CENTRAL TRUST Co Lowers Stock Position in UMB Financial Co. (NASDAQ:UMBF)

CENTRAL TRUST Co trimmed its stake in UMB Financial Co. (NASDAQ:UMBF) by 19.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,117 shares of the bank’s stock after selling 262 shares during the period. CENTRAL TRUST Co’s holdings in UMB Financial were worth $117,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in UMBF. Greenleaf Trust acquired a new stake in UMB Financial in the 3rd quarter valued at approximately $233,000. Raymond James & Associates grew its stake in shares of UMB Financial by 210.3% in the third quarter. Raymond James & Associates now owns 38,637 shares of the bank’s stock valued at $4,061,000 after buying an additional 26,186 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of UMB Financial in the 3rd quarter valued at $26,000. Heritage Family Offices LLP acquired a new position in UMB Financial during the 3rd quarter worth about $203,000. Finally, CWM LLC lifted its stake in UMB Financial by 29.3% during the 3rd quarter. CWM LLC now owns 2,510 shares of the bank’s stock worth $264,000 after acquiring an additional 569 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UMBF has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Barclays boosted their price target on shares of UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Citigroup started coverage on UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price for the company. Finally, Piper Sandler increased 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. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $111.33.

Insider Activity

In related news, EVP John Pauls sold 1,623 shares of UMB Financial stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $92.97, for a total transaction of $150,890.31. Following the sale, the executive vice president now directly owns 7,332 shares in the company, valued at $681,656.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Amy Harris sold 736 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $95.05, for a total transaction of $69,956.80. Following the transaction, the executive vice president now owns 2,899 shares in the company, valued at $275,549.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Pauls sold 1,623 shares of UMB Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total value of $150,890.31. Following the transaction, the executive vice president now directly owns 7,332 shares in the company, valued at approximately $681,656.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,596 shares of company stock worth $4,224,884. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $104.07 on Monday. UMB Financial Co. has a 12 month low of $61.18 and a 12 month high of $113.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $5.07 billion, a PE ratio of 13.82 and a beta of 0.78. The business’s fifty day moving average price is $104.20 and its 200 day moving average price is $92.22.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.15. The business had revenue of $390.03 million for the quarter, compared to the consensus estimate of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.93 EPS. On average, sell-side analysts anticipate that UMB Financial Co. will post 8.98 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.50%. UMB Financial’s dividend payout ratio is presently 20.72%.

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.