Federation des caisses Desjardins du Quebec Purchases 2,674 Shares of UMB Financial Corporation $UMBF

Federation des caisses Desjardins du Quebec grew its stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 19.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,143 shares of the bank's stock after acquiring an additional 2,674 shares during the period. Federation des caisses Desjardins du Quebec's holdings in UMB Financial were worth $1,633,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of UMBF. Vanguard Group Inc. lifted its stake in UMB Financial by 54.0% in the first quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock valued at $741,342,000 after purchasing an additional 2,570,283 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of UMB Financial by 78.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock valued at $273,029,000 after buying an additional 1,185,671 shares during the period. Wellington Management Group LLP lifted its position in shares of UMB Financial by 19.1% during the 1st quarter. Wellington Management Group LLP now owns 2,407,115 shares of the bank's stock valued at $243,359,000 after buying an additional 385,830 shares during the last quarter. American Century Companies Inc. grew its stake in shares of UMB Financial by 7.7% during the 1st quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank's stock worth $207,660,000 after acquiring an additional 146,585 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of UMB Financial by 10.0% during the 1st 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 period. Institutional investors own 87.78% of the company's stock.

UMB Financial Price Performance

UMB Financial stock traded down $1.08 during mid-day trading on Friday, hitting $120.60. 323,188 shares of the company traded hands, compared to its average volume of 497,488. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. The stock has a fifty day moving average price of $112.89 and a 200-day moving average price of $104.95.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The firm had revenue of $689.21 million for the quarter, compared to analysts' expectations of $638.25 million. During the same quarter last year, the company posted $2.16 EPS. The business's quarterly revenue was up 76.7% on a year-over-year basis. On average, equities analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, September 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. UMB Financial's dividend payout ratio is 18.39%.

Insider Activity at UMB Financial

In related news, insider Robert Brian Beaird sold 1,205 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total value of $139,984.85. Following the completion of the sale, the insider owned 10,147 shares in the company, valued at $1,178,776.99. The trade was a 10.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stacy H. King sold 1,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $118.88, for a total transaction of $178,320.00. Following the transaction, the insider owned 9,472 shares in the company, valued at $1,126,031.36. The trade was a 13.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. 5.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on UMBF. Wells Fargo & Company upped their price objective on shares of UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Barclays upped their price target on shares of UMB Financial from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Piper Sandler raised their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on shares of UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial increased their target price on UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.89.

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.