Walleye Capital LLC Makes New $202,000 Investment in UMB Financial Co. (NASDAQ:UMBF)

Walleye Capital LLC purchased a new position in shares of UMB Financial Co. (NASDAQ:UMBFGet Rating) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 2,349 shares of the bank’s stock, valued at approximately $202,000.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank boosted its stake in shares of UMB Financial by 2.3% in the 1st quarter. Comerica Bank now owns 20,020 shares of the bank’s stock valued at $1,948,000 after purchasing an additional 457 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of UMB Financial by 12.7% in the 1st quarter. SG Americas Securities LLC now owns 11,279 shares of the bank’s stock valued at $1,096,000 after purchasing an additional 1,268 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of UMB Financial by 15.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 39,850 shares of the bank’s stock valued at $3,872,000 after purchasing an additional 5,446 shares in the last quarter. Isthmus Partners LLC boosted its stake in shares of UMB Financial by 3.9% in the 1st quarter. Isthmus Partners LLC now owns 19,599 shares of the bank’s stock valued at $1,904,000 after purchasing an additional 737 shares in the last quarter. Finally, Financial Advisory Service Inc. boosted its stake in shares of UMB Financial by 8.5% in the 1st quarter. Financial Advisory Service Inc. now owns 4,805 shares of the bank’s stock valued at $467,000 after purchasing an additional 376 shares in the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $84.86 on Friday. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 10.08 and a beta of 0.84. UMB Financial Co. has a 12-month low of $77.48 and a 12-month high of $112.24. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $86.35 and a 200 day simple moving average of $88.74.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, December 12th will be issued a dividend of $0.38 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, December 9th. UMB Financial’s payout ratio is currently 17.58%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UMBF. StockNews.com began coverage on shares of UMB Financial in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Wells Fargo & Company cut their price target on UMB Financial from $95.00 to $90.00 and set an “equal weight” rating for the company in a report on Thursday, October 27th. Raymond James cut their price target on UMB Financial from $110.00 to $101.00 and set an “outperform” rating for the company in a report on Thursday, October 27th. Finally, Piper Sandler cut their price target on UMB Financial to $92.00 in a report on Thursday, September 29th.

Insiders Place Their Bets

In other news, Director L Joshua Sosland acquired 368 shares of the company’s stock in a transaction on Monday, November 7th. The stock was purchased at an average cost of $82.81 per share, with a total value of $30,474.08. Following the acquisition, the director now owns 10,502 shares of the company’s stock, valued at approximately $869,670.62. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO J Mariner Kemper sold 2,374 shares of the company’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $82.21, for a total value of $195,166.54. Following the completion of the sale, the chief executive officer now directly owns 212,024 shares of the company’s stock, valued at approximately $17,430,493.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director L Joshua Sosland purchased 368 shares of the stock in a transaction dated Monday, November 7th. The stock was bought at an average cost of $82.81 per share, with a total value of $30,474.08. Following the completion of the purchase, the director now owns 10,502 shares in the company, valued at $869,670.62. The disclosure for this purchase can be found here. In the last three months, insiders sold 4,389 shares of company stock valued at $356,902. 9.77% of the stock is currently owned by insiders.

UMB Financial Company Profile

(Get Rating)

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. 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, accounts receivable financing, 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.

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

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