UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $25.63 Million Position in UMB Financial Corporation $UMBF

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 3.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 179,559 shares of the bank’s stock after selling 7,373 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in UMB Financial were worth $25,634,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in UMBF. United Capital Financial Advisors LLC bought a new stake in UMB Financial in the second quarter valued at about $347,000. Equitable Holdings Inc. acquired a new position in shares of UMB Financial during the 2nd quarter worth about $234,000. Public Employees Retirement System of Ohio acquired a new position in shares of UMB Financial during the 2nd quarter worth about $6,071,000. Capstone Investment Advisors LLC bought a new stake in shares of UMB Financial in the 2nd quarter valued at about $415,000. Finally, Corient Private Wealth LP acquired a new stake in shares of UMB Financial in the 2nd quarter valued at approximately $222,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Up 1.1%

NASDAQ:UMBF opened at $143.44 on Friday. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.69 and a beta of 0.77. UMB Financial Corporation has a twelve month low of $68.92 and a twelve month high of $144.21. The stock’s 50 day moving average price is $144.93 and its two-hundred day moving average price is $131.13. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter last year, the company posted $2.96 earnings per share. Equities research analysts expect that UMB Financial Corporation will post 13.5 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is currently 14.32%.

Insider Buying and Selling

In other news, insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total transaction of $297,200.00. Following the completion of the sale, the insider owned 11,981 shares in the company, valued at approximately $1,780,376.60. This trade represents a 14.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO J. Kemper sold 15,062 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the sale, the chief executive officer owned 1,491,138 shares of the company’s stock, valued at $221,508,549.90. This trade represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 34,171 shares of company stock valued at $4,919,826. 5.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UMBF shares. Stephens began coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target on the stock. TD Cowen reiterated a “buy” rating and issued a $166.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Keefe, Bruyette & Woods increased their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Truist Financial set a $170.00 price objective on shares of UMB Financial and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $166.54.

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.