Raymond James Financial Services Advisors Inc. Buys New Holdings in UMB Financial Co. (NASDAQ:UMBF)

Raymond James Financial Services Advisors Inc. bought a new stake in UMB Financial Co. (NASDAQ:UMBF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,903 shares of the bank’s stock, valued at approximately $1,078,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in UMB Financial during the 3rd quarter worth approximately $74,000. Captrust Financial Advisors increased its holdings in UMB Financial by 93.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank’s stock worth $95,000 after purchasing an additional 536 shares in the last quarter. Quantbot Technologies LP bought a new stake in UMB Financial during the 3rd quarter worth approximately $179,000. Jones Financial Companies Lllp bought a new stake in UMB Financial during the 3rd quarter worth approximately $199,000. Finally, Franklin Resources Inc. increased its holdings in UMB Financial by 6.2% during the 2nd quarter. Franklin Resources Inc. now owns 2,334 shares of the bank’s stock worth $201,000 after purchasing an additional 137 shares in the last quarter. 87.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UMBF. Raymond James boosted their price objective on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Wells Fargo & Company boosted their price objective on UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Barclays assumed coverage on UMB Financial in a research note on Friday, March 8th. They issued an “equal weight” rating and a $91.00 target price on the stock. Finally, Piper Sandler boosted their target price on UMB Financial from $87.50 to $99.00 and gave the stock 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Insider Activity at UMB Financial

In related news, insider Abigail M. Wendel sold 1,182 shares of the company’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 value of $95,387.40. Following the transaction, the insider now owns 15,217 shares in the company, valued at $1,228,011.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other UMB Financial news, insider Abigail M. Wendel sold 1,182 shares of the stock in a transaction 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 sale, the insider now owns 15,217 shares in the company, valued at $1,228,011.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Pauls sold 1,440 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total value of $114,494.40. Following the sale, the executive vice president now owns 8,496 shares in the company, valued at approximately $675,516.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,277 shares of company stock worth $2,264,661. Insiders own 8.85% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $80.07 on Monday. UMB Financial Co. has a twelve month low of $50.68 and a twelve month high of $87.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average price is $81.66 and its 200-day moving average price is $76.26. The company has a market capitalization of $3.90 billion, a PE ratio of 11.15 and a beta of 0.83.

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

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were paid a $0.39 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.56 annualized dividend and a yield of 1.95%. UMB Financial’s payout ratio is 21.73%.

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.