UMB Financial Co. (NASDAQ:UMBF) Stake Lowered by UMB Bank n.a.

UMB Bank n.a. trimmed its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 0.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,397,386 shares of the bank's stock after selling 11,396 shares during the period. UMB Financial comprises approximately 7.3% of UMB Bank n.a.'s holdings, making the stock its largest holding. UMB Bank n.a. owned about 6.05% of UMB Financial worth $444,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in UMB Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock worth $537,494,000 after buying an additional 48,507 shares during the period. Wellington Management Group LLP lifted its holdings in shares of UMB Financial by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock valued at $228,122,000 after purchasing an additional 102,104 shares in the last quarter. Northern Trust Corp grew its position 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. Captrust Financial Advisors increased its stake in UMB Financial by 17.5% during the 4th quarter. Captrust Financial Advisors now owns 461,031 shares of the bank's stock worth $52,032,000 after purchasing an additional 68,634 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in UMB Financial by 18.7% during the 4th quarter. Nuveen Asset Management LLC now owns 427,586 shares of the bank's stock worth $48,257,000 after buying an additional 67,480 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Price Performance

Shares of NASDAQ:UMBF traded down $1.18 during midday trading on Wednesday, hitting $104.91. The stock had a trading volume of 572,939 shares, compared to its average volume of 524,351. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a fifty-two week low of $79.16 and a fifty-two week high of $129.94. The company has a market capitalization of $7.96 billion, a P/E ratio of 11.67 and a beta of 0.75. The company's 50-day moving average price is $98.59 and its 200-day moving average price is $108.02.

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 (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The firm had revenue of $563.84 million during the quarter, compared to analysts' expectations of $555.79 million. During the same period in the prior year, the company posted $2.47 EPS. The company's revenue was up 41.4% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be given 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 dividend yield of 1.53%. UMB Financial's dividend payout ratio is currently 20.13%.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.45% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on UMBF. Barclays reduced their price target on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price target on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Truist Financial started coverage on UMB Financial in a report on Tuesday, May 13th. They set a "buy" rating and a $120.00 price objective for the company. Bank of America started coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price on the stock. Finally, Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned 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 presently has an average 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.