3,649 Shares in UMB Financial Co. (NASDAQ:UMBF) Acquired by Bank of Nova Scotia

Bank of Nova Scotia acquired a new position in shares of UMB Financial Co. (NASDAQ:UMBF – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,649 shares of the bank’s stock, valued at approximately $305,000.

Other large investors have also recently modified their holdings of the company. California Public Employees Retirement System raised its stake in shares of UMB Financial by 3.9% during the 4th quarter. California Public Employees Retirement System now owns 108,211 shares of the bank’s stock worth $9,038,000 after acquiring an additional 4,098 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in UMB Financial by 9.5% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 7,921 shares of the bank’s stock worth $662,000 after purchasing an additional 690 shares during the last quarter. Dimensional Fund Advisors LP grew its position in UMB Financial by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,084,657 shares of the bank’s stock worth $91,428,000 after purchasing an additional 10,651 shares during the last quarter. Keybank National Association OH grew its position in UMB Financial by 2.1% during the 4th quarter. Keybank National Association OH now owns 8,815 shares of the bank’s stock worth $736,000 after purchasing an additional 185 shares during the last quarter. Finally, Swiss National Bank grew its position in UMB Financial by 1.7% during the 4th quarter. Swiss National Bank now owns 110,800 shares of the bank’s stock worth $9,254,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors own 87.42% of the company’s stock.

UMB Financial Stock Performance

UMBF opened at $59.33 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a fifty day moving average price of $58.64 and a 200 day moving average price of $75.63. UMB Financial Co. has a 1 year low of $50.68 and a 1 year high of $99.19. The stock has a market cap of $2.88 billion, a P/E ratio of 6.90 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF – Get Rating) last posted its earnings results on Tuesday, April 25th. The bank reported $1.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.91. UMB Financial had a net margin of 22.22% and a return on equity of 15.73%. The firm had revenue of $371.90 million during the quarter, compared to analysts’ expectations of $371.44 million. During the same period in the previous year, the business posted $2.17 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts anticipate that UMB Financial Co. will post 7.64 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 12th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Friday, June 9th. UMB Financial’s dividend payout ratio is currently 17.67%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of UMB Financial from $90.00 to $74.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. Piper Sandler boosted their target price on shares of UMB Financial from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 26th. Wells Fargo & Company dropped their price objective on shares of UMB Financial from $95.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 5th. Raymond James upped their price objective on shares of UMB Financial from $73.00 to $77.00 in a report on Thursday, April 27th. Finally, Janney Montgomery Scott downgraded shares of UMB Financial from a “buy” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a report on Thursday, January 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, UMB Financial presently has an average rating of “Hold” and an average price target of $83.80.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 1,204 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $88.29, for a total value of $106,301.16. Following the completion of the transaction, the chief executive officer now directly owns 1,913,888 shares in the company, valued at approximately $168,977,171.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Janine Davidson acquired 500 shares of UMB Financial stock in a transaction on Thursday, May 4th. The stock was bought at an average cost of $53.56 per share, for a total transaction of $26,780.00. Following the completion of the transaction, the director now owns 2,572 shares of the company’s stock, valued at approximately $137,756.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 1,204 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $88.29, for a total transaction of $106,301.16. Following the transaction, the chief executive officer now owns 1,913,888 shares of the company’s stock, valued at $168,977,171.52. The disclosure for this sale can be found here. Company insiders own 9.77% of the company’s stock.

UMB Financial Profile

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UMB Financial Corp. engages in the provision of bank and asset services. It operates through the following segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets, and treasury management needs of the company’s mid-market businesses and governmental entities by offering various products and services.