Mutual of America Capital Management LLC Has $11.47 Million Stock Position in UMB Financial Corporation (NASDAQ:UMBF)

Mutual of America Capital Management LLC increased its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,485 shares of the bank's stock after purchasing an additional 11,569 shares during the period. Mutual of America Capital Management LLC owned 0.15% of UMB Financial worth $11,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UMBF. Steward Partners Investment Advisory LLC bought a new stake in shares of UMB Financial in the 4th quarter worth $103,000. Proficio Capital Partners LLC acquired a new position in UMB Financial during the fourth quarter worth about $1,752,000. Raymond James Financial Inc. bought a new stake in UMB Financial in the fourth quarter worth about $11,357,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in UMB Financial by 11.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,645 shares of the bank's stock valued at $1,314,000 after acquiring an additional 1,190 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of UMB Financial during the 4th quarter valued at about $201,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research reports. Royal Bank Of Canada dropped their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Wall Street Zen cut UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Truist Financial set a $128.00 price objective on UMB Financial and gave the company a "buy" rating in a research report on Friday. Piper Sandler set a $135.00 target price on UMB Financial and gave the stock an "overweight" rating in a report on Friday, June 13th. Finally, Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, UMB Financial presently has an average rating of "Hold" and a consensus price target of $127.00.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $101.81, for a total value of $550,995.72. Following the transaction, the chief executive officer owned 288,945 shares in the company, valued at $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.45% of the company's stock.

UMB Financial Stock Up 1.7%

Shares of UMB Financial stock traded up $1.88 during midday trading on Monday, hitting $112.09. The company's stock had a trading volume of 456,144 shares, compared to its average volume of 674,816. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $8.51 billion, a P/E ratio of 14.10, a PEG ratio of 1.29 and a beta of 0.74. The stock has a 50-day simple moving average of $103.09 and a 200-day simple moving average of $104.66.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The firm had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The business's quarterly revenue was up 41.4% compared to the same quarter last year. During the same period last year, the company posted $2.47 EPS. As a group, sell-side analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

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.