Ceredex Value Advisors LLC Purchases Shares of 98,850 UMB Financial Corporation $UMBF

Ceredex Value Advisors LLC acquired a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 98,850 shares of the bank’s stock, valued at approximately $14,112,000. Ceredex Value Advisors LLC owned 0.13% of UMB Financial at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in UMB Financial in the 2nd quarter valued at $1,458,386,000. Alliancebernstein L.P. lifted its holdings in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after acquiring an additional 1,286,543 shares during the period. Wellington Management Group LLP lifted its holdings in shares of UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after acquiring an additional 751,525 shares during the period. Norges Bank acquired a new stake in shares of UMB Financial during the 4th quarter valued at about $85,885,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of UMB Financial during the 2nd quarter valued at about $78,410,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Price Performance

Shares of NASDAQ:UMBF traded down $0.85 during midday trading on Friday, reaching $145.01. The company’s stock had a trading volume of 100,099 shares, compared to its average volume of 624,063. The business’s fifty day simple moving average is $143.63 and its 200-day simple moving average is $130.28. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial Corporation has a fifty-two week low of $103.38 and a fifty-two week high of $153.32. The company has a market capitalization of $11.01 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.72 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. The firm had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter in the prior year, the firm earned $2.96 EPS. As a group, equities research analysts expect that UMB Financial Corporation will post 13.48 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a $0.50 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. UMB Financial’s dividend payout ratio (DPR) is 14.32%.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of recent research reports. Wells Fargo & Company set a $160.00 target price on UMB Financial and gave the stock an “equal weight” rating in a report on Monday, August 10th. Morgan Stanley boosted their price target on UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Truist Financial set a $170.00 price target on UMB Financial and gave the company a “buy” rating in a research report on Tuesday, August 4th. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Citigroup reissued a “neutral” rating and set a $162.00 price objective (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.00.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Charles Gallagher sold 360 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $145.13, for a total value of $52,246.80. Following the transaction, the director directly owned 11,863 shares in the company, valued at approximately $1,721,677.19. This trade represents a 2.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Phillip James Mason sold 800 shares of UMB Financial stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total value of $117,600.00. Following the completion of the sale, the insider directly owned 8,894 shares of the company’s stock, valued at $1,307,418. This trade represents a 8.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,171 shares of company stock valued at $4,919,826 over the last quarter. Company insiders own 5.33% of the company’s stock.

UMB Financial 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.