Arizona State Retirement System Decreases Holdings in UMB Financial Co. (NASDAQ:UMBF)

Arizona State Retirement System trimmed its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position 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 during the period. AlphaMark Advisors LLC boosted its position in UMB Financial by 5.1% during the 4th quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank’s stock worth $331,000 after purchasing an additional 194 shares during the period. Kavar Capital Partners Group LLC boosted its position in UMB Financial by 2.8% during the 3rd quarter. Kavar Capital Partners Group LLC now owns 7,302 shares of the bank’s stock worth $453,000 after purchasing an additional 200 shares during the period. Thrivent Financial for Lutherans boosted its position in UMB Financial by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 11,507 shares of the bank’s stock valued at $970,000 after buying an additional 205 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in UMB Financial by 1.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 19,411 shares of the bank’s stock valued at $1,671,000 after buying an additional 243 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction dated Monday, April 1st. The shares were 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 document filed with the SEC, which is available through this hyperlink. In related news, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction dated Monday, April 1st. The shares were 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 document filed with the SEC, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 625 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $80.21, for a total transaction of $50,131.25. Following the sale, the director now owns 12,859 shares in the company, valued at approximately $1,031,420.39. The disclosure for this sale can be found here. Insiders have sold a total of 27,277 shares of company stock worth $2,264,661 over the last quarter. 8.85% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UMBF. Wells Fargo & Company upped their price objective on shares of UMB Financial from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 10th. 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 research report on Thursday, February 1st. Barclays began coverage on shares of UMB Financial in a research report on Friday, March 8th. They issued an “equal weight” rating and a $91.00 price objective for the company. Raymond James upped their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Finally, StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.00.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $79.75 on Tuesday. The firm has a market cap of $3.89 billion, a PE ratio of 11.11 and a beta of 0.83. The firm’s 50-day simple moving average is $81.65 and its 200-day simple moving average is $76.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72. UMB Financial Co. has a 1 year low of $50.68 and a 1 year high of $87.36.

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

UMB Financial Announces Dividend

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

UMB Financial Company 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.