Federated Hermes Inc. Has $30.03 Million Holdings in UMB Financial Corporation $UMBF

Federated Hermes Inc. increased its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 69.7% during the third quarter, HoldingsChannel.com reports. The firm owned 253,708 shares of the bank’s stock after buying an additional 104,182 shares during the period. Federated Hermes Inc.’s holdings in UMB Financial were worth $30,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Steele Capital Management Inc. bought a new stake in UMB Financial in the 3rd quarter valued at $1,468,000. Strs Ohio boosted its position in shares of UMB Financial by 10.7% during the 3rd 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 in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in UMB Financial by 86.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,288 shares of the bank’s stock valued at $1,082,000 after acquiring an additional 4,756 shares during the period. First Trust Advisors LP raised 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 purchasing an additional 121,043 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its stake in UMB Financial by 82.9% during the third 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 period. 87.78% of the stock is owned by institutional investors.

UMB Financial Price Performance

UMB Financial stock opened at $127.14 on Friday. The business’s fifty day moving average is $118.72 and its two-hundred day moving average is $115.78. 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 cap of $9.66 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.01 and a beta of 0.78. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.98.

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 analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. During the same period last year, the company posted $2.49 earnings per share. The firm’s quarterly revenue was up 66.0% compared to the same quarter last year. Equities research analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UMBF shares. Weiss Ratings cut UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Barclays reiterated an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a research note on Thursday. Piper Sandler lifted their price objective on UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday. Raymond James Financial restated a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a research note on Thursday. Finally, Citigroup increased their target price on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and an average price target of $141.00.

Insider Activity at UMB Financial

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

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.