UMB Financial Corporation $UMBF Shares Sold by Monument Capital Management

Monument Capital Management reduced its position in UMB Financial Corporation (NASDAQ:UMBF) by 9.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,142 shares of the bank’s stock after selling 221 shares during the quarter. Monument Capital Management’s holdings in UMB Financial were worth $225,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in UMBF. Yousif Capital Management LLC increased its position in shares of UMB Financial by 49.4% in the first quarter. Yousif Capital Management LLC now owns 23,283 shares of the bank’s stock worth $2,354,000 after acquiring an additional 7,694 shares in the last quarter. GAMMA Investing LLC increased its position in shares of UMB Financial by 121.9% in the first quarter. GAMMA Investing LLC now owns 921 shares of the bank’s stock worth $93,000 after acquiring an additional 506 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of UMB Financial by 34.4% in the first quarter. Handelsbanken Fonder AB now owns 14,690 shares of the bank’s stock worth $1,485,000 after acquiring an additional 3,760 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of UMB Financial by 93.2% in the first quarter. Assenagon Asset Management S.A. now owns 24,705 shares of the bank’s stock worth $2,498,000 after acquiring an additional 11,916 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of UMB Financial by 38.1% in the first quarter. Fifth Third Bancorp now owns 624 shares of the bank’s stock worth $63,000 after acquiring an additional 172 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Price Performance

NASDAQ UMBF opened at $113.02 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $8.58 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The company has a 50 day moving average price of $118.57 and a two-hundred day moving average price of $107.27. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.61. The firm had revenue of $689.21 million during the quarter, compared to analysts’ expectations of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company’s revenue was up 76.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.16 earnings per share. As a group, equities analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were paid a $0.40 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. UMB Financial’s payout ratio is 18.39%.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Greg M. Graves bought 234 shares of UMB Financial stock in a transaction on Tuesday, September 2nd. The stock was purchased at an average cost of $120.44 per share, for a total transaction of $28,182.96. Following the completion of the purchase, the director directly owned 38,034 shares of the company’s stock, valued at $4,580,814.96. The trade was a 0.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Phillip James Mason sold 750 shares of UMB Financial stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $120.97, for a total transaction of $90,727.50. Following the completion of the sale, the insider owned 8,815 shares of the company’s stock, valued at $1,066,350.55. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 678 shares of company stock valued at $75,948 and sold 20,845 shares valued at $2,440,666. 5.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UMBF shares. Hovde Group started coverage on shares of UMB Financial in a research report on Monday, October 6th. They issued an “outperform” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of UMB Financial in a research report on Wednesday. Piper Sandler boosted their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Finally, Morgan Stanley boosted their price objective on shares of UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.00.

UMB Financial Company 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.