Oregon Public Employees Retirement Fund Boosts Holdings in UMB Financial Corporation (NASDAQ:UMBF)

Oregon Public Employees Retirement Fund raised its stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 54.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,916 shares of the bank's stock after acquiring an additional 4,900 shares during the period. Oregon Public Employees Retirement Fund's holdings in UMB Financial were worth $1,407,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Freestone Grove Partners LP bought a new stake in UMB Financial during the fourth quarter worth approximately $48,235,000. Adage Capital Partners GP L.L.C. increased its stake in UMB Financial by 298.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock worth $34,051,000 after acquiring an additional 225,908 shares during the last quarter. Point72 Asset Management L.P. increased its stake in UMB Financial by 22,173.3% during the fourth quarter. Point72 Asset Management L.P. now owns 176,627 shares of the bank's stock worth $19,934,000 after acquiring an additional 175,834 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in UMB Financial by 10.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,912,883 shares of the bank's stock worth $192,302,000 after acquiring an additional 174,088 shares during the last quarter. Finally, Norges Bank bought a new stake in UMB Financial during the fourth quarter worth approximately $15,835,000. 87.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.45% of the company's stock.

UMB Financial Stock Down 1.3%

Shares of UMBF traded down $1.39 during mid-day trading on Monday, hitting $108.96. The company's stock had a trading volume of 537,923 shares, compared to its average volume of 545,576. The company's 50-day moving average is $103.30 and its 200-day moving average is $105.45. UMB Financial Corporation has a 52-week low of $81.01 and a 52-week high of $129.94. The firm has a market capitalization of $8.27 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.29 and a beta of 0.74. 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 announced its quarterly earnings results 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. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The firm had revenue of $563.84 million during the quarter, compared to analysts' expectations of $555.79 million. During the same quarter in the prior year, the company earned $2.47 EPS. The company's revenue was up 41.4% compared to the same quarter last year. On average, equities research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th were given a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.47%. UMB Financial's payout ratio is presently 20.13%.

Analyst Ratings Changes

UMBF has been the topic of several analyst reports. Piper Sandler set a $135.00 price target on shares of UMB Financial and gave the company an "overweight" rating in a report on Friday, June 13th. Truist Financial initiated coverage on shares of UMB Financial in a report on Tuesday, May 13th. They set a "buy" rating and a $120.00 price target on the stock. Bank of America initiated coverage on shares of UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target on the stock. Barclays cut their price target on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley cut their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, UMB Financial has an average rating of "Moderate Buy" and a consensus target price of $122.88.

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.