Ethic Inc. Has $306,000 Holdings in UMB Financial Corporation $UMBF

Ethic Inc. boosted its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 26.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,889 shares of the bank’s stock after purchasing an additional 597 shares during the quarter. Ethic Inc.’s holdings in UMB Financial were worth $306,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UMBF. Truist Financial Corp increased its holdings in UMB Financial by 0.5% in the 2nd quarter. Truist Financial Corp now owns 20,426 shares of the bank’s stock valued at $2,148,000 after buying an additional 97 shares during the period. MAI Capital Management increased its holdings in UMB Financial by 14.7% in the 1st quarter. MAI Capital Management now owns 771 shares of the bank’s stock valued at $78,000 after buying an additional 99 shares during the period. OLD National Bancorp IN increased its holdings in UMB Financial by 0.4% in the 2nd quarter. OLD National Bancorp IN now owns 22,834 shares of the bank’s stock valued at $2,401,000 after buying an additional 100 shares during the period. Crossmark Global Holdings Inc. increased its holdings in UMB Financial by 4.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,784 shares of the bank’s stock valued at $383,000 after buying an additional 150 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in UMB Financial by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 9,298 shares of the bank’s stock valued at $978,000 after buying an additional 153 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other UMB Financial news, insider Phillip James Mason sold 750 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $120.97, for a total transaction of $90,727.50. Following the sale, the insider owned 8,815 shares of the company’s stock, valued at $1,066,350.55. This represents a 7.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shannon Andresen Johnson sold 1,367 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total transaction of $164,832.86. Following the sale, the insider directly owned 34,124 shares in the company, valued at approximately $4,114,671.92. This represents a 3.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 20,845 shares of company stock worth $2,440,666. 5.45% of the stock is currently owned by insiders.

UMB Financial Stock Down 1.1%

UMBF opened at $107.51 on Friday. The firm’s 50-day simple moving average is $118.21 and its 200-day simple moving average is $109.62. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.77 and a current ratio of 0.75. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.11 and a beta of 0.73.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The business had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. During the same quarter in the prior year, the firm earned $2.25 EPS. The firm’s quarterly revenue was up 67.0% compared to the same quarter last year. Equities research analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s payout ratio is currently 18.12%.

Analyst Upgrades and Downgrades

UMBF has been the topic of several analyst reports. Hovde Group initiated coverage on shares of UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating on the stock. TD Cowen lowered their price target on shares of UMB Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings raised shares of UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Raymond James Financial reissued a “strong-buy” rating and issued a $135.00 price target (down previously from $138.00) on shares of UMB Financial in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

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.