Emerald Advisers LLC Takes $12.87 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Emerald Advisers LLC bought a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 122,415 shares of the bank's stock, valued at approximately $12,867,000. Emerald Advisers LLC owned 0.25% of UMB Financial at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in UMB Financial in the 3rd quarter worth $26,000. 1620 Investment Advisors Inc. acquired a new position in shares of UMB Financial in the second quarter worth about $128,000. CWM LLC boosted its holdings in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank's stock valued at $162,000 after purchasing an additional 129 shares during the last quarter. Heritage Family Offices LLP acquired a new stake in UMB Financial during the 3rd quarter valued at approximately $203,000. Finally, Greenleaf Trust purchased a new stake in UMB Financial during the 3rd quarter worth approximately $233,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of UMB Financial from $102.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Barclays raised their price objective on shares of UMB Financial from $118.00 to $123.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup initiated coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a "buy" rating and a $127.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.00.

UMB Financial Stock Performance

Shares of NASDAQ UMBF traded down $1.45 during midday trading on Friday, hitting $108.28. The company's stock had a trading volume of 442,446 shares, compared to its average volume of 364,913. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.76. UMB Financial Co. has a 1-year low of $64.48 and a 1-year high of $113.56. The firm's fifty day moving average price is $105.14 and its 200-day moving average price is $93.31. The firm has a market cap of $5.28 billion, a P/E ratio of 13.54 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same period in the prior year, the company earned $2.02 earnings per share. On average, sell-side analysts forecast that UMB Financial Co. will post 9.09 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given 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 1.48%. UMB Financial's dividend payout ratio (DPR) is currently 19.50%.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the sale, the chief executive officer now owns 1,600,904 shares of the company's stock, valued at $162,988,036.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred 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 completion of 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total value of $512,500.00. Following the sale, the director now directly owns 3,211 shares in the company, valued at $329,127.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,038 shares of company stock worth $4,078,068. 8.85% of the stock is owned by 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.