UMB Financial Co. (NASDAQ:UMBF) is UMB Bank n.a.'s Largest Position

UMB Bank n.a. lowered its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,305,420 shares of the bank's stock after selling 244,122 shares during the period. UMB Financial comprises about 6.5% of UMB Bank n.a.'s portfolio, making the stock its largest position. UMB Bank n.a. owned about 10.93% of UMB Financial worth $443,268,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in UMB Financial by 10.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,797 shares of the bank's stock valued at $1,535,000 after purchasing an additional 1,527 shares in the last quarter. BlackRock Inc. boosted its holdings in UMB Financial by 0.3% in the first quarter. BlackRock Inc. now owns 5,164,237 shares of the bank's stock valued at $501,757,000 after acquiring an additional 16,698 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of UMB Financial by 7.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 23,436 shares of the bank's stock valued at $2,339,000 after buying an additional 1,581 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of UMB Financial by 2.3% during the 1st quarter. Yousif Capital Management LLC now owns 23,530 shares of the bank's stock valued at $2,286,000 after buying an additional 525 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of UMB Financial by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,062,319 shares of the bank's stock valued at $103,218,000 after buying an additional 11,391 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of recent analyst reports. Barclays initiated coverage on UMB Financial in a research report on Friday, March 8th. They issued an "equal weight" rating and a $91.00 target price for the company. Piper Sandler boosted their price objective on UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research note on Saturday, March 16th. Finally, Raymond James increased their target price on UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a research report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.17.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $83.10, for a total value of $290,850.00. Following the completion of the transaction, the chief executive officer now directly owns 252,114 shares of the company's stock, valued at $20,950,673.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $83.10, for a total transaction of $290,850.00. Following the completion of the sale, the chief executive officer now owns 252,114 shares of the company's stock, valued at $20,950,673.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Pauls sold 1,440 shares of the business's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total value of $114,494.40. Following the completion of the transaction, the executive vice president now owns 8,496 shares in the company, valued at approximately $675,516.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,277 shares of company stock valued at $2,264,661. 8.85% of the stock is owned by insiders.

UMB Financial Stock Down 0.4 %

UMBF stock traded down $0.32 during mid-day trading on Thursday, reaching $82.89. The company had a trading volume of 181,849 shares, compared to its average volume of 224,788. UMB Financial Co. has a fifty-two week low of $50.68 and a fifty-two week high of $87.36. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 11.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a fifty day simple moving average of $81.74 and a 200 day simple moving average of $75.19.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.53. The firm had revenue of $370.80 million for the quarter, compared to the consensus estimate of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The firm's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. Analysts forecast that UMB Financial Co. will post 7.29 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a dividend of $0.39 per share. The ex-dividend date was Friday, March 8th. This represents a $1.56 annualized dividend and a yield of 1.88%. UMB Financial's dividend payout ratio is presently 21.73%.

About UMB Financial

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.