UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its holdings in UMB Financial Co. (NASDAQ:UMBF) by 4.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 17,033 shares of the bank’s stock after selling 751 shares during the quarter. Quest Partners LLC’s holdings in UMB Financial were worth $1,790,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new position in UMB Financial in the 3rd quarter valued at about $26,000. Covestor Ltd lifted its stake in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of UMB Financial in the second quarter valued at approximately $128,000. CWM LLC increased its stake in shares of UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after acquiring an additional 129 shares during the period. Finally, Heritage Family Offices LLP bought a new stake in UMB Financial during the third quarter worth approximately $203,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In related news, Director Kris A. Robbins sold 5,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.50, for a total transaction of $512,500.00. Following the transaction, the director now directly owns 3,211 shares of the company’s stock, valued at approximately $329,127.50. The trade was a 60.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated 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 in the company, valued at approximately $162,988,036.24. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,449 shares of company stock valued at $5,724,799 in the last three months. 8.85% of the stock is currently owned by company insiders.

UMB Financial Trading Down 0.2 %

Shares of NASDAQ UMBF opened at $121.25 on Tuesday. The business has a fifty day simple moving average of $108.82 and a 200-day simple moving average of $96.06. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 15.16 and a beta of 0.78. UMB Financial Co. has a 12 month low of $69.96 and a 12 month high of $128.73. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS 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 during the quarter, compared to analysts’ expectations of $398.83 million. During the same period last year, the company posted $2.02 earnings per share. Sell-side analysts predict that UMB Financial Co. will post 9.33 EPS for the current year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. 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 1.32%. The ex-dividend date is Tuesday, December 10th. UMB Financial’s payout ratio is 19.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UMBF shares. Wells Fargo & Company increased their price target on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Barclays raised their target price on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Piper Sandler boosted their price target on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Citigroup initiated coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.00.

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.