Boston Trust Walden Corp Decreases Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Boston Trust Walden Corp trimmed its holdings in UMB Financial Co. (NASDAQ:UMBF) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 267,950 shares of the bank’s stock after selling 4,612 shares during the period. Boston Trust Walden Corp owned 0.55% of UMB Financial worth $30,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC purchased a new position in shares of UMB Financial during the 3rd quarter worth approximately $26,000. Covestor Ltd grew its holdings in UMB Financial by 31.0% during the 3rd 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 increased its position in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after buying an additional 268 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of UMB Financial in the third quarter worth $83,000. Finally, R Squared Ltd purchased a new stake in shares of UMB Financial in the fourth quarter valued at $117,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the sale, the chief executive officer now owns 1,552,304 shares in the company, valued at $193,960,384.80. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UMBF. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Piper Sandler lifted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup reissued a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research note on Monday. Finally, Morgan Stanley assumed coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.14.

UMB Financial Trading Down 4.0 %

Shares of UMBF opened at $113.24 on Tuesday. The stock’s fifty day simple moving average is $118.91 and its 200 day simple moving average is $110.01. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $5.53 billion, a P/E ratio of 12.60 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate 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 company posted $2.29 EPS. On average, equities research analysts forecast that UMB Financial Co. will post 9.51 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s payout ratio is currently 17.80%.

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.