Citadel Advisors LLC Purchases 126,024 Shares of UMB Financial Corp (NASDAQ:UMBF)

Citadel Advisors LLC raised its position in shares of UMB Financial Corp (NASDAQ:UMBF) by 1,614.9% in the second quarter, HoldingsChannel reports. The fund owned 133,828 shares of the bank’s stock after acquiring an additional 126,024 shares during the period. Citadel Advisors LLC’s holdings in UMB Financial were worth $8,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of UMBF. Heartland Advisors Inc. bought a new stake in shares of UMB Financial during the second quarter worth approximately $13,473,000. Nuance Investments LLC raised its position in shares of UMB Financial by 17.8% in the second quarter. Nuance Investments LLC now owns 830,260 shares of the bank’s stock valued at $54,648,000 after buying an additional 125,385 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of UMB Financial by 7.2% in the second quarter. Wells Fargo & Company MN now owns 1,381,889 shares of the bank’s stock valued at $90,957,000 after buying an additional 93,230 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of UMB Financial by 6.3% in the first quarter. Champlain Investment Partners LLC now owns 1,504,115 shares of the bank’s stock valued at $96,324,000 after buying an additional 88,905 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its position in shares of UMB Financial by 30.1% in the second quarter. Global Alpha Capital Management Ltd. now owns 366,316 shares of the bank’s stock valued at $24,111,000 after buying an additional 84,802 shares in the last quarter. Institutional investors own 85.60% of the company’s stock.

In other UMB Financial news, Director Kris A. Robbins sold 800 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $62.57, for a total transaction of $50,056.00. Following the completion of the transaction, the director now directly owns 4,796 shares in the company, valued at $300,085.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman J Mariner Kemper sold 3,145 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $65.64, for a total transaction of $206,437.80. Following the transaction, the chairman now owns 188,862 shares of the company’s stock, valued at $12,396,901.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,257 shares of company stock valued at $276,615. Company insiders own 10.45% of the company’s stock.

UMBF has been the subject of a number of analyst reports. Stephens reiterated a “buy” rating and issued a $75.00 price target on shares of UMB Financial in a research report on Monday, September 16th. Zacks Investment Research downgraded shares of UMB Financial from a “buy” rating to a “hold” rating and set a $69.00 price target for the company. in a research report on Tuesday, July 2nd. Finally, BidaskClub upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $71.25.

Shares of NASDAQ UMBF traded down $0.65 during midday trading on Friday, reaching $65.48. The company’s stock had a trading volume of 286,998 shares, compared to its average volume of 189,755. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68. UMB Financial Corp has a fifty-two week low of $57.00 and a fifty-two week high of $74.07. The business’s 50 day moving average price is $63.85 and its two-hundred day moving average price is $65.28. The company has a market cap of $3.24 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.64 and a beta of 0.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 30th. The bank reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. UMB Financial had a net margin of 16.17% and a return on equity of 8.68%. The company had revenue of $271.80 million during the quarter, compared to the consensus estimate of $271.47 million. During the same period in the previous year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts forecast that UMB Financial Corp will post 4.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $1.20 annualized dividend and a yield of 1.83%. UMB Financial’s dividend payout ratio is currently 29.78%.

UMB Financial Profile

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.

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Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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