UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 12.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 272,562 shares of the bank’s stock after selling 37,677 shares during the quarter. Boston Trust Walden Corp owned about 0.56% of UMB Financial worth $28,649,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC increased its position in shares of UMB Financial by 7.1% in the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after acquiring an additional 129 shares during the period. Truist Financial Corp raised its stake in shares of UMB Financial by 3.3% in the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock worth $354,000 after purchasing an additional 136 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of UMB Financial by 0.3% during the first quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock worth $4,771,000 after purchasing an additional 144 shares during the period. The Manufacturers Life Insurance Company boosted its position in UMB Financial by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock valued at $4,496,000 after buying an additional 200 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its holdings in UMB Financial by 0.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 58,892 shares of the bank’s stock worth $4,913,000 after buying an additional 210 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on UMBF. Citigroup began coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Barclays upped their price target on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Piper Sandler increased their price target on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company boosted their price objective on UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.33.

UMB Financial Trading Down 1.7 %

UMBF stock opened at $104.07 on Friday. UMB Financial Co. has a 52-week low of $61.18 and a 52-week high of $113.30. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.12. The firm has a market cap of $5.07 billion, a P/E ratio of 13.43 and a beta of 0.78. The company’s 50-day simple moving average is $104.20 and its 200-day simple moving average is $92.22.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. The company had revenue of $390.03 million for the quarter, compared to the consensus estimate of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. UMB Financial’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.93 earnings per share. As a group, equities analysts forecast that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, September 10th. UMB Financial’s payout ratio is presently 20.13%.

Insider Buying and Selling at UMB Financial

In related news, insider Robert Brian Beaird sold 698 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $93.19, for a total transaction of $65,046.62. Following the completion of the transaction, the insider now owns 6,682 shares in the company, valued at $622,695.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Tamara Peterman purchased 396 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the completion of the transaction, the director now owns 7,407 shares of the company’s stock, valued at $737,440.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Brian Beaird sold 698 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $93.19, for a total value of $65,046.62. Following the completion of the transaction, the insider now owns 6,682 shares in the company, valued at $622,695.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,596 shares of company stock valued at $4,224,884 over the last ninety days. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Company 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.