened its stake in UMB Financial Corporation (NASDAQ:UMBF) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,455,157 shares of the bank’s stock after selling 33,461 shares during the period. Alliancebernstein L.P. owned approximately 1.92% of UMB Financial worth $172,218,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its position in UMB Financial by 3.1% in the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock worth $403,000 after acquiring an additional 101 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of UMB Financial by 0.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 16,560 shares of the bank’s stock valued at $1,960,000 after buying an additional 129 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of UMB Financial by 219.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. First National Advisers LLC lifted its position in UMB Financial by 4.8% in the 3rd quarter. First National Advisers LLC now owns 3,742 shares of the bank’s stock worth $443,000 after buying an additional 172 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in UMB Financial by 72.8% in the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after buying an additional 177 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 15,214 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $128.59, for a total transaction of $1,956,368.26. Following the completion of the sale, the chief executive officer directly owned 1,506,200 shares in the company, valued at approximately $193,682,258. This represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kevin Charles Gallagher sold 388 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the completion of the sale, the director directly owned 12,488 shares in the company, valued at $1,614,698.40. The trade was a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 19,102 shares of company stock valued at $2,458,247 in the last quarter. Insiders own 5.45% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF stock opened at $110.97 on Tuesday. The company has a market capitalization of $8.45 billion, a P/E ratio of 12.15, a PEG ratio of 0.79 and a beta of 0.78. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $136.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50 day moving average price of $122.80 and a two-hundred day moving average price of $118.02.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. During the same quarter last year, the business earned $2.49 earnings per share. The business’s revenue was up 66.0% on a year-over-year basis. Analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 18.84%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Truist Financial set a $150.00 price objective on shares of UMB Financial in a report on Friday, January 30th. Weiss Ratings raised shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Barclays reaffirmed an “overweight” rating and set a $160.00 target price on shares of UMB Financial in a report on Thursday, January 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $141.18.

UMB Financial Company Profile

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.