Strs Ohio Has $14.17 Million Stake in UMB Financial Corporation $UMBF

Strs Ohio increased its stake in UMB Financial Corporation (NASDAQ:UMBF) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 119,700 shares of the bank’s stock after purchasing an additional 11,600 shares during the quarter. Strs Ohio owned approximately 0.16% of UMB Financial worth $14,166,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in shares of UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after purchasing an additional 171 shares during the period. EverSource Wealth Advisors LLC grew its stake in UMB Financial by 193.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after buying an additional 267 shares during the last quarter. Covestor Ltd raised its holdings in UMB Financial by 46.2% in the 3rd quarter. Covestor Ltd now owns 798 shares of the bank’s stock worth $94,000 after acquiring an additional 252 shares during the period. Hilltop National Bank acquired a new position in UMB Financial during the 2nd quarter worth $105,000. Finally, 1620 Investment Advisors Inc. boosted its holdings in UMB Financial by 8,790.9% during the third quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock valued at $116,000 after acquiring an additional 967 shares during the period. Institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $123.16 on Monday. The firm has a market capitalization of $9.36 billion, a PE ratio of 13.95, a PEG ratio of 1.00 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.18. The business’s 50 day moving average is $116.70 and its 200-day moving average is $115.33.

UMB Financial (NASDAQ:UMBF) last issued its 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. The firm had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.UMB Financial’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same period last year, the business earned $2.25 earnings per share. Sell-side analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th were given a dividend of $0.43 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date was Wednesday, December 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is presently 19.48%.

Insider Buying and Selling at UMB Financial

In other news, insider Nikki Farentino Newton sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total value of $137,917.00. Following the sale, the insider directly owned 13,667 shares in the company, valued at approximately $1,449,932.03. This represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Greg M. Graves bought 264 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $106.41 per share, with a total value of $28,092.24. Following the completion of the acquisition, the director owned 38,411 shares in the company, valued at $4,087,314.51. This represents a 0.69% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 17,127 shares of company stock worth $1,949,594. Insiders own 5.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays set a $155.00 price objective on UMB Financial and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a research report on Wednesday, January 7th. Hovde Group started coverage on UMB Financial in a research report on Monday, October 6th. They issued an “outperform” rating for the company. Morgan Stanley raised their price objective on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Finally, Weiss Ratings cut shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and a consensus price target of $137.10.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.