UMB Financial Corporation $UMBF Stock Holdings Lowered by Fieldview Capital Management LLC

Fieldview Capital Management LLC reduced its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 53.0% during the fourth quarter, Holdings Channel reports. The firm owned 19,692 shares of the bank’s stock after selling 22,167 shares during the period. Fieldview Capital Management LLC’s holdings in UMB Financial were worth $2,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC raised its holdings in shares of UMB Financial by 7.0% in the 4th quarter. Barclays PLC now owns 184,957 shares of the bank’s stock worth $21,277,000 after purchasing an additional 12,158 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of UMB Financial by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 55,752 shares of the bank’s stock worth $6,414,000 after purchasing an additional 605 shares in the last quarter. Bayview Asset Management LLC raised its holdings in shares of UMB Financial by 74.2% in the 4th quarter. Bayview Asset Management LLC now owns 10,000 shares of the bank’s stock worth $1,150,000 after purchasing an additional 4,259 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of UMB Financial during the fourth quarter valued at approximately $69,000. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of UMB Financial by 1,560.9% during the fourth quarter. Johnson Investment Counsel Inc. now owns 362,118 shares of the bank’s stock valued at $41,658,000 after acquiring an additional 340,316 shares during the period. 87.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the transaction, the director directly owned 12,223 shares of the company’s stock, valued at approximately $1,624,192.24. The trade was a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President James D. Rine sold 8,246 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the transaction, the president directly owned 61,446 shares in the company, valued at $8,147,125.14. The trade was a 11.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UMBF. Barclays boosted their price target on shares of UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Truist Financial set a $140.00 price target on shares of UMB Financial in a report on Friday, May 1st. Hovde Group boosted their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Finally, TD Cowen boosted their price target on shares of UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, UMB Financial presently has a consensus rating of “Buy” and a consensus price target of $145.55.

UMB Financial Stock Performance

Shares of UMBF opened at $135.37 on Friday. The company’s 50 day moving average price is $126.33 and its 200 day moving average price is $121.61. UMB Financial Corporation has a 52 week low of $98.16 and a 52 week high of $136.11. The company has a market capitalization of $10.29 billion, a PE ratio of 12.01, a PEG ratio of 0.92 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The firm had revenue of $739.16 million for the quarter, compared to the consensus estimate of $701.79 million. During the same period in the previous year, the firm posted $2.58 earnings per share. The firm’s revenue was up 31.1% on a year-over-year basis. Research analysts expect that UMB Financial Corporation will post 12.8 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. UMB Financial’s payout ratio is presently 15.26%.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.