Azora Capital LP Sells 221,333 Shares of UMB Financial Co. (NASDAQ:UMBF)

Azora Capital LP lowered its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 55.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 179,645 shares of the bank's stock after selling 221,333 shares during the period. Azora Capital LP owned approximately 0.37% of UMB Financial worth $20,275,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of UMBF. USA Financial Formulas boosted its holdings in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after purchasing an additional 268 shares during the period. Covestor Ltd increased its stake in shares of UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after acquiring an additional 124 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of UMB Financial during the fourth quarter worth $96,000. Steward Partners Investment Advisory LLC acquired a new stake in UMB Financial during the fourth quarter valued at $103,000. Finally, R Squared Ltd purchased a new stake in shares of UMB Financial during the 4th quarter worth about $117,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Trading Down 0.5 %

UMB Financial stock traded down $0.48 during mid-day trading on Friday, hitting $103.08. The stock had a trading volume of 253,690 shares, compared to its average volume of 521,180. The stock has a market capitalization of $7.83 billion, a PE ratio of 11.47 and a beta of 0.72. UMB Financial Co. has a 12 month low of $78.56 and a 12 month high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $97.23 and a two-hundred day simple moving average of $109.92.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. The firm had revenue of $563.84 million for the quarter, compared to analysts' expectations of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The business's revenue for the quarter was up 41.4% on a year-over-year basis. During the same period last year, the firm earned $2.47 earnings per share. As a group, sell-side analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. UMB Financial's dividend payout ratio is 20.13%.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on UMBF shares. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Piper Sandler reiterated an "overweight" rating and issued a $137.00 price objective (up from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. Wells Fargo & Company raised their target price on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Morgan Stanley lowered their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Barclays decreased their target price on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $120.38.

UMB Financial Company 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.