UMB Financial Co. (NASDAQ:UMBF) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,903 shares of the bank’s stock after selling 8,162 shares during the quarter. California Public Employees Retirement System owned about 0.19% of UMB Financial worth $7,595,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UMBF. Headlands Technologies LLC acquired a new stake in UMB Financial during the 3rd quarter worth approximately $74,000. Quantbot Technologies LP acquired a new stake in UMB Financial during the 3rd quarter worth approximately $179,000. Jones Financial Companies Lllp acquired a new stake in UMB Financial during the 3rd quarter worth approximately $199,000. Atria Wealth Solutions Inc. acquired a new stake in UMB Financial during the 3rd quarter worth approximately $215,000. Finally, MQS Management LLC acquired a new stake in UMB Financial during the 3rd quarter worth approximately $217,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity

In other news, CEO J Mariner Kemper sold 1,440 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $86.59, for a total transaction of $124,689.60. Following the completion of the transaction, the chief executive officer now directly owns 1,762,904 shares in the company, valued at approximately $152,649,857.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other UMB Financial news, Director Kevin Charles Gallagher sold 625 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $80.21, for a total value of $50,131.25. Following the sale, the director now directly owns 12,859 shares of the company’s stock, valued at $1,031,420.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 1,440 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the completion of the sale, the chief executive officer now directly owns 1,762,904 shares in the company, valued at $152,649,857.36. The disclosure for this sale can be found here. In the last three months, insiders sold 26,079 shares of company stock worth $2,159,628. 8.85% of the stock is currently owned by insiders.

UMB Financial Stock Performance

UMB Financial stock opened at $82.56 on Friday. The stock has a market cap of $4.02 billion, a P/E ratio of 10.96 and a beta of 0.84. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $81.87 and a 200-day moving average of $78.12. UMB Financial Co. has a 52 week low of $50.68 and a 52 week high of $87.36.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating the consensus estimate of $1.76 by $0.53. The company had revenue of $370.80 million during the quarter, compared to analysts’ expectations of $360.69 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. The business’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 EPS. On average, analysts expect that UMB Financial Co. will post 7.88 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, June 7th. UMB Financial’s dividend payout ratio (DPR) is currently 20.72%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Barclays raised shares of UMB Financial from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $91.00 to $95.00 in a research report on Tuesday. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Wells Fargo & Company upped their price target on UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday. Piper Sandler upped their price target on UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Raymond James upped their price target on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.00.

UMB Financial 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.