GW&K Investment Management LLC Invests $20.37 Million in UMB Financial Co. (NASDAQ:UMBF)

GW&K Investment Management LLC purchased a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 243,768 shares of the bank's stock, valued at approximately $20,367,000. GW&K Investment Management LLC owned approximately 0.50% of UMB Financial at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UMBF. WealthPlan Investment Management LLC lifted its holdings in shares of UMB Financial by 55,857.6% in the third quarter. WealthPlan Investment Management LLC now owns 77,781 shares of the bank's stock valued at $4,826,000 after purchasing an additional 77,642 shares in the last quarter. Kavar Capital Partners Group LLC increased its position in shares of 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 acquiring an additional 200 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of UMB Financial by 8.2% in the third quarter. Victory Capital Management Inc. now owns 1,731,904 shares of the bank's stock valued at $107,465,000 after acquiring an additional 131,926 shares during the last quarter. Arizona State Retirement System increased its position in shares of 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 acquiring an additional 178 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of UMB Financial in the third quarter valued at about $242,000. 87.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research report on Saturday, March 16th. Raymond James boosted their price target on UMB Financial from $80.00 to $102.00 and gave the stock a "strong-buy" rating in a research report on Thursday, February 1st. 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, April 30th. Keefe, Bruyette & Woods boosted their price target on UMB Financial from $86.00 to $93.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 30th. Finally, Barclays raised UMB Financial from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $91.00 to $95.00 in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.00.

UMB Financial Stock Performance

Shares of UMB Financial stock traded down $1.22 on Wednesday, hitting $84.38. The stock had a trading volume of 319,662 shares, compared to its average volume of 313,395. UMB Financial Co. has a twelve month low of $56.00 and a twelve month high of $87.36. The business's 50 day moving average is $82.43 and its two-hundred day moving average is $80.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.12. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 11.21 and a beta of 0.84.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The bank reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.62. The business had revenue of $405.19 million during the quarter, compared to analysts' expectations of $369.80 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. Analysts forecast that UMB Financial Co. will post 8.41 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Monday, June 10th. UMB Financial's dividend payout ratio (DPR) is currently 20.72%.

Insider Activity at UMB Financial

In other UMB Financial news, insider Abigail M. Wendel sold 1,182 shares of the company'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 completion of the sale, the insider now directly owns 15,217 shares in the company, valued at $1,228,011.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other UMB Financial news, insider Abigail M. Wendel sold 1,182 shares of the company'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 completion of the sale, the insider now directly owns 15,217 shares in the company, valued at $1,228,011.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 1,440 shares of the company's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the sale, the chief executive officer now owns 1,762,904 shares of the company's stock, valued at $152,649,857.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,114 shares of company stock worth $2,171,108. 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.