UMB Financial Corporation $UMBF Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 40.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,303 shares of the bank’s stock after selling 20,193 shares during the period. Great Lakes Advisors LLC’s holdings in UMB Financial were worth $3,468,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of UMB Financial by 219.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after acquiring an additional 171 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of UMB Financial by 193.5% in the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after purchasing an additional 267 shares during the period. Covestor Ltd raised its stake in shares of UMB Financial by 46.2% in the third quarter. Covestor Ltd now owns 798 shares of the bank’s stock worth $94,000 after purchasing an additional 252 shares during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in shares of UMB Financial by 8,790.9% during the third quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock worth $116,000 after purchasing an additional 967 shares during the period. Finally, Hilltop National Bank purchased a new stake in UMB Financial in the second quarter valued at approximately $105,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Down 0.1%

Shares of UMB Financial stock opened at $127.14 on Friday. The firm has a 50-day simple moving average of $118.72 and a two-hundred day simple moving average of $115.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $129.98. The company has a market cap of $9.66 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.78.

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

UMB Financial Announces Dividend

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

Insiders Place Their Bets

In other UMB Financial news, Director Greg M. Graves bought 264 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of $106.41 per share, for a total transaction of $28,092.24. Following the transaction, the director directly owned 38,411 shares of the company’s stock, valued at approximately $4,087,314.51. This represents a 0.69% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nikki Farentino Newton sold 1,300 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total transaction of $137,917.00. Following the completion of the sale, the insider directly owned 13,667 shares of the company’s stock, valued at approximately $1,449,932.03. The trade was a 8.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 17,127 shares of company stock valued at $1,949,594. Corporate insiders own 5.45% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler lifted their price objective on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday. Truist Financial set a $150.00 target price on shares of UMB Financial in a research report on Friday. Keefe, Bruyette & Woods increased their price target on UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. Finally, TD Cowen restated a “buy” rating on shares of UMB Financial in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and an average target price of $141.00.

About UMB Financial

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.