UMB Financial Corporation $UMBF Stock Sold by Vest Financial LLC

Vest Financial LLC reduced its position in UMB Financial Corporation (NASDAQ:UMBF) by 21.0% in the third quarter, HoldingsChannel.com reports. The firm owned 48,112 shares of the bank’s stock after selling 12,751 shares during the period. Vest Financial LLC’s holdings in UMB Financial were worth $6,255,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. First National Bank of Omaha purchased a new stake in UMB Financial during the 2nd quarter valued at approximately $1,053,000. Bank of America Corp DE bought a new stake in shares of UMB Financial during the second quarter valued at approximately $129,153,000. BlackRock Inc. bought a new stake in shares of UMB Financial during the second quarter valued at approximately $1,458,386,000. Ceredex Value Advisors LLC purchased a new position in shares of UMB Financial in the second quarter worth $14,112,000. Finally, Freestone Grove Partners LP purchased a new position in shares of UMB Financial in the second quarter worth $7,161,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Phillip Mason sold 800 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total transaction of $117,600.00. Following the sale, the insider directly owned 8,894 shares in the company, valued at approximately $1,307,418. This represents a 8.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J. Kemper sold 15,062 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total value of $2,237,460.10. Following the sale, the chief executive officer directly owned 1,491,138 shares in the company, valued at $221,508,549.90. The trade was a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,544 shares of company stock worth $3,775,862. Insiders own 5.33% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of UMB Financial from $160.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 29th. Royal Bank Of Canada reduced their price target on shares of UMB Financial from $170.00 to $168.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th. Barclays reiterated an “overweight” rating and issued a $175.00 price target (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $162.86.

UMB Financial Trading Up 2.4%

UMBF stock opened at $136.16 on Friday. The firm has a fifty day moving average price of $137.38 and a 200 day moving average price of $135.60. UMB Financial Corporation has a fifty-two week low of $68.92 and a fifty-two week high of $144.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $10.34 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.62 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.45. The company had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter in the previous year, the business posted $2.96 earnings per share. Sell-side analysts anticipate that UMB Financial Corporation will post 13.53 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, September 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio is 16.65%.

UMB Financial Profile

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.