State of Alaska Department of Revenue Has $394,000 Stake in UMB Financial Co. (NASDAQ:UMBF)

State of Alaska Department of Revenue decreased its position in UMB Financial Co. (NASDAQ:UMBF) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,721 shares of the bank’s stock after selling 465 shares during the period. State of Alaska Department of Revenue’s holdings in UMB Financial were worth $394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of UMBF. Goldman Sachs Group Inc. raised its holdings in shares of UMB Financial by 646.3% during the second quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank’s stock valued at $158,131,000 after purchasing an additional 2,248,655 shares during the period. State Street Corp raised its holdings in shares of UMB Financial by 81.2% during the first quarter. State Street Corp now owns 3,708,145 shares of the bank’s stock valued at $361,563,000 after purchasing an additional 1,661,449 shares during the period. Wellington Management Group LLP raised its holdings in shares of UMB Financial by 73.5% during the third quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after purchasing an additional 1,095,630 shares during the period. Norges Bank acquired a new position in shares of UMB Financial during the fourth quarter valued at about $37,184,000. Finally, Vanguard Group Inc. raised its holdings in shares of UMB Financial by 4.2% during the third quarter. Vanguard Group Inc. now owns 4,356,268 shares of the bank’s stock valued at $367,190,000 after purchasing an additional 174,204 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

UMB Financial Trading Down 0.9 %

Shares of UMBF stock opened at $80.07 on Friday. UMB Financial Co. has a 52-week low of $50.68 and a 52-week high of $87.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50-day simple moving average of $81.66 and a two-hundred day simple moving average of $76.05. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 11.15 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The business had revenue of $370.80 million during the quarter, compared to the consensus estimate of $360.69 million. During the same period in the prior year, the firm posted $2.06 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Research analysts anticipate that UMB Financial Co. will post 7.29 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business 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 1.95%. The ex-dividend date of this dividend was Friday, March 8th. UMB Financial’s dividend payout ratio is currently 21.73%.

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 shares were 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 of the company’s stock, valued at approximately $152,649,857.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO J Mariner Kemper sold 1,440 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were 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 of the company’s stock, valued at approximately $152,649,857.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Abigail M. Wendel sold 1,182 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the completion of the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The disclosure for this sale can be found here. Insiders sold 27,277 shares of company stock valued at $2,264,661 in the last three months. Company insiders own 8.85% of the company’s stock.

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.