Price T Rowe Associates Inc. MD Has $17.51 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

Price T Rowe Associates Inc. MD grew its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 84.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,133 shares of the bank's stock after purchasing an additional 70,888 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.32% of UMB Financial worth $17,509,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. USA Financial Formulas grew its stake in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after buying an additional 268 shares during the period. Covestor Ltd lifted its holdings in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after acquiring an additional 124 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in UMB Financial during the 4th quarter worth $96,000. Steward Partners Investment Advisory LLC acquired a new stake in UMB Financial in the 4th quarter valued at $103,000. Finally, R Squared Ltd purchased a new position in UMB Financial in the fourth quarter valued at about $117,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on UMBF. Citigroup reissued a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Piper Sandler reiterated an "overweight" rating and issued a $137.00 target price (up previously from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. Barclays lowered their price objective on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada cut their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Finally, StockNews.com lowered UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $120.38.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 5.45% of the company's stock.

UMB Financial Stock Performance

NASDAQ UMBF traded up $1.90 on Wednesday, hitting $101.99. The stock had a trading volume of 123,580 shares, compared to its average volume of 519,848. The company's 50-day moving average is $97.51 and its two-hundred day moving average is $110.00. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 11.35 and a beta of 0.72. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a one year low of $78.56 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, beating the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The firm had revenue of $563.84 million for the quarter, compared to analysts' expectations of $555.79 million. During the same period last year, the firm earned $2.47 EPS. The firm's revenue was up 41.4% compared to the same quarter last year. On average, analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. UMB Financial's dividend payout ratio is presently 20.13%.

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.