Geode Capital Management LLC Buys 33,078 Shares of UMB Financial Corporation $UMBF

Geode Capital Management LLC lifted its stake in UMB Financial Corporation (NASDAQ:UMBF) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,907,978 shares of the bank’s stock after acquiring an additional 33,078 shares during the period. Geode Capital Management LLC’s holdings in UMB Financial were worth $219,529,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UMBF. Torren Management LLC bought a new position in shares of UMB Financial in the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its stake in shares of UMB Financial by 193.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after acquiring an additional 267 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of UMB Financial by 419.2% in the 4th quarter. Global Retirement Partners LLC now owns 405 shares of the bank’s stock valued at $47,000 after acquiring an additional 327 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of UMB Financial by 72.8% in the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after acquiring an additional 177 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of UMB Financial by 88.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock valued at $50,000 after acquiring an additional 199 shares in the last quarter. 87.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Truist Financial set a $140.00 price objective on UMB Financial in a research note on Friday, May 1st. Morgan Stanley cut their price objective on UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Barclays raised their price objective on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $145.55.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $129.19 on Wednesday. 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 business’s 50 day moving average is $122.88 and its two-hundred day moving average is $120.20. The company has a market cap of $9.82 billion, a P/E ratio of 11.46, a P/E/G ratio of 0.87 and a beta of 0.78. UMB Financial Corporation has a 12 month low of $98.16 and a 12 month high of $136.11.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. During the same quarter last year, the firm earned $2.58 EPS. UMB Financial’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, equities analysts expect that UMB Financial Corporation will post 12.76 EPS for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial’s dividend payout ratio (DPR) is presently 15.26%.

UMB Financial 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.