Emerald Mutual Fund Advisers Trust Acquires Shares of 92,994 UMB Financial Co. (NASDAQ:UMBF)

Emerald Mutual Fund Advisers Trust bought a new position in shares of UMB Financial Co. (NASDAQ:UMBF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 92,994 shares of the bank’s stock, valued at approximately $9,775,000. Emerald Mutual Fund Advisers Trust owned about 0.19% of UMB Financial at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UMBF. V Square Quantitative Management LLC purchased a new position in UMB Financial during the 3rd quarter worth $26,000. 1620 Investment Advisors Inc. purchased a new stake in UMB Financial during the 2nd quarter valued at approximately $128,000. Heritage Family Offices LLP acquired a new stake in UMB Financial during the 3rd quarter worth approximately $203,000. CWM LLC grew its stake in shares of UMB Financial by 7.1% in the 2nd 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 last quarter. Finally, Greenleaf Trust acquired a new position in shares of UMB Financial in the third quarter valued at approximately $233,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UMB Financial

In other UMB Financial news, EVP John Pauls sold 1,623 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total value of $150,890.31. Following the sale, the executive vice president now owns 7,332 shares of the company’s stock, valued at approximately $681,656.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO J Mariner Kemper sold 10,115 shares of UMB Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $93.00, for a total transaction of $940,695.00. Following the completion of the transaction, the chief executive officer now directly owns 257,796 shares in the company, valued at $23,975,028. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Pauls sold 1,623 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total value of $150,890.31. Following the completion of the transaction, the executive vice president now directly owns 7,332 shares of the company’s stock, valued at approximately $681,656.04. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,038 shares of company stock valued at $4,078,068 in the last ninety days. Corporate insiders own 8.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UMBF. Wells Fargo & Company increased their price target on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Barclays lifted their target price on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Piper Sandler increased their price target on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $108.28 on Friday. The firm’s fifty day simple moving average is $105.14 and its 200-day simple moving average is $93.21. The company has a quick ratio of 0.73, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.28 billion, a PE ratio of 13.54 and a beta of 0.78. UMB Financial Co. has a fifty-two week low of $64.48 and a fifty-two week high of $113.56.

UMB Financial (NASDAQ:UMBF) last issued 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. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same period in the prior year, the business posted $2.02 earnings per share. Analysts expect that UMB Financial Co. will post 9.09 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a $0.40 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is presently 19.50%.

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.