UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lowered its stake in UMB Financial Co. (NASDAQ:UMBF) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 51,514 shares of the bank’s stock after selling 1,602 shares during the period. Great Lakes Advisors LLC owned 0.11% of UMB Financial worth $5,814,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UMBF. Covestor Ltd increased its holdings in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares during the last quarter. USA Financial Formulas grew its position in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of UMB Financial in the 3rd quarter valued at approximately $83,000. Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial during the 4th quarter valued at approximately $96,000. Finally, Steward Partners Investment Advisory LLC bought a new position in UMB Financial during the fourth quarter worth $103,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of several recent research reports. Morgan Stanley lowered their target price on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Citigroup reissued a “neutral” rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Piper Sandler boosted their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.71.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04 % 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 Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were 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 of the company’s stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

UMB Financial Stock Down 0.8 %

UMBF opened at $98.19 on Friday. The stock’s 50 day moving average price is $112.27 and its 200 day moving average price is $112.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $7.13 billion, a P/E ratio of 10.92 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 issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating 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 quarter last year, the business earned $2.29 EPS. As a group, research analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio is currently 17.80%.

About UMB Financial

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.