PDT Partners LLC Trims Stock Position in UMB Financial Co. (NASDAQ:UMBF)

PDT Partners LLC decreased its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,916 shares of the bank’s stock after selling 200 shares during the quarter. PDT Partners LLC’s holdings in UMB Financial were worth $937,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in UMBF. Price T Rowe Associates Inc. MD lifted its stake in UMB Financial by 5.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,755 shares of the bank’s stock valued at $2,589,000 after buying an additional 1,633 shares during the last quarter. CWM LLC lifted its position in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after purchasing an additional 129 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of UMB Financial by 37.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,553 shares of the bank’s stock valued at $380,000 after buying an additional 1,246 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in shares of UMB Financial during the 2nd quarter worth $3,808,000. Finally, AlphaMark Advisors LLC purchased a new position in shares of UMB Financial during the 2nd quarter worth approximately $321,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Down 0.4 %

Shares of UMBF opened at $125.49 on Monday. UMB Financial Co. has a 52 week low of $71.04 and a 52 week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $6.12 billion, a P/E ratio of 15.69 and a beta of 0.78. The company has a 50-day simple moving average of $112.80 and a 200-day simple moving average of $98.97.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.05. The business had revenue of $716.44 million for the quarter, compared to analyst estimates 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 prior year, the firm earned $2.02 EPS. On average, equities research analysts expect that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s payout ratio is currently 19.50%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays boosted their price target on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. StockNews.com cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. Royal Bank of Canada started coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective on the stock. Citigroup started coverage on UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Finally, Morgan Stanley began coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

Insider Activity

In other news, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction 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 $719,058.64. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the transaction, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,303 shares of company stock valued at $5,830,165 in the last 90 days. 8.85% of the stock is owned by company insiders.

About UMB Financial

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.