UMB Financial Corporation $UMBF Stock Holdings Increased by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 69.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 253,708 shares of the bank’s stock after purchasing an additional 104,182 shares during the quarter. Federated Hermes Inc. owned approximately 0.33% of UMB Financial worth $30,026,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Steele Capital Management Inc. bought a new stake in shares of UMB Financial in the 3rd quarter valued at approximately $1,468,000. Strs Ohio lifted its stake in UMB Financial by 10.7% in the third quarter. Strs Ohio now owns 119,700 shares of the bank’s stock valued at $14,166,000 after acquiring an additional 11,600 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in UMB Financial by 86.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,288 shares of the bank’s stock worth $1,082,000 after acquiring an additional 4,756 shares in the last quarter. First Trust Advisors LP grew its position in UMB Financial by 43.0% in the second quarter. First Trust Advisors LP now owns 402,629 shares of the bank’s stock worth $42,340,000 after acquiring an additional 121,043 shares in the last quarter. Finally, Tributary Capital Management LLC increased its stake in shares of UMB Financial by 82.9% during the 3rd quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank’s stock worth $32,872,000 after purchasing an additional 125,924 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Trading Down 0.1%

UMB Financial stock opened at $127.14 on Friday. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $9.66 billion, a PE ratio of 13.93, a PEG ratio of 1.01 and a beta of 0.78. The business’s 50-day simple moving average is $118.72 and its 200-day simple moving average is $115.78.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.37. The firm had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The firm’s revenue for the quarter was up 66.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.49 EPS. Equities research analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.4%. UMB Financial’s payout ratio is 18.84%.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 460 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $110.71, for a total transaction of $50,926.60. Following the completion of the transaction, the director owned 12,090 shares of the company’s stock, valued at approximately $1,338,483.90. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 15,367 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the completion of the sale, the chief executive officer owned 1,521,414 shares of the company’s stock, valued at approximately $174,323,616.12. The trade was a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,127 shares of company stock valued at $1,949,594 in the last 90 days. 5.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on UMBF. Truist Financial set a $150.00 price objective on shares of UMB Financial in a research note on Friday. Weiss Ratings lowered UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods boosted their price target on UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen reissued a “buy” rating on shares of UMB Financial in a report on Thursday. Finally, Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.00.

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.