Nykredit A S Takes $556,000 Position in UMB Financial Corporation $UMBF

Nykredit A S purchased a new stake in UMB Financial Corporation (NASDAQ:UMBF) during the second quarter, Holdings Channel reports. The institutional investor purchased 3,896 shares of the bank’s stock, valued at approximately $556,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in UMB Financial during the second quarter valued at approximately $1,458,386,000. Alliancebernstein L.P. raised its holdings in UMB Financial by 636.7% in the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after purchasing an additional 1,286,543 shares during the period. Bank of America Corp DE acquired a new stake in UMB Financial in the second quarter worth $129,153,000. Wellington Management Group LLP boosted its position in shares of UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares in the last quarter. Finally, Norges Bank bought a new position in shares of UMB Financial during the fourth quarter worth $85,885,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF stock opened at $143.76 on Tuesday. UMB Financial Corporation has a 12-month low of $68.92 and a 12-month high of $144.36. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average of $144.95 and a 200-day moving average of $131.34. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.70 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same period in the previous year, the firm posted $2.96 EPS. As a group, equities research analysts predict that UMB Financial Corporation will post 13.5 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is 14.32%.

Insider Buying and Selling

In other news, insider Phillip Mason sold 800 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total value of $117,600.00. Following the sale, the insider directly owned 8,894 shares in the company, valued at $1,307,418. The trade was a 8.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan Murphy sold 1,377 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the transaction, the director directly owned 10,635 shares of the company’s stock, valued at $1,547,924.25. This represents a 11.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 25,925 shares of company stock valued at $3,826,489. Corporate insiders own 5.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on UMBF shares. Barclays reissued an “overweight” rating and issued a $175.00 price target (up from $170.00) on shares of UMB Financial in a report on Monday, August 3rd. Truist Financial set a $170.00 target price on UMB Financial and gave the stock a “buy” rating in a report on Tuesday, August 4th. Piper Sandler reissued an “overweight” rating and issued a $181.00 target price (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Stephens began coverage on UMB Financial in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 target price for the company. Finally, Wells Fargo & Company set a $160.00 price target on UMB Financial and gave the stock an “equal weight” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus price target of $166.54.

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.