Strs Ohio Has $6.98 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

Strs Ohio raised its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 1,841.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,500 shares of the bank's stock after acquiring an additional 79,200 shares during the quarter. Strs Ohio owned approximately 0.17% of UMB Financial worth $6,976,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UMBF. Franklin Resources Inc. grew its position in shares of UMB Financial by 6.2% during the second quarter. Franklin Resources Inc. now owns 2,334 shares of the bank's stock worth $201,000 after buying an additional 137 shares in the last quarter. Arizona State Retirement System boosted its holdings in UMB Financial by 1.4% in the third quarter. Arizona State Retirement System now owns 13,121 shares of the bank's stock valued at $814,000 after purchasing an additional 178 shares in the last quarter. AlphaMark Advisors LLC boosted its holdings in UMB Financial by 5.1% in the fourth quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank's stock valued at $331,000 after purchasing an additional 194 shares in the last quarter. Kavar Capital Partners Group LLC boosted its holdings in UMB Financial by 2.8% in the third quarter. Kavar Capital Partners Group LLC now owns 7,302 shares of the bank's stock valued at $453,000 after purchasing an additional 200 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in UMB Financial by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 11,507 shares of the bank's stock valued at $970,000 after purchasing an additional 205 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a report on Saturday, March 16th. Wells Fargo & Company boosted their price objective on UMB Financial from $85.00 to $88.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 10th. Raymond James boosted their price objective on UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a research note on Thursday, February 1st. 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. Finally, Barclays began coverage on UMB Financial in a research note on Friday, March 8th. They issued an "equal weight" rating and a $91.00 price objective for the company. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $88.00.

UMB Financial Stock Performance

Shares of UMB Financial stock traded up $0.53 during trading hours on Thursday, hitting $80.20. 188,967 shares of the company were exchanged, compared to its average volume of 215,604. UMB Financial Co. has a 1 year low of $50.68 and a 1 year high of $87.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $81.66 and a 200-day moving average of $76.53. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 11.16 and a beta of 0.83.

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

UMB Financial Announces Dividend

The firm 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. This represents a $1.56 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend was Friday, March 8th. UMB Financial's dividend payout ratio is presently 21.73%.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the company'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 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Abigail M. Wendel sold 1,182 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares in the company, valued at $1,228,011.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $83.10, for a total value of $290,850.00. Following the transaction, the chief executive officer now owns 252,114 shares in the company, valued at $20,950,673.40. The disclosure for this sale can be found here. Insiders have sold 27,277 shares of company stock valued at $2,264,661 over the last quarter. Company insiders own 8.85% of the company's stock.

UMB Financial 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.