UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its holdings in UMB Financial Co. (NASDAQ:UMBF) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,886 shares of the bank’s stock after selling 235 shares during the period. Arizona State Retirement System’s holdings in UMB Financial were worth $1,077,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in UMBF. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in UMB Financial by 10.7% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,797 shares of the bank’s stock worth $1,535,000 after purchasing an additional 1,527 shares in the last quarter. BlackRock Inc. lifted its stake in UMB Financial by 0.3% during the first quarter. BlackRock Inc. now owns 5,164,237 shares of the bank’s stock worth $501,757,000 after purchasing an additional 16,698 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in UMB Financial by 7.2% during the first quarter. Great West Life Assurance Co. Can now owns 23,436 shares of the bank’s stock worth $2,339,000 after purchasing an additional 1,581 shares in the last quarter. Yousif Capital Management LLC lifted its stake in UMB Financial by 2.3% during the first quarter. Yousif Capital Management LLC now owns 23,530 shares of the bank’s stock worth $2,286,000 after purchasing an additional 525 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in UMB Financial by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,062,319 shares of the bank’s stock worth $103,218,000 after purchasing an additional 11,391 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Stock Down 0.4 %

UMB Financial stock opened at $79.75 on Tuesday. UMB Financial Co. has a 1-year low of $50.68 and a 1-year high of $87.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $3.89 billion, a PE ratio of 11.11 and a beta of 0.83. The stock’s fifty day moving average is $81.65 and its two-hundred day moving average is $76.39.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.53. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The company had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $360.69 million. During the same period last year, the firm earned $2.06 earnings per share. UMB Financial’s quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts expect that UMB Financial Co. will post 7.29 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Friday, March 8th. UMB Financial’s dividend payout ratio (DPR) is currently 21.73%.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 11,170 shares of UMB Financial stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.28, for a total transaction of $952,577.60. Following the sale, the chief executive officer now owns 1,738,604 shares in the company, valued at $148,268,149.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO J Mariner Kemper sold 11,170 shares of UMB Financial stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.28, for a total transaction of $952,577.60. Following the sale, the chief executive officer now owns 1,738,604 shares in the company, valued at $148,268,149.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total value of $95,387.40. Following the sale, the insider now owns 15,217 shares in the company, valued at approximately $1,228,011.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,277 shares of company stock worth $2,264,661. Corporate insiders own 8.85% of the company’s stock.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research reports. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Barclays initiated coverage on UMB Financial in a research note on Friday, March 8th. They issued an “equal weight” rating and a $91.00 price objective on the stock. Wells Fargo & Company increased their price objective on UMB Financial from $85.00 to $88.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. Raymond James increased their price objective on UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Finally, Piper Sandler increased their price objective on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

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.