UMB Financial Corporation $UMBF Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC lifted its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 20.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 742,958 shares of the bank’s stock after acquiring an additional 123,726 shares during the quarter. UMB Financial makes up about 0.8% of GW&K Investment Management LLC’s portfolio, making the stock its 22nd biggest holding. GW&K Investment Management LLC’s holdings in UMB Financial were worth $87,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after buying an additional 171 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of UMB Financial by 193.5% during 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 during the last quarter. Bessemer Group Inc. lifted its position in shares of UMB Financial by 72.8% during 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 during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of UMB Financial by 168.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock worth $89,000 after acquiring an additional 472 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of UMB Financial by 46.2% in the 3rd quarter. Covestor Ltd now owns 798 shares of the bank’s stock worth $94,000 after acquiring an additional 252 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on UMBF. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a report on Thursday, January 29th. Truist Financial set a $150.00 price objective on UMB Financial in a report on Friday, January 30th. Keefe, Bruyette & Woods upped their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Citigroup raised their target price on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Finally, Morgan Stanley boosted their price target on shares of UMB Financial from $154.00 to $156.00 and gave the company an “overweight” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $141.18.

UMB Financial Trading Up 1.2%

Shares of NASDAQ UMBF opened at $119.19 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a one year low of $82.00 and a one year high of $136.11. The business has a 50-day moving average price of $123.50 and a two-hundred day moving average price of $118.39. The firm has a market capitalization of $9.08 billion, a PE ratio of 13.05, a PEG ratio of 0.85 and a beta of 0.78.

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

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend 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 (DPR) is 18.84%.

Insider Activity

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

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.