UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in UMB Financial Co. (NASDAQ:UMBF) by 11.4% in the fourth quarter, Holdings Channel reports. The fund owned 11,645 shares of the bank’s stock after buying an additional 1,190 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in UMB Financial were worth $1,314,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. USA Financial Formulas raised its holdings in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in UMB Financial in the 3rd quarter valued at about $83,000. Venturi Wealth Management LLC acquired a new stake in UMB Financial in the 4th quarter valued at about $96,000. Steward Partners Investment Advisory LLC acquired a new stake in UMB Financial in the 4th quarter valued at about $103,000. Finally, R Squared Ltd acquired a new stake in UMB Financial in the 4th quarter valued at about $117,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup restated a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Barclays raised their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Piper Sandler raised their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Finally, Morgan Stanley cut their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and an average price target of $128.71.

Insider Buying and Selling at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by corporate insiders.

UMB Financial Stock Up 0.4 %

UMB Financial stock opened at $102.36 on Wednesday. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a 50 day moving average price of $111.67 and a 200 day moving average price of $112.45. The company has a market capitalization of $7.43 billion, a PE ratio of 11.39 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the firm posted $2.29 earnings per share. Research analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.56%. UMB Financial’s dividend payout ratio is presently 17.80%.

UMB Financial Profile

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.