Thrivent Financial for Lutherans Sells 36,647 Shares of UMB Financial Corporation $UMBF

Thrivent Financial for Lutherans decreased its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 36.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,493 shares of the bank’s stock after selling 36,647 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of UMB Financial worth $6,677,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UMBF. Brooklyn Investment Group raised its position in shares of UMB Financial by 4,840.0% in the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock worth $25,000 after purchasing an additional 242 shares during the last quarter. McIlrath & Eck LLC bought a new stake in UMB Financial during the 1st quarter valued at about $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in UMB Financial in the first quarter worth about $35,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of UMB Financial by 143.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock worth $37,000 after buying an additional 213 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of UMB Financial by 193.5% in the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after buying an additional 267 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $135.00 price target (down previously from $138.00) on shares of UMB Financial in a research report on Thursday, October 30th. Wells Fargo & Company boosted their price target on UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. Morgan Stanley upped their price target on UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Hovde Group began coverage on UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating for the company. Finally, Barclays set a $155.00 target price on UMB Financial and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

UMB Financial Trading Up 0.7%

UMB Financial stock opened at $119.79 on Friday. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $126.14. The company has a market cap of $9.10 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.19 and a beta of 0.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $111.70 and a two-hundred day simple moving average of $112.08.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. The company had revenue of $678.34 million for the quarter, compared to the consensus estimate of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The firm’s revenue was up 67.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 earnings per share. Analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s dividend payout ratio is 19.48%.

Insider Buying and Selling at UMB Financial

In related news, insider Nikki Farentino Newton sold 1,300 shares of UMB Financial stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total transaction of $137,917.00. Following the transaction, the insider directly owned 13,667 shares in the company, valued at approximately $1,449,932.03. The trade was a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 15,367 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $114.58, for a total value of $1,760,750.86. Following the sale, the chief executive officer directly owned 1,521,414 shares of the company’s stock, valued at $174,323,616.12. This represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 17,127 shares of company stock worth $1,949,594. 5.45% of the stock is currently owned by insiders.

UMB Financial 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.