UMB Financial Co. (NASDAQ:UMBF) Stake Lessened by Bailard Inc.

Bailard Inc. reduced its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 47.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,816 shares of the bank's stock after selling 3,400 shares during the quarter. Bailard Inc.'s holdings in UMB Financial were worth $431,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in UMB Financial in the 3rd quarter valued at about $48,531,000. Captrust Financial Advisors lifted its position in UMB Financial by 258.0% in the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank's stock valued at $41,245,000 after buying an additional 282,783 shares during the last quarter. Systematic Financial Management LP boosted its stake in UMB Financial by 438.8% during the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock worth $33,693,000 after buying an additional 261,055 shares during the period. Finally, Holocene Advisors LP acquired a new stake in shares of UMB Financial during the third quarter valued at about $18,838,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Stock Down 1.2 %

Shares of NASDAQ:UMBF traded down $1.24 on Thursday, hitting $103.25. 274,196 shares of the company's stock were exchanged, compared to its average volume of 445,304. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a market capitalization of $5.04 billion, a PE ratio of 11.47 and a beta of 0.82. 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 firm's 50-day moving average is $113.88 and its 200 day moving average is $112.40.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the previous year, the business posted $2.29 earnings per share. Sell-side analysts predict that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

Insider Transactions at UMB Financial

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UMBF. Piper Sandler lifted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Morgan Stanley initiated coverage on shares of UMB Financial in a research note on Thursday, November 21st. They set an "overweight" rating and a $156.00 price target on the stock. Citigroup restated a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Finally, StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $130.14.

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.