UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Paragon Capital Management LLC

Paragon Capital Management LLC lessened its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,263 shares of the bank's stock after selling 2,540 shares during the quarter. UMB Financial comprises 0.8% of Paragon Capital Management LLC's investment portfolio, making the stock its 21st largest position. Paragon Capital Management LLC's holdings in UMB Financial were worth $1,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. USA Financial Formulas increased its position in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after acquiring an additional 268 shares during the period. Point72 Asset Management L.P. purchased a new position in UMB Financial during the third quarter valued at $83,000. Venturi Wealth Management LLC purchased a new position in shares of UMB Financial in the 4th quarter worth about $96,000. Steward Partners Investment Advisory LLC bought a new position in shares of UMB Financial in the fourth quarter worth approximately $103,000. Finally, R Squared Ltd bought a new position in UMB Financial in the 4th quarter valued at approximately $117,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

UMB Financial Stock Down 0.2 %

Shares of UMB Financial stock traded down $0.22 during trading on Tuesday, reaching $105.05. The company's stock had a trading volume of 530,603 shares, compared to its average volume of 466,513. The company has a 50-day simple moving average of $111.08 and a two-hundred day simple moving average of $112.47. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 11.69 and a beta of 0.79. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94.

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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 for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the firm posted $2.29 EPS. As a group, equities analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, March 10th. UMB Financial's dividend payout ratio is currently 17.80%.

Wall Street Analyst Weigh In

UMBF has been the topic of several research reports. Barclays raised their target price on UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Royal Bank of Canada restated a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Piper Sandler increased their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Morgan Stanley dropped their target price on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Citigroup reaffirmed a "neutral" rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.71.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company's stock.

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.