William Blair Investment Management LLC Decreases Stake in UMB Financial Corporation $UMBF

William Blair Investment Management LLC lowered its position in UMB Financial Corporation (NASDAQ:UMBF) by 9.3% in the 4th quarter, HoldingsChannel reports. The fund owned 225,846 shares of the bank’s stock after selling 23,280 shares during the period. William Blair Investment Management LLC’s holdings in UMB Financial were worth $25,981,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after acquiring an additional 313,414 shares during the last quarter. Wellington Management Group LLP increased its holdings in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after acquiring an additional 751,525 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in UMB Financial by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock worth $335,264,000 after acquiring an additional 94,451 shares during the last quarter. Alliancebernstein L.P. increased its holdings in UMB Financial by 636.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after acquiring an additional 1,286,543 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in UMB Financial by 20.0% in the 3rd quarter. GW&K Investment Management LLC now owns 742,958 shares of the bank’s stock worth $87,930,000 after acquiring an additional 123,726 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on UMBF. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Piper Sandler raised their target price on UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Truist Financial set a $140.00 target price on UMB Financial in a research note on Friday, May 1st. Royal Bank Of Canada raised their target price on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, UMB Financial presently has a consensus rating of “Buy” and an average price target of $145.55.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $131.21 on Tuesday. UMB Financial Corporation has a 52 week low of $98.16 and a 52 week high of $136.11. The business has a 50-day simple moving average of $120.75 and a two-hundred day simple moving average of $119.40. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $9.97 billion, a P/E ratio of 11.64, a P/E/G ratio of 0.89 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business had revenue of $739.16 million during the quarter, compared to the consensus estimate of $701.79 million. During the same quarter last year, the company earned $2.58 EPS. The firm’s revenue was up 31.1% compared to the same quarter last year. Research analysts anticipate that UMB Financial Corporation will post 12.76 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 10th. UMB Financial’s dividend payout ratio (DPR) is 15.26%.

UMB Financial 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.