Paragon Capital Management LLC Sells 2,540 Shares of UMB Financial Co. (NASDAQ:UMBF)

Paragon Capital Management LLC reduced its position in UMB Financial Co. (NASDAQ:UMBF) by 16.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,263 shares of the bank’s stock after selling 2,540 shares during the quarter. UMB Financial comprises about 0.8% of Paragon Capital Management LLC’s holdings, making the stock its 21st biggest holding. Paragon Capital Management LLC’s holdings in UMB Financial were worth $1,497,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UMBF. Principal Financial Group Inc. boosted its position in shares of UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after acquiring an additional 694,751 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of UMB Financial in the third quarter valued at approximately $48,531,000. Captrust Financial Advisors boosted its position in shares of UMB Financial by 258.0% in the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after acquiring an additional 282,783 shares during the period. Systematic Financial Management LP lifted its position in UMB Financial by 438.8% during the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock valued at $33,693,000 after purchasing an additional 261,055 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in UMB Financial during the third quarter valued at approximately $18,838,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Trading Down 0.9 %

Shares of UMBF opened at $102.67 on Friday. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 11.42 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The firm has a 50 day moving average price of $111.38 and a 200-day moving average price of $112.32.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the business earned $2.29 EPS. As a group, equities research analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is 17.80%.

Insider Buying and Selling

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on UMBF shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Morgan Stanley dropped their target price on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Citigroup reiterated a “neutral” rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Barclays lifted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $128.71.

UMB Financial Company 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.