UMB Financial Corporation $UMBF Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,227 shares of the bank’s stock after selling 2,258 shares during the quarter. Mutual of America Capital Management LLC’s holdings in UMB Financial were worth $11,697,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial increased their price target on shares of UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Wells Fargo & Company increased their target price on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, September 29th. TD Cowen began coverage on UMB Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $151.00 target price on the stock. Morgan Stanley upped their price target on UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, Hovde Group assumed coverage on UMB Financial in a research 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, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.00.

Insider Transactions at UMB Financial

In other UMB Financial news, insider Phillip James Mason sold 750 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $120.97, for a total value of $90,727.50. Following the transaction, the insider owned 8,815 shares in the company, valued at approximately $1,066,350.55. This trade represents a 7.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shannon Andresen Johnson sold 1,367 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $4,114,671.92. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. 5.45% of the stock is owned by company insiders.

UMB Financial Stock Up 1.3%

UMBF stock opened at $108.85 on Monday. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $118.90 and a 200-day simple moving average of $108.16. The stock has a market capitalization of $8.26 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.11 and a beta of 0.73.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The company had revenue of $689.21 million for the quarter, compared to analysts’ expectations of $638.25 million. During the same period in the previous year, the firm posted $2.16 EPS. UMB Financial’s revenue was up 76.7% compared to the same quarter last year. Equities analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 10th. UMB Financial’s dividend payout ratio is currently 18.39%.

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.