Federated Hermes Inc. Decreases Position in UMB Financial Co. (NASDAQ:UMBF)

Federated Hermes Inc. reduced its stake in UMB Financial Co. (NASDAQ:UMBF) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,897 shares of the bank’s stock after selling 1,287 shares during the period. Federated Hermes Inc.’s holdings in UMB Financial were worth $576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in UMB Financial by 5.4% in the third quarter. Bank of New York Mellon Corp now owns 931,648 shares of the bank’s stock valued at $57,809,000 after acquiring an additional 47,349 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UMB Financial by 12.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,283 shares of the bank’s stock valued at $576,000 after purchasing an additional 1,034 shares during the period. Allspring Global Investments Holdings LLC grew its stake in UMB Financial by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,818,361 shares of the bank’s stock worth $112,829,000 after buying an additional 4,617 shares during the last quarter. AlphaMark Advisors LLC acquired a new position in UMB Financial during the third quarter worth approximately $234,000. Finally, WealthPlan Investment Management LLC increased its position in UMB Financial by 55,857.6% during the third quarter. WealthPlan Investment Management LLC now owns 77,781 shares of the bank’s stock worth $4,826,000 after buying an additional 77,642 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analysts Set New Price Targets

UMBF has been the topic of a number of research analyst reports. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Raymond James boosted their target price on shares of UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Keefe, Bruyette & Woods increased their price target on UMB Financial from $86.00 to $93.00 and gave the stock a “market perform” rating in a research note on Tuesday. Wells Fargo & Company raised their target price on shares of UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Piper Sandler lifted their target price on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

UMB Financial Stock Up 0.8 %

UMB Financial stock opened at $82.56 on Friday. UMB Financial Co. has a 52 week low of $50.68 and a 52 week high of $87.36. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 10.96 and a beta of 0.84. The company’s 50-day moving average price is $81.87 and its two-hundred day moving average price is $78.12. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last announced its earnings results 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 14.30% and a net margin of 14.59%. 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 business posted $2.06 earnings per share. UMB Financial’s revenue was up .0% compared to the same quarter last year. On average, analysts expect that UMB Financial Co. will post 7.88 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be paid a $0.39 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.56 annualized dividend and a dividend yield of 1.89%. UMB Financial’s payout ratio is 20.72%.

Insider Transactions at UMB Financial

In other UMB Financial news, EVP John Pauls sold 1,440 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $79.51, for a total transaction of $114,494.40. Following the completion of the sale, the executive vice president now directly owns 8,496 shares in the company, valued at $675,516.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Kevin Charles Gallagher sold 625 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $80.21, for a total transaction of $50,131.25. Following the transaction, the director now owns 12,859 shares of the company’s stock, valued at $1,031,420.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Pauls sold 1,440 shares of UMB Financial stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total transaction of $114,494.40. Following the sale, the executive vice president now directly owns 8,496 shares of the company’s stock, valued at approximately $675,516.96. The disclosure for this sale can be found here. Insiders have sold a total of 26,079 shares of company stock worth $2,159,628 in the last 90 days. 8.85% of the stock is owned by insiders.

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.