Jacobs Levy Equity Management Inc. Sells 52,440 Shares of UMB Financial Corporation $UMBF

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in UMB Financial Corporation by 62.7%, selling 52,440 shares and now owning 31,196 shares valued at approximately $3.15 million.
• Multiple analysts have raised their price targets for UMB Financial, with Piper Sandler increasing theirs from $135.00 to $148.00 and Barclays from $140.00 to $150.00.
• UMB Financial announced a quarterly dividend of $0.40 per share, representing a 1.3% annualized dividend yield, to be paid on October 1st.

Jacobs Levy Equity Management Inc. lessened its stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 62.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,196 shares of the bank's stock after selling 52,440 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in UMB Financial were worth $3,154,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UMBF. Stifel Financial Corp acquired a new position in UMB Financial in the 4th quarter valued at approximately $219,000. BNP Paribas Financial Markets increased its stake in shares of UMB Financial by 70.8% during the 4th quarter. BNP Paribas Financial Markets now owns 38,462 shares of the bank's stock worth $4,341,000 after purchasing an additional 15,949 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of UMB Financial during the 4th quarter worth $238,000. EP Wealth Advisors LLC increased its stake in shares of UMB Financial by 5.8% during the 4th quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock worth $266,000 after purchasing an additional 130 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of UMB Financial by 16.4% during the 4th quarter. Deutsche Bank AG now owns 88,320 shares of the bank's stock worth $9,968,000 after purchasing an additional 12,423 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Trading Down 0.9%

Shares of NASDAQ:UMBF traded down $1.08 during trading on Friday, hitting $120.60. 323,188 shares of the company's stock were exchanged, compared to its average volume of 497,488. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The firm has a 50-day moving average price of $112.89 and a two-hundred day moving average price of $104.95. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a market cap of $9.16 billion, a P/E ratio of 13.86, a PEG ratio of 1.39 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company had revenue of $689.21 million during the quarter, compared to analysts' expectations of $638.25 million. During the same quarter in the previous year, the company earned $2.16 EPS. UMB Financial's revenue was up 76.7% on a year-over-year basis. Equities analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.3%. UMB Financial's dividend payout ratio (DPR) is presently 18.39%.

Insider Buying and Selling at UMB Financial

In related news, insider Robert Brian Beaird sold 1,205 shares of UMB Financial stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $116.17, for a total transaction of $139,984.85. Following the transaction, the insider owned 10,147 shares of the company's stock, valued at $1,178,776.99. This trade represents a 10.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shannon Andresen Johnson sold 1,367 shares of UMB Financial stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total transaction of $164,832.86. Following the transaction, the insider directly owned 34,124 shares in the company, valued at $4,114,671.92. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 678 shares of company stock worth $75,948 and have sold 20,845 shares worth $2,440,666. 5.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial increased their price target on shares of UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a research note on Monday. Raymond James Financial upped their price objective on shares of UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price target on shares of UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Piper Sandler raised their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Barclays increased their target price on shares of UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, UMB Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.89.

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.