GW&K Investment Management LLC Lowers Position in UMB Financial Co. (NASDAQ:UMBF)

GW&K Investment Management LLC lessened its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 650,172 shares of the bank's stock after selling 3,326 shares during the period. GW&K Investment Management LLC owned 1.33% of UMB Financial worth $73,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UMBF. Covestor Ltd grew its position in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after purchasing an additional 102 shares in the last quarter. USA Financial Formulas boosted 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 during the period. Point72 Asset Management L.P. purchased a new position in UMB Financial during the 3rd quarter valued at about $83,000. Venturi Wealth Management LLC bought a new stake in shares of UMB Financial during the fourth quarter valued at about $96,000. Finally, R Squared Ltd purchased a new stake in shares of UMB Financial in the fourth quarter worth about $117,000. Institutional investors own 87.78% of the company's stock.

UMB Financial Price Performance

Shares of UMBF stock traded down $4.71 during trading hours on Tuesday, hitting $103.95. 719,140 shares of the company's stock were exchanged, compared to its average volume of 442,631. The company has a market capitalization of $5.07 billion, a PE ratio of 11.56 and a beta of 0.82. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. The business's 50 day simple moving average is $114.34 and its 200-day simple moving average is $112.41.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts' consensus estimates 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 firm posted $2.29 EPS. On average, equities research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.54%. UMB Financial's payout ratio is 17.80%.

Insiders Place Their Bets

In other news, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction dated 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 approximately $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UMBF shares. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Citigroup reaffirmed a "neutral" rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Piper Sandler lifted their price objective on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.