UMB Financial Corporation (NASDAQ:UMBF) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 262,931 shares of the bank's stock after selling 5,019 shares during the period. Boston Trust Walden Corp owned about 0.36% of UMB Financial worth $26,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in UMB Financial during the fourth quarter worth approximately $2,190,000. US Bancorp DE raised its stake in UMB Financial by 46.9% during the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after acquiring an additional 4,182 shares during the last quarter. Northern Trust Corp raised its stake in shares of UMB Financial by 16.2% during the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock worth $71,900,000 after buying an additional 88,705 shares in the last quarter. Inceptionr LLC purchased a new stake in UMB Financial during the fourth quarter worth about $305,000. Finally, Vontobel Holding Ltd. increased its stake in UMB Financial by 107.8% in the 4th quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock valued at $626,000 after purchasing an additional 2,877 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UMBF has been the topic of a number of research analyst reports. Truist Financial assumed coverage on UMB Financial in a report on Tuesday, May 13th. They issued a "buy" rating and a $120.00 target price on the stock. Royal Bank Of Canada reduced their price objective on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a report 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 report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.88.

UMB Financial Trading Up 1.0%

Shares of UMBF stock traded up $1.04 during mid-day trading on Monday, reaching $101.70. The stock had a trading volume of 594,831 shares, compared to its average volume of 535,974. The stock's 50-day moving average price is $100.55 and its two-hundred day moving average price is $106.50. UMB Financial Corporation has a 52-week low of $79.88 and a 52-week high of $129.94. The firm has a market capitalization of $7.72 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. The company had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The firm's revenue for the quarter was up 41.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Equities analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's dividend payout ratio is presently 20.13%.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $101.81, for a total transaction of $550,995.72. Following the sale, the chief executive officer now owns 288,945 shares of the company's stock, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.45% of the company's stock.

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.