Captrust Financial Advisors Purchases 68,634 Shares of UMB Financial Co. (NASDAQ:UMBF)

Captrust Financial Advisors increased its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 461,031 shares of the bank's stock after buying an additional 68,634 shares during the quarter. Captrust Financial Advisors owned 0.94% of UMB Financial worth $52,032,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UMBF. USA Financial Formulas raised its holdings in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after purchasing an additional 268 shares during the last quarter. Covestor Ltd increased its stake in UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after buying an additional 124 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in UMB Financial during the 4th quarter worth about $96,000. Steward Partners Investment Advisory LLC acquired a new position in shares of UMB Financial during the 4th quarter worth about $103,000. Finally, R Squared Ltd bought a new position in shares of UMB Financial in the 4th quarter valued at about $117,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on UMBF. Piper Sandler reiterated an "overweight" rating and set a $137.00 target price (up previously from $132.00) on shares of UMB Financial in a report on Friday. Bank of America started coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price for the company. Wells Fargo & Company upped their price target on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Barclays lowered their price objective on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada cut their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $120.38.

Insider Buying and Selling

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

UMB Financial Stock Performance

NASDAQ UMBF opened at $101.00 on Tuesday. The firm has a 50-day moving average price of $97.68 and a two-hundred day moving average price of $110.07. UMB Financial Co. has a 12-month low of $78.56 and a 12-month high of $129.94. The company has a market capitalization of $7.67 billion, a P/E ratio of 11.23 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results 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 period in the previous year, the company posted $2.47 earnings per share. The firm's revenue for the quarter was up 41.4% compared to the same quarter last year. Analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

About UMB Financial

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.

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