OneDigital Investment Advisors LLC Purchases Shares of 1,858 UMB Financial Co. (NASDAQ:UMBF)

OneDigital Investment Advisors LLC acquired a new position in UMB Financial Co. (NASDAQ:UMBF) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,858 shares of the bank’s stock, valued at approximately $210,000.

Other institutional investors also recently made changes to their positions in the company. USA Financial Formulas lifted its stake in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after purchasing an additional 268 shares during the last quarter. Covestor Ltd boosted its holdings in UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock valued at $63,000 after acquiring an additional 124 shares during the period. Venturi Wealth Management LLC purchased a new stake in UMB Financial during the 4th quarter valued at about $96,000. Steward Partners Investment Advisory LLC bought a new position in UMB Financial during the 4th quarter worth approximately $103,000. Finally, R Squared Ltd purchased a new position in UMB Financial in the 4th quarter worth approximately $117,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $97.82 on Wednesday. UMB Financial Co. has a fifty-two week low of $77.00 and a fifty-two week high of $129.94. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 10.88 and a beta of 0.71. The stock’s 50 day simple moving average is $98.39 and its two-hundred day simple moving average is $110.41. 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) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.37. The company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The firm’s revenue was up 41.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.47 earnings per share. As a group, analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the business’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 sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UMBF shares. Bank of America initiated coverage on shares of UMB Financial in a report on Wednesday, April 16th. They issued a “buy” rating and a $105.00 target price on the stock. Morgan Stanley cut their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Citigroup reaffirmed a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and an average price target of $122.13.

About UMB Financial

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.