UMB Financial Co. (NASDAQ:UMBF) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,320 shares of the bank's stock after acquiring an additional 12,423 shares during the period. Deutsche Bank AG owned approximately 0.18% of UMB Financial worth $9,968,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UMBF. Barclays PLC increased its stake in UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after purchasing an additional 170,375 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of UMB Financial in the 4th quarter worth about $1,443,000. Park Avenue Securities LLC purchased a new stake in shares of UMB Financial in the 4th quarter worth about $284,000. USA Financial Formulas boosted its position in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after buying an additional 268 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its position 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 worth $232,000 after buying an additional 125 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UMBF has been the topic of several recent research reports. Piper Sandler reiterated an "overweight" rating and issued a $137.00 price objective (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Citigroup reiterated a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. 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. Finally, Morgan Stanley cut their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.33.

UMB Financial Price Performance

UMBF stock traded down $0.66 during trading on Tuesday, hitting $106.20. The stock had a trading volume of 321,822 shares, compared to its average volume of 516,208. The company's 50 day moving average price is $97.93 and its two-hundred day moving average price is $109.92. UMB Financial Co. has a 1-year low of $78.56 and a 1-year high of $129.94. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 11.81 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

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

UMB Financial Announces Dividend

The company 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 dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.51%. UMB Financial's payout ratio is 20.13%.

Insider Activity at UMB Financial

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

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.