Systematic Financial Management LP Raises Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Systematic Financial Management LP raised its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,242 shares of the bank's stock after purchasing an additional 4,692 shares during the period. Systematic Financial Management LP owned 0.67% of UMB Financial worth $36,707,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new position in UMB Financial in the 4th quarter valued at $2,190,000. US Bancorp DE lifted its holdings in shares of UMB Financial by 46.9% in the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock worth $1,479,000 after acquiring an additional 4,182 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of UMB Financial by 16.2% in the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock worth $71,900,000 after acquiring an additional 88,705 shares during the last quarter. Inceptionr LLC bought a new stake in shares of UMB Financial in the 4th quarter worth approximately $305,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of UMB Financial by 107.8% in the 4th quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock worth $626,000 after acquiring an additional 2,877 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

UMB Financial Stock Up 0.5%

Shares of UMB Financial stock opened at $107.05 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company's fifty day simple moving average is $97.78 and its two-hundred day simple moving average is $109.93. The company has a market cap of $8.13 billion, a P/E ratio of 11.91 and a beta of 0.72. UMB Financial Co. has a 12-month low of $78.56 and a 12-month high of $129.94.

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

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio is presently 20.13%.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were 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 of the company's stock, valued at $36,313,427.67. This represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.45% 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.

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