Basswood Capital Management L.L.C. Has $12.80 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Basswood Capital Management L.L.C. decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 47.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,787 shares of the bank’s stock after selling 111,094 shares during the quarter. Basswood Capital Management L.L.C. owned about 0.25% of UMB Financial worth $12,801,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UMBF. Wedge Capital Management L L P NC bought a new position in shares of UMB Financial in the 2nd quarter valued at about $3,808,000. Dimensional Fund Advisors LP boosted its stake in shares of UMB Financial by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after acquiring an additional 100,000 shares during the period. Interval Partners LP bought a new position in shares of UMB Financial during the 2nd quarter worth approximately $3,286,000. King Luther Capital Management Corp increased its holdings in shares of UMB Financial by 229.6% during the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock worth $4,952,000 after acquiring an additional 32,820 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in UMB Financial by 51.2% in the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after acquiring an additional 9,803 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UMBF shares. Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Morgan Stanley initiated coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. Wells Fargo & Company upped their price target on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Royal Bank of Canada started coverage on shares of UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. Finally, Barclays increased their target price on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

UMB Financial Stock Performance

UMBF opened at $125.49 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Co. has a 52-week low of $71.04 and a 52-week high of $129.94. The firm has a market cap of $6.12 billion, a P/E ratio of 15.69 and a beta of 0.78. The business’s fifty day moving average is $112.80 and its 200-day moving average is $98.97.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. During the same period last year, the firm posted $2.02 earnings per share. Sell-side analysts expect that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. UMB Financial’s payout ratio is 19.50%.

Insider Buying and Selling

In other news, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the sale, the insider now directly owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Pauls sold 849 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $110.42, for a total value of $93,746.58. Following the completion of the transaction, the executive vice president now directly owns 6,483 shares of the company’s stock, valued at $715,852.86. This represents a 11.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,303 shares of company stock worth $5,830,165 in the last three months. 8.85% of the stock is owned by corporate insiders.

About UMB Financial

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.