UMB Financial Corporation $UMBF Stake Cut by Maltese Capital Management LLC

Maltese Capital Management LLC reduced its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,000 shares of the bank’s stock after selling 6,000 shares during the period. UMB Financial comprises about 1.3% of Maltese Capital Management LLC’s holdings, making the stock its 27th largest holding. Maltese Capital Management LLC owned approximately 0.09% of UMB Financial worth $7,478,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. UMB Bank n.a. lifted its stake in UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after acquiring an additional 493,875 shares in the last quarter. State Street Corp raised its stake in shares of UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after purchasing an additional 313,414 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of UMB Financial by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,854,927 shares of the bank’s stock worth $328,439,000 after purchasing an additional 22,100 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of UMB Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock worth $219,529,000 after purchasing an additional 33,078 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UMBF has been the subject of a number of recent research reports. Truist Financial set a $140.00 price target on UMB Financial in a research note on Friday, May 1st. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Hovde Group raised their price target on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley cut their price target on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial currently has a consensus rating of “Buy” and a consensus target price of $145.55.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $134.23 on Tuesday. 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 $10.20 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 0.92 and a beta of 0.78. The business’s 50-day simple moving average is $126.71 and its 200-day simple moving average is $121.85. UMB Financial Corporation has a 52 week low of $98.16 and a 52 week high of $137.56.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The business had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.58 EPS. As a group, equities research analysts expect that UMB Financial Corporation will post 12.8 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

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

Insider Transactions at UMB Financial

In other news, President James D. Rine sold 8,246 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the transaction, the president owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. This represents a 11.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 381 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total value of $50,627.28. Following the transaction, the director directly owned 12,223 shares in the company, valued at approximately $1,624,192.24. This represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.33% of the company’s stock.

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.