Hancock Whitney Corp Acquires 46,386 Shares of UMB Financial Co. (NASDAQ:UMBF)

Hancock Whitney Corp raised its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 578.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,408 shares of the bank's stock after buying an additional 46,386 shares during the quarter. Hancock Whitney Corp owned 0.11% of UMB Financial worth $6,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC acquired a new position in UMB Financial during the third quarter valued at approximately $208,000. Barclays PLC grew its holdings in shares of UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after buying an additional 170,375 shares during the period. Principal Financial Group Inc. grew its holdings in shares of 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 buying an additional 694,751 shares during the period. Ellenbecker Investment Group bought a new stake in shares of UMB Financial in the 4th quarter valued at $212,000. Finally, Assenagon Asset Management S.A. acquired a new stake in UMB Financial during the 4th quarter worth $1,443,000. Institutional investors own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UMBF shares. Barclays lowered their price target on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Piper Sandler raised their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Citigroup reaffirmed a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, UMB Financial has an average rating of "Moderate Buy" and an average target price of $122.13.

UMB Financial Stock Down 1.1 %

Shares of NASDAQ:UMBF traded down $1.11 during midday trading on Friday, reaching $95.66. The company had a trading volume of 465,936 shares, compared to its average volume of 529,520. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The stock has a market cap of $7.26 billion, a PE ratio of 10.64 and a beta of 0.71. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The business's 50 day moving average price is $98.98 and its 200 day moving average price is $110.55.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the company posted $2.29 EPS. Research analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, March 10th. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

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.