UMB Financial Co. (NASDAQ:UMBF) Stock Position Lessened by Swiss National Bank

Swiss National Bank reduced its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.8% during the third quarter, Holdings Channel.com reports. The firm owned 90,400 shares of the bank’s stock after selling 700 shares during the period. Swiss National Bank’s holdings in UMB Financial were worth $9,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of UMBF. Vanguard Group Inc. raised its position in shares of UMB Financial by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after buying an additional 394,578 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in UMB Financial by 30.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank’s stock worth $300,000 after purchasing an additional 809 shares during the period. Lazard Asset Management LLC boosted its stake in UMB Financial by 167.4% during the 1st quarter. Lazard Asset Management LLC now owns 4,768 shares of the bank’s stock valued at $414,000 after purchasing an additional 2,985 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of UMB Financial by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,755 shares of the bank’s stock valued at $2,589,000 after purchasing an additional 1,633 shares during the period. Finally, CWM LLC raised its stake in shares of UMB Financial by 7.1% in the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research analyst reports. Barclays lifted their target price on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Piper Sandler boosted their target price on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company raised their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley assumed coverage on UMB Financial in a report on Thursday. They issued an “overweight” rating and a $156.00 price target on the stock. Finally, StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $122.00.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total value of $2,473,983.00. Following the transaction, the chief executive officer now owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares of the company’s stock, valued at $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,303 shares of company stock worth $5,830,165. 8.85% of the stock is currently owned by company insiders.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $125.00 on Monday. The company’s fifty day moving average is $110.81 and its two-hundred day moving average is $97.37. The company has a market cap of $6.10 billion, a P/E ratio of 15.63 and a beta of 0.78. UMB Financial Co. has a 12-month low of $69.96 and a 12-month high of $128.73. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The firm had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same period in the previous year, the firm earned $2.02 earnings per share. Equities analysts expect that UMB Financial Co. will post 9.21 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is currently 19.50%.

About UMB Financial

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.