UMB Bank n.a. Reduces Stock Position in UMB Financial Co. (NASDAQ:UMBF)

UMB Bank n.a. decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,397,386 shares of the bank's stock after selling 11,396 shares during the quarter. UMB Financial comprises about 7.3% of UMB Bank n.a.'s investment portfolio, making the stock its biggest holding. UMB Bank n.a. owned about 6.05% of UMB Financial worth $444,576,000 as of its most recent filing with the Securities and Exchange Commission.

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

UMB Financial Trading Up 0.9%

Shares of NASDAQ:UMBF traded up $0.90 during trading on Monday, reaching $105.69. The company's stock had a trading volume of 55,122 shares, compared to its average volume of 522,204. The stock has a market capitalization of $8.02 billion, a PE ratio of 11.75 and a beta of 0.75. UMB Financial Co. has a 12 month low of $78.91 and a 12 month high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm's 50 day simple moving average is $98.21 and its two-hundred day simple moving average is $108.16.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. 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 previous year, the business earned $2.47 EPS. The company's quarterly revenue was up 41.4% on a year-over-year basis. On average, research analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is currently 20.13%.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total transaction of $550,995.72. Following the completion of the sale, the chief executive officer now directly owns 288,945 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.45% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America initiated coverage on shares of UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price for the company. Wells Fargo & Company increased their price objective 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. Piper Sandler reaffirmed 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. Barclays reduced 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, Truist Financial assumed coverage on shares of UMB Financial in a report on Tuesday, May 13th. They set a "buy" rating and a $120.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.13.

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.