UMB Financial Co. (NASDAQ:UMBF) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 328,869 shares of the bank's stock after selling 13,349 shares during the period. ProShare Advisors LLC owned approximately 0.67% of UMB Financial worth $37,116,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Truist Financial Corp boosted its position in UMB Financial by 0.4% in the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank's stock valued at $2,208,000 after buying an additional 83 shares during the last quarter. Covestor Ltd boosted its position in UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after purchasing an additional 124 shares in the last quarter. Heritage Family Offices LLP boosted its position in UMB Financial by 6.5% in the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank's stock worth $232,000 after purchasing an additional 125 shares in the last quarter. EP Wealth Advisors LLC boosted its position in UMB Financial by 5.8% in the 4th quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock worth $266,000 after purchasing an additional 130 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in UMB Financial by 5.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank's stock worth $410,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on UMBF shares. Wells Fargo & Company upped their price objective on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. StockNews.com downgraded UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Citigroup reaffirmed a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Truist Financial started coverage on UMB Financial in a research note on Tuesday, May 13th. They set a "buy" rating and a $120.00 target price for the company. Finally, Royal Bank of Canada reduced their target price on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.33.

UMB Financial Stock Performance

UMBF traded down $0.19 during trading on Monday, hitting $106.86. 379,360 shares of the stock were exchanged, compared to its average volume of 516,985. The firm has a market capitalization of $8.11 billion, a P/E ratio of 11.89 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. The stock has a fifty day moving average price of $97.78 and a two-hundred day moving average price of $109.93. UMB Financial Co. has a 1-year low of $78.56 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The firm had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. UMB Financial's quarterly revenue was up 41.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.47 earnings per share. As a group, sell-side analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is 20.13%.

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.