Handelsbanken Fonder AB Sells 1,000 Shares of UMB Financial Co. (NASDAQ:UMBF)

Handelsbanken Fonder AB lowered its holdings in UMB Financial Co. (NASDAQ:UMBF) by 9.1% during the 4th quarter, Holdings Channel reports. The firm owned 9,930 shares of the bank’s stock after selling 1,000 shares during the period. Handelsbanken Fonder AB’s holdings in UMB Financial were worth $830,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS bought a new position in UMB Financial during the fourth quarter valued at about $236,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of UMB Financial by 7.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,013 shares of the bank’s stock worth $837,000 after purchasing an additional 730 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of UMB Financial during the 4th quarter worth approximately $228,000. Strs Ohio raised its holdings in shares of UMB Financial by 1,841.9% in the 4th quarter. Strs Ohio now owns 83,500 shares of the bank’s stock worth $6,976,000 after purchasing an additional 79,200 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in UMB Financial in the fourth quarter valued at approximately $1,028,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMB Financial

In related news, Director Kevin Charles Gallagher sold 625 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $80.21, for a total value of $50,131.25. Following the transaction, the director now directly owns 12,859 shares in the company, valued at $1,031,420.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Kevin Charles Gallagher sold 625 shares of UMB Financial stock in a transaction on Friday, February 9th. The shares were sold at an average price of $80.21, for a total transaction of $50,131.25. Following the completion of the sale, the director now directly owns 12,859 shares of the company’s stock, valued at approximately $1,031,420.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Abigail M. Wendel sold 1,182 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the sale, the insider now owns 15,217 shares in the company, valued at approximately $1,228,011.90. The disclosure for this sale can be found here. Insiders have sold a total of 27,277 shares of company stock valued at $2,264,661 in the last 90 days. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

NASDAQ UMBF opened at $77.75 on Tuesday. The company’s 50 day simple moving average is $81.85 and its two-hundred day simple moving average is $77.83. The stock has a market capitalization of $3.79 billion, a PE ratio of 10.83 and a beta of 0.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick 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 posted its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share (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 analyst estimates of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. Analysts predict that UMB Financial Co. will post 7.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays initiated 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. Raymond James boosted their price objective on UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Wells Fargo & Company increased their target price on shares of UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Finally, Piper Sandler raised their price objective on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

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.