Boston Trust Walden Corp Sells 5,468 Shares of UMB Financial Corporation $UMBF

Boston Trust Walden Corp decreased its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 2.1% in the 2nd quarter, Holdings Channel reports. The firm owned 257,463 shares of the bank’s stock after selling 5,468 shares during the quarter. Boston Trust Walden Corp’s holdings in UMB Financial were worth $27,075,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in UMB Financial by 21.1% during the 1st quarter. Bank of New York Mellon Corp now owns 546,483 shares of the bank’s stock worth $55,249,000 after purchasing an additional 95,339 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in UMB Financial by 27.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,367 shares of the bank’s stock worth $239,000 after purchasing an additional 509 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in UMB Financial by 96.3% during the 1st quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank’s stock worth $1,590,000 after purchasing an additional 7,715 shares during the last quarter. New York State Teachers Retirement System raised its holdings in UMB Financial by 2.8% during the 1st quarter. New York State Teachers Retirement System now owns 60,376 shares of the bank’s stock worth $6,104,000 after purchasing an additional 1,664 shares during the last quarter. Finally, M&T Bank Corp bought a new position in UMB Financial during the 1st quarter worth approximately $237,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF stock opened at $118.42 on Wednesday. The firm has a market capitalization of $8.99 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.19 and a beta of 0.73. The firm has a fifty day simple moving average of $118.83 and a two-hundred day simple moving average of $107.66. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.61. The business had revenue of $689.21 million during the quarter, compared to analyst estimates of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. UMB Financial’s quarterly revenue was up 76.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.16 EPS. Analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, September 10th. UMB Financial’s payout ratio is 18.39%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of UMB Financial in a research note on Wednesday, October 8th. Hovde Group began coverage on shares of UMB Financial in a research note on Monday, October 6th. They issued an “outperform” rating for the company. Truist Financial lifted their price objective on shares of UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Finally, Cowen began coverage on shares of UMB Financial in a research note on Wednesday, September 24th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, insider Phillip James Mason sold 750 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $120.97, for a total transaction of $90,727.50. Following the completion of the sale, the insider owned 8,815 shares in the company, valued at approximately $1,066,350.55. The trade was a 7.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Amy Harris sold 500 shares of UMB Financial stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $122.02, for a total transaction of $61,010.00. Following the transaction, the executive vice president directly owned 7,285 shares in the company, valued at $888,915.70. This represents a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 678 shares of company stock worth $75,948 and have sold 20,845 shares worth $2,440,666. Company insiders own 5.45% 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.