UMB Financial Co. (NASDAQ:UMBF) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 70.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,462 shares of the bank's stock after buying an additional 15,949 shares during the period. BNP Paribas Financial Markets owned 0.08% of UMB Financial worth $4,341,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. USA Financial Formulas raised its stake in shares of UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after buying an additional 268 shares during the last quarter. Covestor Ltd raised its position in UMB Financial by 28.8% during the fourth 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 acquired a new position in UMB Financial in the fourth quarter valued at approximately $96,000. Steward Partners Investment Advisory LLC acquired a new position in UMB Financial in the fourth quarter valued at approximately $103,000. Finally, R Squared Ltd purchased a new stake in UMB Financial in the 4th quarter worth approximately $117,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UMBF. Wells Fargo & Company lifted their price objective 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. Piper Sandler reaffirmed an "overweight" rating and set a $137.00 price objective (up from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. 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 for the company in a research note on Thursday, May 1st. StockNews.com cut UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Citigroup reiterated a "neutral" rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.33.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.45% of the company's stock.

UMB Financial Trading Down 0.2%

NASDAQ UMBF traded down $0.19 on Tuesday, reaching $106.67. The stock had a trading volume of 21,532 shares, compared to its average volume of 515,034. 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 $97.93 and a two-hundred day moving average price of $109.92. UMB Financial Co. has a 12-month low of $78.56 and a 12-month high of $129.94. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 11.86 and a beta of 0.72.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share (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 the consensus estimate of $555.79 million. During the same quarter in the previous year, the business earned $2.47 EPS. The company's quarterly revenue was up 41.4% compared to the same quarter last year. As a group, sell-side analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

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

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.