UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,298 shares of the bank’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in UMB Financial were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UMBF. Atria Investments Inc grew its stake in UMB Financial by 49.1% in the 3rd quarter. Atria Investments Inc now owns 7,619 shares of the bank’s stock valued at $801,000 after acquiring an additional 2,509 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in UMB Financial in the 3rd quarter valued at about $831,000. Natixis Advisors LLC grew its stake in UMB Financial by 51.2% in the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after acquiring an additional 9,803 shares during the last quarter. Commerce Bank grew its stake in UMB Financial by 0.3% in the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after acquiring an additional 142 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its stake in UMB Financial by 1.7% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 552,159 shares of the bank’s stock valued at $58,037,000 after acquiring an additional 9,400 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UMBF shares. Citigroup reissued a “neutral” rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Piper Sandler upped their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Morgan Stanley reduced their target price on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.71.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

UMB Financial Trading Up 0.4 %

Shares of UMBF stock opened at $102.36 on Wednesday. The firm has a market cap of $7.43 billion, a P/E ratio of 11.39 and a beta of 0.79. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day simple moving average is $111.67 and its 200-day simple moving average is $112.45.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the company posted $2.29 EPS. As a group, equities analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.56%. UMB Financial’s payout ratio is currently 17.80%.

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.