UMB Financial Co. (NASDAQ:UMBF) Shares Acquired by Comerica Bank

Comerica Bank grew its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,754 shares of the bank's stock after buying an additional 4,201 shares during the quarter. Comerica Bank owned 0.07% of UMB Financial worth $3,922,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the business. Truist Financial Corp raised its position in UMB Financial by 0.4% during the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank's stock valued at $2,208,000 after purchasing an additional 83 shares in the last quarter. Covestor Ltd raised its holdings in shares of UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after acquiring an additional 124 shares in the last quarter. Heritage Family Offices LLP raised its holdings in shares of UMB Financial by 6.5% in the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank's stock valued at $232,000 after purchasing an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in UMB Financial by 5.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank's stock valued at $410,000 after buying an additional 186 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in UMB Financial by 4.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank's stock worth $678,000 after buying an additional 232 shares in the last quarter. Institutional investors own 87.78% of the company's stock.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction that occurred on 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 owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.45% of the stock is currently owned by corporate insiders.

UMB Financial Trading Up 4.4%

UMBF traded up $4.58 during trading hours on Monday, reaching $107.60. The company's stock had a trading volume of 98,752 shares, compared to its average volume of 716,873. The business's 50-day moving average is $97.21 and its 200-day moving average is $109.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $8.17 billion, a PE ratio of 11.97 and a beta of 0.72. UMB Financial Co. has a fifty-two week low of $78.56 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The business had revenue of $563.84 million during the quarter, compared to analysts' expectations of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The company's revenue was up 41.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.47 EPS. As a group, equities research analysts predict that UMB Financial Co. 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 Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.49%. UMB Financial's dividend payout ratio is currently 20.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays decreased their price objective on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Bank of America started coverage on UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price on the stock. StockNews.com downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Citigroup reaffirmed a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Piper Sandler restated an "overweight" rating and set a $137.00 target price (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $120.38.

UMB Financial Company 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.