LexAurum Advisors LLC Takes Position in UMB Financial Co. (NASDAQ:UMBF)

LexAurum Advisors LLC purchased a new position in shares of UMB Financial Co. (NASDAQ:UMBF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,128 shares of the bank’s stock, valued at approximately $353,000.

Several other institutional investors also recently modified their holdings of UMBF. Covestor Ltd lifted 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 buying an additional 102 shares during the period. Heritage Family Offices LLP lifted its stake in shares of UMB Financial by 6.5% in the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock worth $232,000 after acquiring an additional 125 shares during the period. Truist Financial Corp boosted its holdings in UMB Financial by 3.3% in the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock valued at $354,000 after acquiring an additional 136 shares during the last quarter. Commerce Bank boosted its holdings in UMB Financial by 0.3% in the third 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, Crossmark Global Holdings Inc. increased its position in UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock valued at $410,000 after purchasing an additional 186 shares during the period. Institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of recent analyst reports. Royal Bank of Canada began coverage on shares of UMB Financial in a research report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price target on the stock. StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Wells Fargo & Company increased their price target on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley assumed coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. Finally, Barclays raised their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $121.04 on Friday. The business has a 50-day simple moving average of $119.05 and a 200 day simple moving average of $108.71. The firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 15.13 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping 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 analyst estimates of $398.83 million. During the same period in the prior year, the firm earned $2.02 earnings per share. On average, research analysts anticipate that UMB Financial Co. will post 9.23 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.40 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is currently 20.00%.

Insider Buying and Selling

In related news, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares in the company, valued at approximately $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the transaction, the chief executive officer now owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,303 shares of company stock worth $5,879,967 in the last quarter. Insiders own 8.85% of the company’s stock.

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.