Verdence Capital Advisors LLC Makes New Investment in UMB Financial Corporation $UMBF

Verdence Capital Advisors LLC purchased a new stake in UMB Financial Corporation (NASDAQ:UMBF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,090 shares of the bank’s stock, valued at approximately $460,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in shares of UMB Financial by 219.2% in 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 during the last quarter. EverSource Wealth Advisors LLC lifted its stake in UMB Financial by 193.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after purchasing an additional 267 shares during the last quarter. Hilltop National Bank bought a new stake in shares of UMB Financial during the second quarter worth $105,000. 1620 Investment Advisors Inc. increased its holdings in shares of UMB Financial by 8,790.9% during the third quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock worth $116,000 after buying an additional 967 shares in the last quarter. Finally, MAI Capital Management lifted its stake in shares of UMB Financial by 51.9% in the 2nd quarter. MAI Capital Management now owns 1,171 shares of the bank’s stock valued at $123,000 after acquiring an additional 400 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Nikki Farentino Newton sold 1,300 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total value of $137,917.00. Following the completion of the sale, the insider owned 13,667 shares in the company, valued at $1,449,932.03. This represents a 8.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Greg M. Graves purchased 264 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $106.41 per share, for a total transaction of $28,092.24. Following the completion of the transaction, the director directly owned 38,411 shares of the company’s stock, valued at $4,087,314.51. This represents a 0.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 17,127 shares of company stock worth $1,949,594 in the last ninety days. Corporate insiders own 5.45% of the company’s stock.

UMB Financial Stock Performance

UMBF opened at $125.07 on Friday. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.18. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.02 and a beta of 0.78. The company’s fifty day moving average price is $116.41 and its two-hundred day moving average price is $114.64. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07.

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

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th were issued a $0.43 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, December 10th. UMB Financial’s dividend payout ratio is 19.48%.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings downgraded UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Hovde Group began coverage on UMB Financial in a research note on Monday, October 6th. They issued an “outperform” rating on the stock. Barclays set a $155.00 target price on UMB Financial and gave the company an “overweight” rating in a report on Wednesday, October 8th. Raymond James Financial restated a “strong-buy” rating and set a $135.00 price target (down previously from $138.00) on shares of UMB Financial in a report on Thursday, October 30th. Finally, TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and a consensus target price of $137.10.

UMB Financial Company Profile

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.