UMB Financial Corporation $UMBF Holdings Cut by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,540 shares of the bank’s stock after selling 7,953 shares during the period. Thrivent Financial for Lutherans owned 0.07% of UMB Financial worth $6,573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UMBF. Farther Finance Advisors LLC boosted its position in UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after purchasing an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after purchasing an additional 267 shares in the last quarter. Covestor Ltd lifted its holdings in shares of UMB Financial by 46.2% during the 3rd quarter. Covestor Ltd now owns 798 shares of the bank’s stock valued at $94,000 after buying an additional 252 shares during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in shares of UMB Financial by 8,790.9% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock valued at $116,000 after buying an additional 967 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of UMB Financial by 30.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,152 shares of the bank’s stock valued at $136,000 after buying an additional 268 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a research report on Thursday, January 29th. TD Cowen restated a “buy” rating on shares of UMB Financial in a report on Thursday, January 29th. Piper Sandler upped their price objective on shares of UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Raymond James Financial reissued a “strong-buy” rating and set a $145.00 target price on shares of UMB Financial in a research report on Thursday, January 29th. Finally, Weiss Ratings cut UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, UMB Financial has an average rating of “Moderate Buy” and an average target price of $141.00.

UMB Financial Stock Up 1.7%

UMBF stock opened at $134.32 on Friday. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 0.95 and a beta of 0.79. The company has a 50-day moving average of $120.66 and a two-hundred day moving average of $116.55. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $136.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The business had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $677.30 million. During the same quarter in the previous year, the firm earned $2.49 EPS. The firm’s revenue was up 66.0% compared to the same quarter last year. As a group, equities research analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be paid a $0.43 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is presently 18.84%.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 15,367 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the completion of the transaction, the chief executive officer directly owned 1,521,414 shares in the company, valued at $174,323,616.12. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Greg M. Graves purchased 220 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was bought at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the completion of the transaction, the director directly owned 39,541 shares in the company, valued at approximately $5,054,526.03. The trade was a 0.56% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 34,929 shares of company stock valued at $4,269,924. 5.45% of the stock is owned by company insiders.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.