Strs Ohio Cuts Stock Position in UMB Financial Corporation $UMBF

Strs Ohio decreased its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 14.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,000 shares of the bank’s stock after selling 17,700 shares during the quarter. Strs Ohio’s holdings in UMB Financial were worth $11,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UMBF. Farther Finance Advisors LLC increased its holdings in UMB Financial by 219.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after purchasing an additional 171 shares in the last quarter. Torren Management LLC acquired a new position in shares of UMB Financial during the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its position in shares of UMB Financial by 193.5% in the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after buying an additional 267 shares during the period. Bessemer Group Inc. boosted its position in shares of UMB Financial by 72.8% in the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after buying an additional 177 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of UMB Financial by 88.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock valued at $50,000 after buying an additional 199 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UMBF shares. Royal Bank Of Canada boosted their price target on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial set a $140.00 target price on shares of UMB Financial in a research report on Friday. Piper Sandler raised their price target on shares of UMB Financial from $152.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research lowered shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, TD Cowen raised their target price on UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.55.

UMB Financial Trading Up 0.1%

UMBF opened at $129.41 on Tuesday. The stock has a market capitalization of $9.85 billion, a PE ratio of 11.48, a P/E/G ratio of 1.03 and a beta of 0.78. The firm’s fifty day moving average price is $117.20 and its 200 day moving average price is $117.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Corporation has a 12-month low of $98.16 and a 12-month high of $136.11.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the business earned $2.58 EPS. As a group, research analysts expect that UMB Financial Corporation will post 12.33 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial’s payout ratio is currently 15.26%.

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.