UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC reduced its stake in UMB Financial Co. (NASDAQ:UMBF) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,200 shares of the bank’s stock after selling 700 shares during the period. Ceredex Value Advisors LLC’s holdings in UMB Financial were worth $14,796,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UMBF. Millennium Management LLC boosted its holdings in UMB Financial by 567.1% in the 2nd quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock worth $61,208,000 after acquiring an additional 623,751 shares during the period. Vanguard Group Inc. grew its holdings in UMB Financial by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after purchasing an additional 394,578 shares in the last quarter. ProShare Advisors LLC boosted its position in UMB Financial by 102.7% in the 2nd quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after buying an additional 381,278 shares during the last quarter. American Century Companies Inc. boosted its position in UMB Financial by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock valued at $146,196,000 after buying an additional 111,090 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of UMB Financial by 52.1% during the second quarter. AQR Capital Management LLC now owns 299,270 shares of the bank’s stock valued at $24,639,000 after acquiring an additional 102,467 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the 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 sale, the chief executive officer now owns 1,600,904 shares of the company’s stock, valued at $162,988,036.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kris A. Robbins sold 5,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the transaction, the director now owns 3,211 shares of the company’s stock, valued at $329,127.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,038 shares of company stock worth $4,078,068. 8.85% of the stock is owned by insiders.

UMB Financial Stock Performance

UMB Financial stock opened at $108.28 on Friday. The company 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 12 month low of $64.48 and a 12 month high of $113.56. The company has a fifty day moving average price of $105.14 and a two-hundred day moving average price of $93.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.73.

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

UMB Financial Increases Dividend

The business 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 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 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio is presently 19.50%.

Analyst Ratings Changes

UMBF has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday. Barclays increased 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. Piper Sandler upped their price target on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Citigroup assumed coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Two research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.