Swiss National Bank Has $10.28 Million Stake in UMB Financial Co. (NASDAQ:UMBF)

Swiss National Bank lifted its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,100 shares of the bank’s stock after acquiring an additional 700 shares during the quarter. Swiss National Bank owned approximately 0.19% of UMB Financial worth $10,282,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC acquired a new stake in shares of UMB Financial during the 4th quarter valued at $201,000. Wealthfront Advisers LLC acquired a new stake in shares of UMB Financial during the 4th quarter valued at $1,903,000. King Luther Capital Management Corp boosted its holdings in shares of UMB Financial by 13.6% during the 4th quarter. King Luther Capital Management Corp now owns 53,535 shares of the bank’s stock valued at $6,042,000 after acquiring an additional 6,419 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of UMB Financial by 11.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,645 shares of the bank’s stock valued at $1,314,000 after acquiring an additional 1,190 shares in the last quarter. Finally, AlphaQuest LLC boosted its holdings in shares of UMB Financial by 55.1% during the 4th quarter. AlphaQuest LLC now owns 26,415 shares of the bank’s stock valued at $2,981,000 after acquiring an additional 9,382 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Down 0.9 %

UMBF stock opened at $102.67 on Friday. The stock’s 50 day simple moving average is $111.38 and its 200 day simple moving average is $112.32. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $7.45 billion, a P/E ratio of 11.42 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the prior year, the company posted $2.29 EPS. On average, research analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Piper Sandler lifted their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Barclays lifted their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Citigroup reaffirmed a “neutral” rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, UMB Financial has an average rating of “Moderate Buy” and an average price target of $128.71.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.85% of the company’s stock.

About UMB Financial

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.