Price T Rowe Associates Inc. MD Grows Position in UMB Financial Co. (NASDAQ:UMBF)

Price T Rowe Associates Inc. MD boosted its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 84.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 155,133 shares of the bank’s stock after acquiring an additional 70,888 shares during the period. Price T Rowe Associates Inc. MD’s holdings in UMB Financial were worth $17,509,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of UMB Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank’s stock valued at $537,494,000 after purchasing an additional 48,507 shares in the last quarter. Wellington Management Group LLP grew its holdings in UMB Financial by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock valued at $228,122,000 after buying an additional 102,104 shares in the last quarter. Principal Financial Group Inc. increased its stake in UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares during the last quarter. JPMorgan Chase & Co. increased its stake in UMB Financial by 31.0% in the 4th quarter. JPMorgan Chase & Co. now owns 415,607 shares of the bank’s stock worth $46,905,000 after acquiring an additional 98,427 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of UMB Financial by 31.4% during the 4th quarter. Invesco Ltd. now owns 309,980 shares of the bank’s stock worth $34,984,000 after acquiring an additional 74,038 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UMBF shares. Royal Bank of Canada reduced their price target on shares of UMB Financial from $128.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday. Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Barclays reduced their target price on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their price target 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, March 13th. Finally, StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and an average price target of $121.13.

UMB Financial Trading Up 3.4 %

Shares of UMBF opened at $97.78 on Friday. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 10.88 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Co. has a 1-year low of $78.56 and a 1-year high of $129.94. The company has a 50-day moving average of $97.97 and a 200 day moving average of $110.22.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The firm had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. During the same quarter in the previous year, the firm posted $2.47 earnings per share. The company’s revenue was up 41.4% on a year-over-year basis. On average, research analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, June 10th. UMB Financial’s dividend payout ratio is 20.13%.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the business’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 completion of the sale, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.45% 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.