Keybank National Association OH Sells 800 Shares of UMB Financial Co. (NASDAQ:UMBF)

Keybank National Association OH reduced its position in UMB Financial Co. (NASDAQ:UMBF) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,652 shares of the bank’s stock after selling 800 shares during the quarter. Keybank National Association OH’s holdings in UMB Financial were worth $751,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UMBF. Principal Financial Group Inc. raised its stake in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Assetmark Inc. raised its stake in UMB Financial by 572.8% during the third quarter. Assetmark Inc. now owns 3,162 shares of the bank’s stock worth $332,000 after acquiring an additional 2,692 shares in the last quarter. Atria Investments Inc raised its stake in UMB Financial by 49.1% during the third quarter. Atria Investments Inc now owns 7,619 shares of the bank’s stock worth $801,000 after acquiring an additional 2,509 shares in the last quarter. Covestor Ltd raised its stake in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in UMB Financial during the third quarter worth $362,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

UMB Financial Price Performance

Shares of UMBF stock opened at $103.07 on Friday. The stock has a 50-day moving average price of $113.40 and a 200 day moving average price of $112.47. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 11.46 and a beta of 0.79. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period last year, the business earned $2.29 earnings per share. Research analysts expect that UMB Financial Co. 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 Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is currently 17.80%.

Analyst Ratings Changes

Several research analysts have issued reports on UMBF shares. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Citigroup restated a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Piper Sandler raised their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Finally, Morgan Stanley started coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $130.14.

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.