PDT Partners LLC Has $937,000 Stock Position in UMB Financial Co. (NASDAQ:UMBF)

PDT Partners LLC reduced its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,916 shares of the bank’s stock after selling 200 shares during the period. PDT Partners LLC’s holdings in UMB Financial were worth $937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in UMB Financial in the 3rd quarter valued at approximately $26,000. Covestor Ltd lifted its stake in shares of UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of UMB Financial during the 2nd quarter valued at $128,000. Heritage Family Offices LLP bought a new stake in UMB Financial during the 3rd quarter worth $203,000. Finally, CWM LLC increased its holdings in UMB Financial by 7.1% in the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after purchasing an additional 129 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Insider Transactions at UMB Financial

In other news, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the completion of the sale, the director now directly owns 3,211 shares of the company’s stock, valued at approximately $329,127.50. The trade was a 60.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,303 shares of company stock valued at $5,830,165 in the last 90 days. 8.85% of the stock is currently owned by corporate insiders.

UMB Financial Stock Performance

UMBF stock opened at $125.49 on Monday. UMB Financial Co. has a 1-year low of $71.04 and a 1-year high of $129.94. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $112.80 and a 200-day moving average price of $98.97. The firm has a market cap of $6.12 billion, a PE ratio of 15.69 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. During the same quarter last year, the firm posted $2.02 EPS. As a group, equities research analysts expect that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup assumed coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. Barclays upped their price target on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. StockNews.com downgraded UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. Finally, Royal Bank of Canada assumed coverage on UMB Financial in a report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

UMB Financial Profile

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.