9,500 Shares in UMB Financial Co. (NASDAQ:UMBF) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,500 shares of the bank's stock, valued at approximately $1,075,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UMBF. USA Financial Formulas grew its stake in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in UMB Financial during the 3rd quarter valued at about $83,000. Venturi Wealth Management LLC bought a new stake in UMB Financial during the 4th quarter valued at about $96,000. Steward Partners Investment Advisory LLC purchased a new position in UMB Financial in the fourth quarter worth about $103,000. Finally, R Squared Ltd bought a new position in shares of UMB Financial in the fourth quarter worth approximately $117,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This trade 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 the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares of the company's stock, 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. Insiders own 5.45% of the company's stock.

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UMB Financial Stock Performance

UMBF stock traded down $11.08 during midday trading on Thursday, reaching $90.90. 938,206 shares of the company's stock traded hands, compared to its average volume of 495,325. 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 52-week low of $76.00 and a 52-week high of $129.94. The stock has a market cap of $6.60 billion, a P/E ratio of 10.11 and a beta of 0.79. The stock's 50-day moving average is $108.08 and its 200 day moving average is $112.26.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the business posted $2.29 earnings per share. As a group, analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Monday, March 10th. UMB Financial's dividend payout ratio (DPR) is currently 17.80%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UMBF. Barclays raised their price target 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. Royal Bank of Canada restated a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research report on Thursday. Piper Sandler lifted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Citigroup restated a "neutral" rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. 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, UMB Financial presently has an average rating of "Moderate Buy" and a consensus target price of $128.71.

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.