Clearbridge Investments LLC Has $70.64 Million Holdings in UMB Financial Corporation $UMBF

Clearbridge Investments LLC boosted its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 614,037 shares of the bank’s stock after buying an additional 9,147 shares during the quarter. Clearbridge Investments LLC’s holdings in UMB Financial were worth $70,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UMBF. Envestnet Asset Management Inc. boosted its holdings in shares of UMB Financial by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank’s stock worth $21,625,000 after acquiring an additional 4,589 shares during the period. William Blair Investment Management LLC bought a new stake in shares of UMB Financial during the third quarter worth approximately $29,484,000. Dynamic Technology Lab Private Ltd boosted its holdings in shares of UMB Financial by 660.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 26,070 shares of the bank’s stock worth $3,086,000 after acquiring an additional 22,640 shares during the period. First National Bank of Omaha bought a new stake in shares of UMB Financial during the third quarter worth approximately $2,158,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of UMB Financial by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock worth $335,264,000 after acquiring an additional 94,451 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Down 0.6%

NASDAQ UMBF opened at $129.10 on Tuesday. The business has a fifty day moving average price of $124.62 and a two-hundred day moving average price of $120.96. 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 fifty-two week low of $98.16 and a fifty-two week high of $136.11. The stock has a market capitalization of $9.81 billion, a PE ratio of 11.46, a PEG ratio of 0.88 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its earnings results 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. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. During the same period in the prior year, the company earned $2.58 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. Equities analysts expect that UMB Financial Corporation will post 12.76 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.72 annualized dividend and a yield of 1.3%. UMB Financial’s dividend payout ratio is presently 15.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. TD Cowen boosted their price objective on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Piper Sandler boosted their price objective on UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Morgan Stanley reduced their price objective on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Barclays boosted their price objective on UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, Hovde Group boosted their price objective on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $145.55.

About UMB Financial

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.