Boston Trust Walden Corp Has $26.58 Million Holdings in UMB Financial Corporation (NASDAQ:UMBF)

Boston Trust Walden Corp reduced its position 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 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 quarter. Boston Trust Walden Corp owned 0.36% of UMB Financial worth $26,582,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Freestone Grove Partners LP acquired a new position in UMB Financial during the fourth quarter valued at $48,235,000. Adage Capital Partners GP L.L.C. grew its stake in UMB Financial by 298.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock valued at $34,051,000 after acquiring an additional 225,908 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of UMB Financial by 22,173.3% in the 4th quarter. Point72 Asset Management L.P. now owns 176,627 shares of the bank's stock valued at $19,934,000 after purchasing an additional 175,834 shares during the period. Norges Bank acquired a new position in shares of UMB Financial in the 4th quarter valued at about $15,835,000. Finally, Wellington Management Group LLP lifted its position in shares of UMB Financial by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after purchasing an additional 102,104 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

UMB Financial Stock Up 1.2%

UMB Financial stock traded up $1.17 during mid-day trading on Friday, hitting $100.66. 2,037,262 shares of the company's stock were exchanged, compared to its average volume of 536,469. UMB Financial Corporation has a 1-year low of $79.50 and a 1-year high of $129.94. The stock has a 50 day moving average of $100.26 and a two-hundred day moving average of $106.94. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The stock has a market cap of $7.64 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.16 and a beta of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued 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 return on equity of 12.09% and a net margin of 13.64%. The business had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. During the same quarter in the prior year, the firm posted $2.47 EPS. The firm's revenue for the quarter was up 41.4% on a year-over-year basis. As a group, analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.59%. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UMBF shares. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. 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 price target on the stock. Wells Fargo & Company increased their price objective on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Truist Financial started coverage on UMB Financial in a research report on Tuesday, May 13th. They set a "buy" rating and a $120.00 price objective for the company. Finally, Piper Sandler set a $135.00 target price on UMB Financial and gave the stock an "overweight" rating in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, UMB Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.88.

Insider Activity

In related news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the transaction, the chief executive officer now owns 288,945 shares in the company, valued at $29,417,490.45. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.