Centiva Capital LP Invests $645,000 in UMB Financial Co. (NASDAQ:UMBF)

Centiva Capital LP acquired a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,135 shares of the bank's stock, valued at approximately $645,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of UMB Financial during the third quarter valued at $26,000. Covestor Ltd boosted its position in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after buying an additional 102 shares during the period. 1620 Investment Advisors Inc. bought a new position in UMB Financial in the 2nd quarter worth about $128,000. Acropolis Investment Management LLC purchased a new position in shares of UMB Financial during the third quarter worth approximately $156,000. Finally, CWM LLC raised its position in 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 in the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the company's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the transaction, the chief executive officer now directly owns 1,600,904 shares of the company's stock, valued at $162,988,036.24. This represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Pauls sold 849 shares of UMB Financial stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $110.42, for a total value of $93,746.58. Following the sale, the executive vice president now directly owns 6,483 shares of the company's stock, valued at approximately $715,852.86. This represents a 11.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,603 shares of company stock valued at $8,353,950 in the last three months. 8.85% of the stock is owned by insiders.

UMB Financial Stock Up 0.7 %

UMBF traded up $0.86 during trading on Friday, hitting $124.95. The stock had a trading volume of 307,256 shares, compared to its average volume of 339,760. The stock has a 50 day simple moving average of $114.87 and a two-hundred day simple moving average of $100.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Co. has a twelve month low of $75.03 and a twelve month high of $129.94. The company has a market capitalization of $6.10 billion, a PE ratio of 15.62 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $716.44 million during the quarter, compared to analysts' expectations of $398.83 million. During the same quarter last year, the firm earned $2.02 EPS. On average, research analysts predict that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. This is an increase from UMB Financial's previous quarterly dividend of $0.39. UMB Financial's dividend payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several research reports. Barclays raised their price target on UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday. Citigroup began coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a "buy" rating and a $127.00 target price on the stock. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. Wells Fargo & Company increased their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada initiated coverage on shares of UMB Financial in a research note on Friday, November 22nd. They issued a "sector perform" rating and a $130.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.00.

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.