UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 107.7% in the 4th quarter, Holdings Channel reports. The fund owned 118,527 shares of the bank’s stock after buying an additional 61,468 shares during the period. Federated Hermes Inc.’s holdings in UMB Financial were worth $13,377,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new position in shares of UMB Financial during the fourth quarter worth about $2,190,000. US Bancorp DE grew its position in shares of UMB Financial by 46.9% during the fourth quarter. US Bancorp DE now owns 13,105 shares of the bank’s stock worth $1,479,000 after acquiring an additional 4,182 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares during the last quarter. Inceptionr LLC bought a new position in shares of UMB Financial during the fourth quarter worth about $305,000. Finally, Vontobel Holding Ltd. grew its position in shares of UMB Financial by 107.8% during the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock worth $626,000 after acquiring an additional 2,877 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $94.34 on Thursday. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. 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 company has a 50-day moving average of $104.30 and a 200-day moving average of $111.55. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 10.49 and a beta of 0.71.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the business posted $2.29 earnings per share. Analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial’s dividend payout ratio is presently 17.80%.

Wall Street Analyst Weigh In

UMBF has been the subject of several recent research reports. Morgan Stanley lowered their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Barclays decreased their target price on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their target price on shares of UMB Financial from $120.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday. Piper Sandler increased their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.57.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company’s stock.

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.