State of Wyoming Acquires 1,215 Shares of UMB Financial Co. (NASDAQ:UMBF)

State of Wyoming grew its holdings in UMB Financial Co. (NASDAQ:UMBF) by 46.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,833 shares of the bank’s stock after purchasing an additional 1,215 shares during the period. State of Wyoming’s holdings in UMB Financial were worth $433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of UMB Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank’s stock worth $537,494,000 after purchasing an additional 48,507 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of UMB Financial by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock worth $228,122,000 after purchasing an additional 102,104 shares in the last quarter. Northern Trust Corp increased its holdings in shares of UMB Financial by 16.2% in the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank’s stock worth $71,900,000 after purchasing an additional 88,705 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of UMB Financial by 17.5% in the 4th quarter. Captrust Financial Advisors now owns 461,031 shares of the bank’s stock worth $52,032,000 after purchasing an additional 68,634 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of UMB Financial by 18.7% in the 4th quarter. Nuveen Asset Management LLC now owns 427,586 shares of the bank’s stock worth $48,257,000 after purchasing an additional 67,480 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction dated 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. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.45% of the stock is currently owned by corporate insiders.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $106.20 on Wednesday. The stock has a 50-day simple moving average of $98.09 and a two-hundred day simple moving average of $109.89. UMB Financial Co. has a 52-week low of $78.56 and a 52-week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $8.06 billion, a PE ratio of 11.81 and a beta of 0.72.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The business had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. During the same quarter in the previous year, the company posted $2.47 earnings per share. UMB Financial’s revenue for the quarter was up 41.4% on a year-over-year basis. Analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial’s dividend payout ratio is presently 20.13%.

Analyst Ratings Changes

A number of analysts have commented on UMBF shares. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Morgan Stanley reduced their target price on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Barclays cut their price objective on UMB Financial from $139.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada cut their price objective on UMB Financial from $128.00 to $115.00 and set a “sector perform” rating for the company in a report on Thursday, May 1st. Finally, Truist Financial began coverage on UMB Financial in a report on Tuesday, May 13th. They issued a “buy” rating and a $120.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $120.33.

About UMB Financial

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.