UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 35.8% during the third quarter, HoldingsChannel reports. The firm owned 13,311 shares of the bank’s stock after purchasing an additional 3,507 shares during the quarter. Intech Investment Management LLC’s holdings in UMB Financial were worth $1,399,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in UMB Financial in the 3rd quarter worth $26,000. Covestor Ltd increased its holdings 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 purchasing an additional 102 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of UMB Financial in the 2nd quarter valued at approximately $128,000. Heritage Family Offices LLP purchased a new position in shares of UMB Financial during the 3rd quarter valued at approximately $203,000. Finally, CWM LLC grew its position in shares of UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on UMBF. Wells Fargo & Company increased their price objective on shares of 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 increased their price target on shares of UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Morgan Stanley initiated coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price for the company. Finally, Piper Sandler upped their price target on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Insiders Place Their Bets

In related news, 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 transaction of $2,473,983.00. Following the sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at $162,988,036.24. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated 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 owns 5,828 shares of the company’s stock, valued at $719,058.64. This represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,303 shares of company stock worth $5,830,165. Insiders own 8.85% of the company’s stock.

UMB Financial Trading Down 1.3 %

Shares of NASDAQ UMBF opened at $125.88 on Wednesday. UMB Financial Co. has a 12-month low of $69.96 and a 12-month high of $129.94. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 15.74 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock’s 50 day simple moving average is $111.68 and its 200 day simple moving average is $98.10.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. During the same period last year, the business posted $2.02 earnings per share. Equities research analysts expect that UMB Financial Co. will post 9.21 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 represents a $1.60 dividend on an annualized basis and a yield of 1.27%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, December 10th. UMB Financial’s payout ratio is presently 20.00%.

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.