Meritage Portfolio Management Sells 11,811 Shares of UMB Financial Co. (NASDAQ:UMBF)

Meritage Portfolio Management lessened its position in UMB Financial Co. (NASDAQ:UMBF) by 54.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,910 shares of the bank’s stock after selling 11,811 shares during the period. Meritage Portfolio Management’s holdings in UMB Financial were worth $1,118,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in UMB Financial in the 3rd quarter valued at $26,000. Covestor Ltd increased its stake in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares in the last quarter. USA Financial Formulas raised its holdings in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after buying an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial during the 3rd quarter worth about $83,000. Finally, R Squared Ltd bought a new stake in UMB Financial during the 4th quarter worth about $117,000. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of research analyst reports. Morgan Stanley began coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Barclays increased their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Citigroup reiterated a “neutral” rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.14.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the sale, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,681 shares of company stock worth $3,201,798 in the last quarter. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF opened at $117.48 on Thursday. The stock has a market cap of $5.73 billion, a P/E ratio of 13.07 and a beta of 0.82. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. The stock’s 50-day moving average price is $118.39 and its two-hundred day moving average price is $110.28. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the business posted $2.29 EPS. On average, equities analysts predict that UMB Financial Co. will post 9.51 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 17.80%.

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.