UMB Financial Corporation $UMBF Shares Bought by Boston Trust Walden Corp

Key Points

• Boston Trust Walden increased its UMB Financial stake by 123.1% in the third quarter, ending with 441,538 shares worth about $57.4 million. Institutional investors collectively own 87.78% of the stock.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $161.64; recent target changes ranged from $156 to $185.
• UMB Financial reported quarterly EPS of $3.56, beating the $3.22 consensus, while revenue rose 13.9% year over year to $772.39 million. It also announced a $0.50 quarterly dividend.

Boston Trust Walden Corp raised its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 123.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,538 shares of the bank's stock after buying an additional 243,652 shares during the quarter. Boston Trust Walden Corp owned about 0.58% of UMB Financial worth $57,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UMBF. Provenance Wealth Advisors LLC bought a new stake in shares of UMB Financial during the 3rd quarter valued at about $315,000. Oregon Public Employees Retirement Fund increased its position in shares of UMB Financial by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 14,909 shares of the bank's stock worth $1,938,000 after purchasing an additional 149 shares during the last quarter. Summit Global Investments bought a new position in shares of UMB Financial in the third quarter worth approximately $632,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of UMB Financial by 68.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 8,100 shares of the bank's stock worth $1,053,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Moody Aldrich Partners LLC raised its stake in UMB Financial by 211.4% in the third quarter. Moody Aldrich Partners LLC now owns 72,559 shares of the bank's stock valued at $9,433,000 after purchasing an additional 49,261 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on UMBF. Royal Bank Of Canada dropped their target price on shares of UMB Financial from $170.00 to $168.00 and set an "outperform" rating for the company in a research report on Friday, October 9th. Barclays boosted their price target on shares of UMB Financial from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday. Stephens started coverage on shares of UMB Financial in a report on Tuesday, July 14th. They issued an "overweight" rating and a $167.00 price target on the stock. Truist Financial lowered their price objective on shares of UMB Financial from $170.00 to $156.00 and set a "buy" rating on the stock in a research report on Tuesday, October 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of UMB Financial from $180.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $161.64.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Greg M. Graves purchased 573 shares of UMB Financial stock in a transaction on Tuesday, September 1st. The shares were acquired at an average cost of $139.60 per share, for a total transaction of $79,990.80. Following the completion of the transaction, the director directly owned 40,463 shares of the company's stock, valued at approximately $5,648,634.80. The trade was a 1.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tamara Peterman purchased 394 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were acquired at an average cost of $139.60 per share, for a total transaction of $55,002.40. Following the completion of the purchase, the director directly owned 10,680 shares of the company's stock, valued at approximately $1,490,928. This represents a 3.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 1,460 shares of company stock worth $202,544 over the last ninety days. Insiders own 5.33% of the company's stock.

UMB Financial Price Performance

UMBF opened at $138.51 on Thursday. The stock has a 50-day moving average price of $135.30 and a 200-day moving average price of $131.45. UMB Financial Corporation has a 12-month low of $68.92 and a 12-month high of $144.36. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $10.52 billion, a P/E ratio of 9.99, a PEG ratio of 0.62 and a beta of 0.84.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The bank reported $3.56 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.34. The company had revenue of $772.39 million for the quarter, compared to analysts' expectations of $744.81 million. UMB Financial had a return on equity of 14.07% and a net margin of 23.45%. UMB Financial's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $2.70 EPS. Equities analysts predict that UMB Financial Corporation will post 13.79 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Thursday, December 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial's dividend payout ratio is currently 15.14%.

About UMB Financial

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.

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