Captrust Financial Advisors Reduces Stake in UMB Financial Corporation $UMBF

Captrust Financial Advisors lessened its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 460,066 shares of the bank’s stock after selling 5,842 shares during the period. Captrust Financial Advisors’ holdings in UMB Financial were worth $54,449,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in UMB Financial by 219.2% in 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings in UMB Financial by 193.5% during the second 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. Bessemer Group Inc. lifted its position in shares of UMB Financial by 72.8% during the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after buying an additional 177 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of UMB Financial by 88.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock worth $50,000 after buying an additional 199 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of UMB Financial by 168.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock valued at $89,000 after buying an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

UMBF has been the topic of a number of recent analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a research report on Thursday, January 29th. Citigroup boosted their price target on shares of UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Weiss Ratings raised UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Finally, TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, UMB Financial presently has a consensus rating of “Buy” and an average price target of $141.18.

UMB Financial Stock Performance

Shares of UMBF opened at $109.06 on Thursday. The company’s 50 day simple moving average is $122.36 and its 200-day simple moving average is $117.88. The firm has a market cap of $8.30 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $136.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

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

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s dividend payout ratio is presently 18.84%.

Insider Transactions at UMB Financial

In other news, Director Kevin Charles Gallagher sold 388 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total transaction of $50,168.40. Following the completion of the sale, the director owned 12,488 shares in the company, valued at approximately $1,614,698.40. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Greg M. Graves purchased 220 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average cost of $127.83 per share, for a total transaction of $28,122.60. Following the acquisition, the director owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. The trade was a 0.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 19,102 shares of company stock worth $2,458,247. Company insiders own 5.45% of the company’s stock.

About UMB Financial

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.