Vanguard Group Inc. Cuts Position in UMB Financial Corporation $UMBF

Vanguard Group Inc. decreased its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 1.2% in the third quarter, HoldingsChannel.com reports. The firm owned 7,768,829 shares of the bank’s stock after selling 94,575 shares during the quarter. Vanguard Group Inc. owned approximately 0.10% of UMB Financial worth $919,441,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of UMB Financial by 2.6% in the third quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank’s stock valued at $21,625,000 after buying an additional 4,589 shares in the last quarter. Steele Capital Management Inc. acquired a new stake in UMB Financial in the 3rd quarter valued at $1,468,000. Strs Ohio increased its holdings in UMB Financial by 10.7% in the 3rd quarter. Strs Ohio now owns 119,700 shares of the bank’s stock worth $14,166,000 after acquiring an additional 11,600 shares in the last quarter. First Trust Advisors LP raised its position in UMB Financial by 43.0% during the second quarter. First Trust Advisors LP now owns 402,629 shares of the bank’s stock worth $42,340,000 after acquiring an additional 121,043 shares during the period. Finally, Tributary Capital Management LLC raised its position in UMB Financial by 82.9% during the third quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank’s stock worth $32,872,000 after acquiring an additional 125,924 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling

In other news, Director Kevin Charles Gallagher sold 388 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the transaction, the director owned 12,488 shares of the company’s stock, valued at $1,614,698.40. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 15,367 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares of the company’s stock, valued at approximately $174,323,616.12. This represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 34,469 shares of company stock worth $4,218,998. Company insiders own 5.45% of the company’s stock.

Wall Street Analyst Weigh In

UMBF has been the subject of a number of research reports. Royal Bank Of Canada set a $134.00 target price on shares of UMB Financial and gave the stock an “outperform” rating in a research note on Monday, January 12th. Weiss Ratings cut shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Keefe, Bruyette & Woods upped their target price on shares of UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Piper Sandler raised their price target on shares of UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th. Finally, Barclays reaffirmed an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.00.

UMB Financial Stock Up 0.6%

NASDAQ UMBF opened at $126.85 on Monday. The business’s fifty day simple moving average is $123.47 and its 200-day simple moving average is $118.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $9.64 billion, a PE ratio of 13.89, a P/E/G ratio of 0.91 and a beta of 0.79. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $136.11.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $677.30 million. During the same period last year, the business earned $2.49 earnings per share. UMB Financial’s revenue was up 66.0% compared to the same quarter last year. As a group, equities analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s payout ratio is presently 18.84%.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.