Vanguard Group Inc. Sells 94,575 Shares of UMB Financial Corporation $UMBF

Vanguard Group Inc. cut its position in UMB Financial Corporation (NASDAQ:UMBF) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,768,829 shares of the bank’s stock after selling 94,575 shares during the quarter. Vanguard Group Inc. owned approximately 10.23% of UMB Financial worth $919,441,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UMBF. Envestnet Asset Management Inc. increased its position in shares of UMB Financial by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank’s stock worth $21,625,000 after purchasing an additional 4,589 shares in the last quarter. Steele Capital Management Inc. purchased a new position in UMB Financial during the 3rd quarter worth $1,468,000. Strs Ohio grew its stake in UMB Financial by 10.7% during the 3rd quarter. Strs Ohio now owns 119,700 shares of the bank’s stock worth $14,166,000 after buying an additional 11,600 shares during the last quarter. First Trust Advisors LP increased its position in UMB Financial by 43.0% during the 2nd quarter. First Trust Advisors LP now owns 402,629 shares of the bank’s stock valued at $42,340,000 after buying an additional 121,043 shares in the last quarter. Finally, Tributary Capital Management LLC raised its stake in UMB Financial by 82.9% in the third quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank’s stock valued at $32,872,000 after buying an additional 125,924 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UMBF. Truist Financial set a $150.00 price target on UMB Financial in a research note on Friday, January 30th. TD Cowen reissued a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Piper Sandler upped their price target on shares of UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Citigroup lifted their price objective on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings downgraded UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.00.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 388 shares of UMB Financial stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the completion of the transaction, the director directly owned 12,488 shares in the company, valued at approximately $1,614,698.40. This trade represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greg M. Graves acquired 220 shares of the stock in a transaction on Monday, February 2nd. The stock was bought at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the transaction, the director owned 39,541 shares in the company, valued at approximately $5,054,526.03. This represents a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 34,469 shares of company stock valued at $4,218,998 over the last ninety days. Company insiders own 5.45% of the company’s stock.

UMB Financial Stock Up 0.6%

NASDAQ:UMBF opened at $126.85 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The company’s fifty day moving average price is $123.47 and its 200-day moving average price is $118.07. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $136.11. The firm has a market capitalization of $9.64 billion, a P/E ratio of 13.89, a PEG ratio of 0.91 and a beta of 0.79.

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

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be paid 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 dividend payout ratio is presently 18.84%.

UMB Financial Company 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.