Atria Investments Inc Purchases 2,509 Shares of UMB Financial Co. (NASDAQ:UMBF)

Atria Investments Inc raised its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 49.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,619 shares of the bank’s stock after purchasing an additional 2,509 shares during the period. Atria Investments Inc’s holdings in UMB Financial were worth $801,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in UMB Financial in the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. purchased a new stake in shares of UMB Financial in the 2nd quarter valued at $128,000. CWM LLC grew its holdings in shares of UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after purchasing an additional 129 shares during the last quarter. Heritage Family Offices LLP purchased a new position in UMB Financial in the 3rd quarter worth $203,000. Finally, Greenleaf Trust purchased a new position in UMB Financial in the 3rd quarter worth $233,000. Institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the company’s 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 in the company, valued at approximately $162,988,036.24. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the transaction, the director now owns 3,211 shares of the company’s stock, valued at $329,127.50. The trade was a 60.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,449 shares of company stock valued at $5,724,799. 8.85% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UMBF. Barclays raised their price objective on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Piper Sandler increased their price objective on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Wells Fargo & Company lifted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, UMB Financial has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

UMB Financial Stock Down 0.2 %

Shares of NASDAQ UMBF opened at $121.25 on Tuesday. The firm has a fifty day simple moving average of $108.82 and a two-hundred day simple moving average of $96.06. The firm has a market capitalization of $5.92 billion, a PE ratio of 15.22 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. UMB Financial Co. has a 12 month low of $69.96 and a 12 month high of $128.73.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. The business had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same period in the previous year, the firm posted $2.02 EPS. Equities analysts expect that UMB Financial Co. will post 9.33 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a $0.40 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.32%. UMB Financial’s dividend payout ratio is 19.50%.

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.