UMB Financial Corporation $UMBF is UMB Bank n.a.’s Largest Position

UMB Bank n.a. reduced its position in UMB Financial Corporation (NASDAQ:UMBF) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,315,949 shares of the bank’s stock after selling 37,256 shares during the quarter. UMB Financial makes up approximately 7.5% of UMB Bank n.a.’s portfolio, making the stock its biggest position. UMB Bank n.a. owned 5.68% of UMB Financial worth $510,793,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. State Street Corp grew its holdings in shares of UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after purchasing an additional 313,414 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in UMB Financial by 3.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank’s stock valued at $213,688,000 after buying an additional 63,147 shares during the period. Geode Capital Management LLC grew its stake in shares of UMB Financial by 6.9% in the second quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock worth $194,173,000 after acquiring an additional 119,319 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of UMB Financial by 636.7% during the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after acquiring an additional 1,286,543 shares during the period. Finally, Norges Bank purchased a new stake in shares of UMB Financial during the second quarter worth $93,829,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 15,367 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares in the company, valued at $174,323,616.12. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nikki Farentino Newton sold 1,300 shares of UMB Financial stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total value of $137,917.00. Following the transaction, the insider directly owned 13,667 shares in the company, valued at approximately $1,449,932.03. This trade represents a 8.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 17,127 shares of company stock worth $1,949,594. Insiders own 5.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James Financial reissued a “strong-buy” rating and set a $145.00 target price on shares of UMB Financial in a research note on Thursday. Weiss Ratings downgraded UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Barclays restated an “overweight” rating and set a $160.00 target price on shares of UMB Financial in a research note on Thursday. Hovde Group began coverage on shares of UMB Financial in a research note on Monday, October 6th. They issued an “outperform” rating for the company. Finally, Truist Financial set a $150.00 price target on shares of UMB Financial in a report on Friday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.00.

UMB Financial Price Performance

UMBF stock opened at $127.14 on Friday. The business has a 50 day moving average price of $118.72 and a 200 day moving average price of $115.84. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.01 and a beta of 0.78. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $129.98.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. The company had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm’s revenue for the quarter was up 66.0% on a year-over-year basis. During the same quarter last year, the company earned $2.49 earnings per share. Equities research analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s dividend payout ratio is currently 18.84%.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.