GTS Securities LLC Purchases New Position in UMB Financial Co. (NASDAQ:UMBF)

GTS Securities LLC purchased a new stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,250 shares of the bank's stock, valued at approximately $480,000.

Several other institutional investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of UMB Financial in the 4th quarter valued at approximately $2,190,000. US Bancorp DE lifted its stake in shares of UMB Financial by 46.9% in the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after purchasing an additional 4,182 shares during the period. Northern Trust Corp lifted its stake in shares of UMB Financial by 16.2% in the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after purchasing an additional 88,705 shares during the period. Inceptionr LLC purchased a new position in shares of UMB Financial in the 4th quarter valued at approximately $305,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of 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 during the period. Hedge funds and other institutional investors own 87.78% of the company's stock.

UMB Financial Price Performance

Shares of NASDAQ UMBF traded down $0.49 during midday trading on Friday, reaching $103.30. 459,585 shares of the stock traded hands, compared to its average volume of 518,663. 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 capitalization of $7.84 billion, a PE ratio of 11.49 and a beta of 0.72. UMB Financial Co. has a one year low of $78.91 and a one year high of $129.94. The company's 50 day moving average is $98.11 and its 200 day moving average is $109.17.

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, topping the consensus estimate of $2.21 by $0.37. The company had revenue of $563.84 million for 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 firm's revenue for the quarter was up 41.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.47 earnings per share. On average, equities research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 1.55%. UMB Financial's payout ratio is 20.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UMBF shares. Barclays lowered their price target on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Piper Sandler reiterated an "overweight" rating and set a $137.00 target price (up from $132.00) on shares of UMB Financial in a research note on Friday, May 2nd. Citigroup reiterated a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Bank of America started coverage on UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price on the stock. Finally, Truist Financial started coverage on UMB Financial in a research note on Tuesday, May 13th. They issued a "buy" rating and a $120.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $120.33.

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.