Captrust Financial Advisors Has $52.03 Million Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Captrust Financial Advisors lifted its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 461,031 shares of the bank's stock after purchasing an additional 68,634 shares during the period. Captrust Financial Advisors owned 0.94% of UMB Financial worth $52,032,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in UMB Financial by 278.8% during the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after buying an additional 170,375 shares during the period. Principal Financial Group Inc. grew its stake in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after buying an additional 694,751 shares during the last quarter. Ellenbecker Investment Group purchased a new position in shares of UMB Financial in the 4th quarter worth about $212,000. Assenagon Asset Management S.A. purchased a new stake in shares of UMB Financial during the fourth quarter valued at approximately $1,443,000. Finally, Park Avenue Securities LLC purchased a new position in shares of UMB Financial in the fourth quarter worth $284,000. Institutional investors own 87.78% of the company's stock.

UMB Financial Trading Down 0.5 %

NASDAQ UMBF traded down $0.54 on Friday, reaching $103.02. The stock had a trading volume of 414,277 shares, compared to its average volume of 519,480. The stock has a fifty day moving average price of $97.21 and a two-hundred day moving average price of $109.92. UMB Financial Co. has a 12-month low of $78.56 and a 12-month high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $7.82 billion, a price-to-earnings ratio of 11.46 and a beta of 0.72.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The business had revenue of $563.84 million during the quarter, compared to analysts' expectations of $555.79 million. During the same quarter last year, the business posted $2.47 EPS. The business's quarterly revenue was up 41.4% compared to the same quarter last year. As a group, sell-side analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's dividend payout ratio is presently 20.13%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays dropped their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. StockNews.com cut UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $137.00 price objective (up from $132.00) on shares of UMB Financial in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $120.38.

UMB Financial Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. 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, 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.