Azora Capital LP Sells 10,964 Shares of UMB Financial Co. (NASDAQ:UMBF)

Azora Capital LP trimmed its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,978 shares of the bank's stock after selling 10,964 shares during the period. UMB Financial comprises about 2.3% of Azora Capital LP's investment portfolio, making the stock its 18th biggest position. Azora Capital LP owned about 0.82% of UMB Financial worth $42,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC acquired a new stake in UMB Financial in the 2nd quarter worth $3,808,000. Dimensional Fund Advisors LP boosted its position in shares of UMB Financial by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank's stock valued at $140,968,000 after acquiring an additional 100,000 shares in the last quarter. Interval Partners LP acquired a new stake in shares of UMB Financial during the 2nd quarter valued at about $3,286,000. Cerity Partners LLC boosted its position in shares of UMB Financial by 767.4% during the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank's stock valued at $2,236,000 after acquiring an additional 18,817 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of UMB Financial by 229.6% during the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank's stock valued at $4,952,000 after acquiring an additional 32,820 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Robert Brian Beaird sold 854 shares of the stock in a transaction on 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 approximately $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Greg M. Graves bought 258 shares of UMB Financial stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $109.29 per share, with a total value of $28,196.82. Following the acquisition, the director now directly owns 36,244 shares of the company's stock, valued at $3,961,106.76. The trade was a 0.72 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 55,303 shares of company stock worth $5,830,165 over the last quarter. 8.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, November 22nd. Barclays lifted their target price on shares of UMB Financial from $118.00 to $123.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Morgan Stanley assumed coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an "overweight" rating and a $156.00 target price on the stock. Wells Fargo & Company lifted 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 report on Thursday, October 31st. Finally, Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a "buy" rating and a $127.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, UMB Financial currently has an average rating of "Moderate Buy" and a consensus price target of $122.00.

UMB Financial Trading Down 0.6 %

NASDAQ UMBF traded down $0.77 during trading on Monday, reaching $124.72. 344,709 shares of the stock traded hands, compared to its average volume of 363,374. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 15.69 and a beta of 0.78. The stock's 50-day moving average price is $112.80 and its 200 day moving average price is $98.97. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a fifty-two week low of $73.54 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company earned $2.02 earnings per share. Analysts predict that UMB Financial Co. will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The business 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 $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost 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.