Ellenbecker Investment Group bought a new position in UMB Financial Co. (NASDAQ:UMBF) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,197 shares of the bank’s stock, valued at approximately $203,000.

Several other hedge funds have also recently added to or reduced their stakes in UMBF. Captrust Financial Advisors increased its holdings in shares of UMB Financial by 7.4% in the 3rd quarter. Captrust Financial Advisors now owns 2,674 shares of the bank’s stock valued at $132,000 after purchasing an additional 184 shares in the last quarter. Truist Financial Corp increased its holdings in shares of UMB Financial by 4.4% in the 3rd quarter. Truist Financial Corp now owns 6,883 shares of the bank’s stock valued at $337,000 after purchasing an additional 287 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of UMB Financial by 0.5% in the 3rd quarter. California State Teachers Retirement System now owns 66,081 shares of the bank’s stock valued at $3,239,000 after purchasing an additional 309 shares in the last quarter. Strs Ohio increased its holdings in shares of UMB Financial by 42.9% in the 4th quarter. Strs Ohio now owns 2,000 shares of the bank’s stock valued at $137,000 after purchasing an additional 600 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of UMB Financial in the 4th quarter valued at about $58,000. Institutional investors own 83.83% of the company’s stock.

NASDAQ:UMBF traded down $0.94 during mid-day trading on Thursday, hitting $90.24. 598 shares of the company’s stock traded hands, compared to its average volume of 216,070. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s 50 day simple moving average is $90.41 and its 200 day simple moving average is $72.22. UMB Financial Co. has a 1 year low of $40.02 and a 1 year high of $99.82. The company has a market cap of $4.35 billion, a PE ratio of 22.23 and a beta of 1.01.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Monday, January 25th. The bank reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.96. The business had revenue of $429.80 million during the quarter, compared to the consensus estimate of $316.50 million. UMB Financial had a net margin of 15.62% and a return on equity of 7.54%. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, research analysts expect that UMB Financial Co. will post 4.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Wednesday, March 10th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, March 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.42%. UMB Financial’s dividend payout ratio (DPR) is presently 25.65%.

In other news, insider Thomas S. Terry sold 5,358 shares of UMB Financial stock in a transaction dated Friday, March 12th. The shares were sold at an average price of $96.52, for a total transaction of $517,154.16. Following the completion of the sale, the insider now directly owns 32,263 shares in the company, valued at $3,114,024.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David Carl Odgers sold 721 shares of UMB Financial stock in a transaction dated Thursday, March 4th. The stock was sold at an average price of $90.09, for a total transaction of $64,954.89. Following the sale, the chief accounting officer now owns 3,018 shares of the company’s stock, valued at $271,891.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,591 shares of company stock valued at $2,718,319. Insiders own 10.24% of the company’s stock.

A number of brokerages have recently issued reports on UMBF. Wells Fargo & Company upgraded shares of UMB Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $72.00 to $85.00 in a report on Thursday, January 28th. Raymond James raised their target price on shares of UMB Financial from $69.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, January 28th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $71.25.

UMB Financial Profile

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 cards; commercial real estate financing; letters of credit; loan syndication, and consultative services; various business solutions including asset-based lending, accounts receivable financing, mezzanine debt, and minority equity investments; and treasury management services, such as depository services, account reconciliation, cash management tools, accounts payable and receivable solutions, electronic fund transfer and automated payments, controlled disbursements, lockbox services, and remote deposit capture services.

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

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