Boston Trust Walden Corp Lowers Holdings in UMB Financial Corporation $UMBF

Boston Trust Walden Corp cut its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 12.3% during the first quarter, Holdings Channel reports. The institutional investor owned 208,003 shares of the bank’s stock after selling 29,127 shares during the quarter. Boston Trust Walden Corp’s holdings in UMB Financial were worth $23,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after acquiring an additional 493,875 shares in the last quarter. State Street Corp grew its position in shares of UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after purchasing an additional 313,414 shares during the last quarter. Wellington Management Group LLP grew its position in shares of UMB Financial by 32.0% in the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after purchasing an additional 751,525 shares during the last quarter. Dimensional Fund Advisors LP increased 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 increased 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. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the sale, the director directly owned 12,223 shares in the company, valued at approximately $1,624,192.24. This trade represents a 3.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President James D. Rine sold 8,246 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the transaction, the president directly owned 61,446 shares in the company, valued at $8,147,125.14. This trade represents a 11.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UMBF shares. Citigroup upped their target price on UMB Financial from $138.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Truist Financial set a $140.00 price target on UMB Financial in a report on Friday, May 1st. Barclays upped their price objective on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Zacks Research cut UMB Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.09.

UMB Financial Stock Performance

Shares of UMBF stock opened at $143.80 on Friday. The company’s fifty day simple moving average is $132.23 and its 200-day simple moving average is $124.28. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $146.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $10.93 billion, a PE ratio of 12.76, a P/E/G ratio of 0.97 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. During the same period in the prior year, the company earned $2.58 EPS. The firm’s revenue was up 31.1% on a year-over-year basis. As a group, equities research analysts anticipate that UMB Financial Corporation will post 12.83 EPS for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th were given a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. UMB Financial’s dividend payout ratio is presently 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.