Truist Financial Corp Has $918,000 Stake in UMB Financial Corporation $UMBF

Truist Financial Corp decreased its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 72.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,976 shares of the bank’s stock after selling 21,091 shares during the quarter. Truist Financial Corp’s holdings in UMB Financial were worth $918,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UMBF. Torren Management LLC acquired a new stake in UMB Financial in the fourth quarter valued at $37,000. EverSource Wealth Advisors LLC raised its position in UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after purchasing an additional 267 shares during the last quarter. Bessemer Group Inc. raised its position in UMB Financial by 72.8% during the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after purchasing an additional 177 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in UMB Financial by 88.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock worth $50,000 after purchasing an additional 199 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in UMB Financial by 168.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock worth $89,000 after purchasing an additional 472 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF opened at $124.65 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $118.85 and its two-hundred day simple moving average is $118.46. The stock has a market capitalization of $9.47 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 0.85 and a beta of 0.78. UMB Financial Corporation has a 12 month low of $98.16 and a 12 month high of $136.11.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to the consensus estimate of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the business posted $2.58 EPS. As a group, analysts predict that UMB Financial Corporation will post 12.76 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a $0.43 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is currently 15.26%.

Analyst Ratings Changes

Several brokerages recently issued reports on UMBF. Keefe, Bruyette & Woods raised their target price on UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Morgan Stanley lowered their target price on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Finally, Barclays raised their target price on UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, UMB Financial currently has an average rating of “Buy” and an average target price of $145.55.

UMB Financial Company Profile

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.