UMB Financial Corporation $UMBF Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors reduced its stake in UMB Financial Corporation (NASDAQ:UMBF) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 460,066 shares of the bank’s stock after selling 5,842 shares during the quarter. Captrust Financial Advisors owned 0.61% of UMB Financial worth $54,449,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its stake in UMB Financial by 3.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock worth $403,000 after purchasing an additional 101 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of UMB Financial by 0.8% in 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 during the period. Farther Finance Advisors LLC lifted its stake in UMB Financial by 219.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. First National Advisers LLC boosted its holdings in UMB Financial by 4.8% during the 3rd quarter. First National Advisers LLC now owns 3,742 shares of the bank’s stock valued at $443,000 after acquiring an additional 172 shares during the period. Finally, Bessemer Group Inc. grew its position in UMB Financial by 72.8% in the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UMBF. Keefe, Bruyette & Woods increased their price target on shares of UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Raymond James Financial reaffirmed a “strong-buy” rating and set a $145.00 target price on shares of UMB Financial in a research note on Thursday, January 29th. Piper Sandler raised their price target on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $141.18.

UMB Financial Stock Performance

Shares of UMBF opened at $109.06 on Thursday. The stock has a 50-day simple moving average of $122.36 and a 200-day simple moving average of $117.88. 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 market capitalization of $8.30 billion, a PE ratio of 11.95, a PEG ratio of 0.79 and a beta of 0.78. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $136.11.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. The firm had revenue of $469.80 million for the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.49 earnings per share. On average, analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

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 dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s payout ratio is 18.84%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 388 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total value of $50,168.40. Following the sale, the director directly owned 12,488 shares of the company’s stock, valued at approximately $1,614,698.40. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Greg M. Graves acquired 220 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average cost of $127.83 per share, with a total value of $28,122.60. Following the completion of the transaction, the director owned 39,541 shares in the company, valued at approximately $5,054,526.03. The trade was a 0.56% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 19,102 shares of company stock valued at $2,458,247. Insiders own 5.45% of the company’s stock.

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.