Boston Trust Walden Corp Sells 4,612 Shares of UMB Financial Co. (NASDAQ:UMBF)

Boston Trust Walden Corp decreased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 267,950 shares of the bank's stock after selling 4,612 shares during the period. Boston Trust Walden Corp owned 0.55% of UMB Financial worth $30,241,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of UMB Financial in the third quarter worth about $26,000. Covestor Ltd increased its holdings in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock worth $45,000 after acquiring an additional 102 shares during the period. USA Financial Formulas lifted its stake in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. bought a new position in UMB Financial in the 3rd quarter valued at $83,000. Finally, R Squared Ltd purchased a new position in shares of UMB Financial during the 4th quarter valued at $117,000. Institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Wells Fargo & Company raised their price target on UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Citigroup reiterated a "neutral" rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday. Morgan Stanley initiated coverage on shares of UMB Financial in a research report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price objective on the stock. Finally, Barclays lifted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.14.

UMB Financial Price Performance

UMBF traded down $2.23 during midday trading on Friday, hitting $114.11. The stock had a trading volume of 904,817 shares, compared to its average volume of 915,841. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. 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 business has a fifty day moving average of $118.03 and a 200 day moving average of $110.38. The company has a market cap of $5.57 billion, a P/E ratio of 12.69 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, January 28th. The bank reported $2.49 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 quarter last year, the company posted $2.29 EPS. As a group, equities analysts forecast that UMB Financial Co. will post 9.51 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. UMB Financial's dividend payout ratio is currently 17.80%.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 527 shares of the company's stock in a transaction on Monday, February 3rd. The shares were 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 $1,484,831.30. This represents a 3.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the sale, the chief executive officer now directly owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,681 shares of company stock valued at $3,201,798. Insiders own 8.85% of the company's stock.

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.