179,219 Shares in UMB Financial Co. (NASDAQ:UMBF) Acquired by Holocene Advisors LP

Holocene Advisors LP acquired a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 179,219 shares of the bank's stock, valued at approximately $18,838,000. Holocene Advisors LP owned approximately 0.37% of UMB Financial at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Wedge Capital Management L L P NC acquired a new stake in UMB Financial in the 2nd quarter valued at $3,808,000. Dimensional Fund Advisors LP increased its stake in UMB Financial by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank's stock valued at $140,968,000 after buying an additional 100,000 shares during the last quarter. Interval Partners LP acquired a new stake in UMB Financial in the 2nd quarter valued at $3,286,000. Cerity Partners LLC increased its stake in UMB Financial by 767.4% in the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank's stock valued at $2,236,000 after buying an additional 18,817 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in UMB Financial by 229.6% in the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank's stock valued at $4,952,000 after buying an additional 32,820 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

Insider Transactions at UMB Financial

In related news, Director Greg M. Graves acquired 258 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $109.29 per share, with a total value of $28,196.82. Following the purchase, the director now directly owns 36,244 shares in the company, valued at approximately $3,961,106.76. This trade represents a 0.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the company's stock in a transaction that occurred on Tuesday, October 1st. The shares were 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 of the company's stock, valued at approximately $162,988,036.24. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,303 shares of company stock valued at $5,830,165. Company insiders own 8.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UMBF. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Monday. Citigroup started coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a "buy" rating and a $127.00 price objective on the stock. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Morgan Stanley started coverage on shares of UMB Financial in a research note on Thursday, November 21st. They set an "overweight" rating and a $156.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of UMB Financial from $118.00 to $123.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $122.00.

UMB Financial Stock Performance

NASDAQ UMBF traded up $1.42 during trading on Tuesday, reaching $126.14. The company's stock had a trading volume of 220,209 shares, compared to its average volume of 370,706. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 15.77 and a beta of 0.80. UMB Financial Co. has a 12 month low of $73.54 and a 12 month high of $129.94. The firm has a 50 day moving average price of $113.16 and a 200 day moving average price of $99.25.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results 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 net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter in the prior year, the firm posted $2.02 EPS. As a group, equities analysts anticipate that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from UMB Financial's previous quarterly dividend of $0.39. UMB Financial's dividend payout ratio is 19.50%.

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.