UMB Financial Co. (NASDAQ:UMBF) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,997,303 shares of the bank's stock after acquiring an additional 265,399 shares during the quarter. Victory Capital Management Inc. owned 4.12% of UMB Financial worth $166,875,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of UMB Financial in the third quarter valued at about $74,000. Quantbot Technologies LP bought a new stake in UMB Financial in the 3rd quarter valued at approximately $179,000. Jones Financial Companies Lllp acquired a new position in UMB Financial during the 3rd quarter worth approximately $199,000. Atria Wealth Solutions Inc. bought a new position in shares of UMB Financial during the 3rd quarter worth approximately $215,000. Finally, MQS Management LLC acquired a new stake in shares of UMB Financial in the third quarter valued at approximately $217,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Stock Performance

UMB Financial stock traded up $2.06 during trading hours on Thursday, hitting $81.87. The company had a trading volume of 807,563 shares, compared to its average volume of 275,416. The firm has a 50-day moving average of $81.80 and a 200 day moving average of $77.97. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.75 and a quick ratio of 0.72. The firm has a market cap of $3.99 billion, a PE ratio of 10.60 and a beta of 0.84. UMB Financial Co. has a one year low of $50.68 and a one year high of $87.36.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results 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 14.30% and a net margin of 14.59%. The company had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. During the same quarter last year, the company earned $2.06 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts expect that UMB Financial Co. will post 7.41 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.56 dividend on an annualized basis and a yield of 1.91%. UMB Financial's dividend payout ratio (DPR) is currently 20.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of UMB Financial from $86.00 to $93.00 and gave the company a "market perform" rating in a research note on Tuesday. Piper Sandler increased their price target on shares of UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Raymond James lifted their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a research note on Saturday, March 16th. Finally, Wells Fargo & Company boosted their price target on UMB Financial from $88.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $92.00.

Insiders Place Their Bets

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