Ceredex Value Advisors LLC Reduces Stake in UMB Financial Co. (NASDAQ:UMBF)

Ceredex Value Advisors LLC cut its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,750 shares of the bank's stock after selling 11,450 shares during the period. Ceredex Value Advisors LLC owned approximately 0.26% of UMB Financial worth $14,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. USA Financial Formulas grew its holdings in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after buying an additional 268 shares in the last quarter. Covestor Ltd grew its stake in shares of UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at about $96,000. Steward Partners Investment Advisory LLC bought a new position in shares of UMB Financial during the fourth quarter valued at about $103,000. Finally, R Squared Ltd purchased a new position in UMB Financial during the fourth quarter worth about $117,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Stock Performance

UMB Financial stock traded up $0.46 during mid-day trading on Friday, reaching $91.51. The company's stock had a trading volume of 441,203 shares, compared to its average volume of 522,172. The company has a market capitalization of $6.65 billion, a P/E ratio of 10.18 and a beta of 0.71. The firm's fifty day moving average price is $100.79 and its two-hundred day moving average price is $110.87. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping 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 in the previous year, the business posted $2.29 EPS. Sell-side analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial's payout ratio is 17.80%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on UMBF. Royal Bank of Canada reissued a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Wells Fargo & Company cut their price objective on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Citigroup reaffirmed a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Piper Sandler boosted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Bank of America assumed coverage on shares of UMB Financial in a report on Wednesday. They set a "buy" rating and a $105.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.13.

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.