Sanibel Captiva Trust Company Inc. Grows Stake in UMB Financial Co. (NASDAQ:UMBF)

Sanibel Captiva Trust Company Inc. increased its holdings in UMB Financial Co. (NASDAQ:UMBF) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,863 shares of the bank’s stock after purchasing an additional 289 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in UMB Financial were worth $549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in shares of UMB Financial in the third quarter worth $26,000. Covestor Ltd increased its holdings in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. USA Financial Formulas lifted its stake in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of UMB Financial during the third quarter valued at about $83,000. Finally, Acropolis Investment Management LLC purchased a new stake in shares of UMB Financial in the third quarter worth about $156,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Trading Up 1.7 %

NASDAQ UMBF opened at $119.58 on Monday. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94. The company’s 50-day moving average price is $119.41 and its 200-day moving average price is $107.72. The stock has a market cap of $5.84 billion, a PE ratio of 14.95 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the previous year, the firm posted $2.02 earnings per share. Equities research analysts forecast that UMB Financial Co. will post 9.23 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.34%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio (DPR) is currently 20.00%.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the sale, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at approximately $171,581,813.32. This trade represents a 1.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the transaction, the insider now directly owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,303 shares of company stock valued at $5,879,967 over the last three months. 8.85% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. Citigroup started coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Barclays boosted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Royal Bank of Canada initiated coverage on UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

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.