Natixis Advisors LLC Grows Holdings in UMB Financial Co. (NASDAQ:UMBF)

Natixis Advisors LLC increased its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 51.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 28,935 shares of the bank’s stock after purchasing an additional 9,803 shares during the period. Natixis Advisors LLC owned approximately 0.06% of UMB Financial worth $3,041,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of UMB Financial during the third quarter worth $26,000. Covestor Ltd lifted its stake in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in UMB Financial during the 2nd quarter valued at about $128,000. CWM LLC grew its position in 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 acquiring an additional 129 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in UMB Financial during the third quarter worth about $203,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity

In other UMB Financial news, Director Greg M. Graves bought 258 shares of UMB Financial stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $109.29 per share, with a total value of $28,196.82. Following the completion of the acquisition, the director now owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. This represents a 0.72 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,303 shares of company stock valued at $5,830,165. Insiders own 8.85% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent research reports. Piper Sandler upped their target price on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday. Morgan Stanley initiated coverage on UMB Financial in a report on Thursday. They issued an “overweight” rating and a $156.00 target price for the company. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. Finally, Barclays lifted their price objective on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $122.00.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $125.00 on Friday. The stock’s 50-day simple moving average is $110.81 and its 200-day simple moving average is $97.26. 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 $6.10 billion, a PE ratio of 15.63 and a beta of 0.78. UMB Financial Co. has a fifty-two week low of $69.96 and a fifty-two week high of $128.73.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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 previous year, the firm earned $2.02 EPS. As a group, equities research analysts forecast that UMB Financial Co. will post 9.33 EPS for the current fiscal year.

UMB Financial Increases Dividend

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

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.