Fmr LLC Acquires 24,799 Shares of UMB Financial Co. (NASDAQ:UMBF)

FMR LLC lifted its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 949,687 shares of the bank's stock after purchasing an additional 24,799 shares during the quarter. FMR LLC owned 1.95% of UMB Financial worth $99,822,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in UMB Financial during the third quarter worth about $26,000. Covestor Ltd grew its position in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock worth $45,000 after acquiring an additional 102 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in UMB Financial in the 2nd quarter valued at $128,000. CWM LLC boosted its stake in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank's stock worth $162,000 after purchasing an additional 129 shares in the last quarter. Finally, Heritage Family Offices LLP bought a new stake in shares of UMB Financial during the third quarter worth $203,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UMBF shares. Barclays upped their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research report on Thursday. Wells Fargo & Company upped 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 report on Thursday, October 31st. Royal Bank of Canada started coverage on shares of UMB Financial in a report on Friday, November 22nd. They issued a "sector perform" rating and a $130.00 price target for the company. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They set a "buy" rating and a $127.00 price objective on the stock. Finally, Morgan Stanley began coverage on UMB Financial in a research note on Thursday, November 21st. They issued an "overweight" rating and a $156.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial has an average rating of "Moderate Buy" and a consensus price target of $124.00.

UMB Financial Trading Down 2.4 %

Shares of UMB Financial stock traded down $3.04 during trading on Thursday, reaching $124.09. 442,105 shares of the company were exchanged, compared to its average volume of 365,055. The business has a 50-day moving average price of $114.45 and a 200-day moving average price of $99.89. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 15.51 and a beta of 0.80. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a twelve month low of $75.03 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same period in the previous year, the company earned $2.02 EPS. Sell-side analysts anticipate that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, December 10th. This is a positive change from UMB Financial's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.29%. UMB Financial's dividend payout ratio (DPR) is 19.50%.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kris A. Robbins sold 5,000 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the transaction, the director now directly owns 3,211 shares of the company's stock, valued at approximately $329,127.50. This trade represents a 60.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,603 shares of company stock valued at $8,866,450 over the last three months. 8.85% of the stock is currently owned by corporate insiders.

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.