Landscape Capital Management L.L.C. Buys 1,882 Shares of UMB Financial Co. (NASDAQ:UMBF)

Landscape Capital Management L.L.C. boosted its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 48.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,792 shares of the bank’s stock after buying an additional 1,882 shares during the period. Landscape Capital Management L.L.C.’s holdings in UMB Financial were worth $609,000 at the end of the most recent quarter.

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

Insider Transactions at UMB Financial

In related news, Director Greg M. Graves acquired 258 shares of UMB Financial stock in a transaction on Friday, November 1st. The stock was acquired at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the purchase, the director now owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. This represents a 0.72 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the transaction, the chief executive officer now directly owns 1,600,904 shares of the company’s stock, valued at approximately $162,988,036.24. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,303 shares of company stock worth $5,830,165 over the last three months. 8.85% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on UMBF. Citigroup began coverage on shares of UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Piper Sandler boosted their price target on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Royal Bank of Canada began coverage on UMB Financial in a research report on Friday. They set a “sector perform” rating and a $130.00 price objective on the stock. Wells Fargo & Company boosted their target price 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. Finally, Barclays raised their price target on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and a consensus target price of $122.00.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $125.00 on Friday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 15.63 and a beta of 0.78. UMB Financial Co. has a 52 week low of $69.96 and a 52 week high of $128.73. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average price of $110.81 and a 200 day moving average price of $97.26.

UMB Financial (NASDAQ:UMBF) last posted 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. The business had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same period in the previous year, the firm posted $2.02 earnings per share. Sell-side analysts expect that UMB Financial Co. will post 9.33 EPS for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is presently 19.50%.

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.