UMB Financial Corporation $UMBF Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its stake in UMB Financial Corporation (NASDAQ:UMBF) by 6.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,435 shares of the bank’s stock after selling 578 shares during the period. Bank of Montreal Can’s holdings in UMB Financial were worth $887,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in UMBF. Vanguard Group Inc. raised its position in UMB Financial by 54.0% in the first quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank’s stock valued at $741,342,000 after purchasing an additional 2,570,283 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of UMB Financial by 78.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank’s stock worth $273,029,000 after buying an additional 1,185,671 shares during the period. Wellington Management Group LLP grew its stake in shares of UMB Financial by 19.1% in the first quarter. Wellington Management Group LLP now owns 2,407,115 shares of the bank’s stock valued at $243,359,000 after buying an additional 385,830 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of UMB Financial by 7.7% in the 1st quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank’s stock valued at $207,660,000 after buying an additional 146,585 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in UMB Financial by 3.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank’s stock worth $213,688,000 after acquiring an additional 63,147 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Down 0.6%

Shares of NASDAQ:UMBF opened at $108.40 on Friday. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $129.94. The firm’s 50 day moving average price is $115.13 and its 200 day moving average price is $110.47. The company has a quick ratio of 0.77, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 EPS 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 company had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. During the same quarter in the previous year, the business posted $2.25 EPS. The firm’s revenue was up 67.0% on a year-over-year basis. As a group, equities research analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.6%. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, December 10th. UMB Financial’s dividend payout ratio is currently 19.48%.

Insider Buying and Selling

In other news, Director Kevin Charles Gallagher sold 460 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $110.71, for a total transaction of $50,926.60. Following the sale, the director owned 12,090 shares of the company’s stock, valued at approximately $1,338,483.90. This trade represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shannon Andresen Johnson sold 1,367 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total value of $164,832.86. Following the sale, the insider owned 34,124 shares of the company’s stock, valued at approximately $4,114,671.92. The trade was a 3.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders acquired 683 shares of company stock valued at $75,961 and sold 5,877 shares valued at $683,734. Corporate insiders own 5.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Piper Sandler restated an “overweight” rating and set a $145.00 target price (down from $148.00) on shares of UMB Financial in a report on Thursday, October 30th. TD Cowen reduced their price target on shares of UMB Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Cowen started coverage on shares of UMB Financial in a report on Wednesday, September 24th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of UMB Financial in a research note on Thursday. Finally, Hovde Group started coverage on shares of UMB Financial in a report on Monday, October 6th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $137.20.

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.