UMB Financial Co. (NASDAQ:UMBF) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 81.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,513 shares of the bank's stock after selling 101,690 shares during the quarter. BNP Paribas Financial Markets' holdings in UMB Financial were worth $2,366,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UMBF. V Square Quantitative Management LLC purchased a new position in UMB Financial in the third quarter worth $26,000. Covestor Ltd increased its position in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after buying an additional 102 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in UMB Financial in the second quarter valued at about $128,000. Heritage Family Offices LLP acquired a new stake in UMB Financial in the third quarter worth about $203,000. Finally, CWM LLC grew its stake in shares of UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank's stock worth $162,000 after acquiring an additional 129 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

UMB Financial Stock Performance

UMBF stock traded up $0.86 during trading on Friday, hitting $124.95. 307,256 shares of the company traded hands, compared to its average volume of 339,760. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial Co. has a 1 year low of $75.03 and a 1 year high of $129.94. The stock's 50-day simple moving average is $114.87 and its 200 day simple moving average is $100.17. The company has a market cap of $6.10 billion, a PE ratio of 15.62 and a beta of 0.80.

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, beating the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million during the quarter, compared to analysts' expectations of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same period in the previous year, the business posted $2.02 EPS. On average, equities analysts expect that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Tuesday, December 10th. This is a positive change from UMB Financial's previous quarterly dividend of $0.39. UMB Financial's payout ratio is currently 20.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on UMBF. Barclays lifted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research note on Thursday. Citigroup initiated 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 for the company. Morgan Stanley began coverage on UMB Financial in a research report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 target price on the stock. Royal Bank of Canada initiated coverage on UMB Financial in a research report on Friday, November 22nd. They set a "sector perform" rating and a $130.00 price target for the company. Finally, StockNews.com lowered UMB Financial from a "hold" rating to a "sell" rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

Insider Buying and Selling

In related news, insider Robert Brian Beaird sold 854 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the sale, the chief executive officer now owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,603 shares of company stock valued at $8,353,950. 8.85% of the stock is owned by company 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.