Commerce Bank Has $4.38 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Commerce Bank grew its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,708 shares of the bank’s stock after buying an additional 142 shares during the quarter. Commerce Bank owned approximately 0.09% of UMB Financial worth $4,384,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after acquiring an additional 694,751 shares during the period. Millennium Management LLC increased its position in UMB Financial by 567.1% during the second quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock worth $61,208,000 after buying an additional 623,751 shares during the last quarter. Vanguard Group Inc. raised its stake in UMB Financial by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after buying an additional 394,578 shares during the period. ProShare Advisors LLC lifted its position in shares of UMB Financial by 102.7% in the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after buying an additional 381,278 shares during the last quarter. Finally, Emerald Advisers LLC bought a new position in shares of UMB Financial during the 3rd quarter worth approximately $12,867,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at UMB Financial

In other UMB Financial news, Director Greg M. Graves acquired 258 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the transaction, the director now directly owns 36,244 shares in the company, valued at $3,961,106.76. This represents a 0.72 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the transaction, the chief executive officer now owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,303 shares of company stock valued at $5,830,165. Company insiders own 8.85% of the company’s stock.

UMB Financial Trading Up 1.5 %

Shares of NASDAQ:UMBF opened at $125.00 on Friday. The business’s 50 day simple moving average is $110.41 and its 200 day simple moving average is $96.96. UMB Financial Co. has a 1 year low of $69.96 and a 1 year high of $128.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $6.10 billion, a P/E ratio of 15.63 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same period in the prior year, the firm posted $2.02 EPS. On average, research analysts anticipate that UMB Financial Co. will post 9.33 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, December 10th. This is a boost 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 presently 19.50%.

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.