UMB Financial Corporation $UMBF Stock Holdings Increased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 354.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,390 shares of the bank’s stock after purchasing an additional 7,322 shares during the period. Pacer Advisors Inc.’s holdings in UMB Financial were worth $1,111,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. McIlrath & Eck LLC acquired a new stake in shares of UMB Financial during the 1st quarter valued at $29,000. Farther Finance Advisors LLC raised its holdings in shares of UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in UMB Financial by 143.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock valued at $37,000 after purchasing an additional 213 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in UMB Financial by 193.5% in the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after purchasing an additional 267 shares in the last quarter. Finally, MAI Capital Management grew its stake in UMB Financial by 14.7% in the first quarter. MAI Capital Management now owns 771 shares of the bank’s stock valued at $78,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insiders Place Their Bets

In other UMB Financial news, insider Nikki Farentino Newton sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total value of $137,917.00. Following the sale, the insider owned 13,667 shares of the company’s stock, valued at $1,449,932.03. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 15,367 shares of UMB Financial stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the completion of the transaction, the chief executive officer directly owned 1,521,414 shares in the company, valued at approximately $174,323,616.12. This represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,127 shares of company stock worth $1,949,594 in the last 90 days. 5.45% of the stock is owned by company insiders.

UMB Financial Trading Down 1.4%

NASDAQ:UMBF opened at $115.04 on Friday. The company’s 50 day moving average is $112.74 and its 200-day moving average is $113.20. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $126.14. The firm has a market cap of $8.74 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 1.15 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. The business had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. UMB Financial’s revenue was up 67.0% compared to the same quarter last year. During the same period last year, the business posted $2.25 EPS. Equities analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s payout ratio is presently 19.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UMBF shares. Barclays set a $155.00 price target on UMB Financial and gave the company an “overweight” rating in a report on Wednesday, October 8th. Cowen started coverage on shares of UMB Financial in a research report on Wednesday, September 24th. They set a “buy” rating on the stock. Truist Financial boosted their target price on shares of UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. TD Cowen cut their price target on shares of UMB Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $135.00 price objective (down previously from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold 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 target price of $137.20.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.