ProShare Advisors LLC Has $37.12 Million Stock Position in UMB Financial Co. (NASDAQ:UMBF)

ProShare Advisors LLC lowered its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 328,869 shares of the bank’s stock after selling 13,349 shares during the period. ProShare Advisors LLC’s holdings in UMB Financial were worth $37,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew its stake in UMB Financial by 278.8% in the third quarter. Barclays PLC now owns 231,482 shares of the bank’s stock valued at $24,329,000 after acquiring an additional 170,375 shares during the period. Assenagon Asset Management S.A. acquired a new stake in UMB Financial in the fourth quarter valued at approximately $1,443,000. Park Avenue Securities LLC acquired a new stake in UMB Financial in the fourth quarter valued at approximately $284,000. USA Financial Formulas grew its stake in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the period. Finally, Heritage Family Offices LLP grew its stake in UMB Financial by 6.5% in the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after acquiring an additional 125 shares during the period. Institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America initiated coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a “buy” rating and a $105.00 price objective for the company. Royal Bank of Canada cut their price objective on UMB Financial from $128.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st. Barclays lowered their target price on UMB Financial from $139.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Truist Financial began coverage on UMB Financial in a research note on Tuesday. They set a “buy” rating and a $120.00 price objective on the stock. Finally, Piper Sandler reiterated an “overweight” rating and set a $137.00 price objective (up from $132.00) on shares of UMB Financial in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $120.33.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.45% of the company’s stock.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $106.49 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $8.08 billion, a PE ratio of 11.85 and a beta of 0.72. The business’s 50-day moving average price is $97.60 and its 200-day moving average price is $109.93. UMB Financial Co. has a 12 month low of $78.56 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, beating the consensus estimate of $2.21 by $0.37. The firm had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The company’s revenue was up 41.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 EPS. Sell-side analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.50%. UMB Financial’s payout ratio is currently 20.13%.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.