Atria Wealth Solutions Inc. Sells 1,455 Shares of UMB Financial Co. (NASDAQ:UMBF)

Atria Wealth Solutions Inc. lowered its position in UMB Financial Co. (NASDAQ:UMBF) by 26.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,071 shares of the bank’s stock after selling 1,455 shares during the period. Atria Wealth Solutions Inc.’s holdings in UMB Financial were worth $461,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UMBF. Venturi Wealth Management LLC purchased a new position in UMB Financial in the fourth quarter worth about $96,000. Truist Financial Corp lifted its stake in shares of UMB Financial by 0.4% in the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock worth $2,208,000 after purchasing an additional 83 shares during the period. Monument Capital Management boosted its holdings in shares of UMB Financial by 9.6% in the fourth quarter. Monument Capital Management now owns 2,920 shares of the bank’s stock worth $330,000 after buying an additional 255 shares during the last quarter. Congress Asset Management Co. grew its position in UMB Financial by 8.0% during the fourth quarter. Congress Asset Management Co. now owns 125,604 shares of the bank’s stock valued at $14,176,000 after buying an additional 9,349 shares during the period. Finally, Rhumbline Advisers grew its position in UMB Financial by 0.3% during the fourth quarter. Rhumbline Advisers now owns 157,642 shares of the bank’s stock valued at $17,791,000 after buying an additional 510 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

NASDAQ:UMBF opened at $108.65 on Friday. The business’s 50-day simple moving average is $114.63 and its two-hundred day simple moving average is $111.98. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The stock has a market cap of $5.30 billion, a PE ratio of 12.09 and a beta of 0.82. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the prior year, the firm posted $2.29 EPS. As a group, analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.47%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is currently 17.80%.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the transaction, the chief executive officer now owns 1,552,304 shares in the company, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,327 shares of company stock valued at $3,476,567 in the last 90 days. Insiders own 8.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UMBF shares. Wells Fargo & Company increased their price target 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. Piper Sandler raised their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Morgan Stanley started coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Finally, StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.

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.