Victory Capital Management Inc. Trims Position in UMB Financial Corporation $UMBF

Victory Capital Management Inc. lowered its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,222,063 shares of the bank’s stock after selling 25,147 shares during the quarter. Victory Capital Management Inc.’s holdings in UMB Financial were worth $144,631,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UMBF. Farther Finance Advisors LLC raised its holdings in UMB Financial by 219.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 during the last quarter. Bessemer Group Inc. lifted its position in UMB Financial by 72.8% during the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after buying an additional 177 shares during the period. Smartleaf Asset Management LLC lifted its position in UMB Financial by 168.6% during the third quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock worth $89,000 after buying an additional 472 shares during the period. Finally, Covestor Ltd boosted its stake in UMB Financial by 46.2% in the 3rd quarter. Covestor Ltd now owns 798 shares of the bank’s stock worth $94,000 after buying an additional 252 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMB Financial

In related news, Director Greg M. Graves acquired 220 shares of UMB Financial stock in a transaction on Monday, February 2nd. The shares were bought at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the completion of the purchase, the director directly owned 39,541 shares in the company, valued at $5,054,526.03. This trade represents a 0.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 388 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the completion of the sale, the director directly owned 12,488 shares of the company’s stock, valued at $1,614,698.40. The trade was a 3.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,469 shares of company stock valued at $4,218,998 over the last three months. 5.45% of the stock is owned by company insiders.

UMB Financial Trading Up 0.1%

NASDAQ UMBF opened at $117.74 on Wednesday. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 12.90, a PEG ratio of 0.85 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a one year low of $82.00 and a one year high of $136.11. The company’s 50 day moving average price is $123.50 and its 200 day moving average price is $118.38.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. During the same period in the previous year, the firm earned $2.49 earnings per share. UMB Financial’s revenue for the quarter was up 66.0% on a year-over-year basis. On average, sell-side analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s dividend payout ratio is currently 18.84%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a research note on Thursday, January 29th. Piper Sandler boosted their target price on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. Weiss Ratings raised shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Finally, Citigroup boosted their price objective on shares of UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, UMB Financial has an average rating of “Buy” and a consensus target price of $141.18.

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.