Meritage Portfolio Management Has $1.12 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Meritage Portfolio Management lowered its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 54.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,910 shares of the bank's stock after selling 11,811 shares during the period. Meritage Portfolio Management's holdings in UMB Financial were worth $1,118,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Covestor Ltd raised its stake in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank's stock worth $45,000 after acquiring an additional 102 shares during the period. Heritage Family Offices LLP raised its position in shares of UMB Financial by 6.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank's stock worth $232,000 after purchasing an additional 125 shares during the period. Truist Financial Corp lifted its holdings in shares of UMB Financial by 3.3% in the 2nd quarter. Truist Financial Corp now owns 4,238 shares of the bank's stock worth $354,000 after purchasing an additional 136 shares during the last quarter. Commerce Bank boosted its position in UMB Financial by 0.3% during the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank's stock valued at $4,384,000 after purchasing an additional 142 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank's stock worth $410,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Price Performance

Shares of UMB Financial stock traded down $2.23 on Friday, hitting $114.11. The company had a trading volume of 904,817 shares, compared to its average volume of 999,214. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $5.57 billion, a PE ratio of 12.69 and a beta of 0.82. The business has a 50-day simple moving average of $117.80 and a 200-day simple moving average of $110.60.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter last year, the company posted $2.29 earnings per share. Research analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's payout ratio is currently 17.80%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UMBF shares. Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their target price 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. Piper Sandler upped their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Citigroup reaffirmed a "neutral" rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Morgan Stanley began coverage on UMB Financial in a report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price objective for the company. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $130.14.

Insiders Place Their Bets

In related news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the sale, the chief executive officer now directly owns 1,552,304 shares of the company's stock, valued at approximately $193,960,384.80. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,681 shares of company stock worth $3,201,798. 8.85% of the stock is owned by corporate insiders.

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.