Knights of Columbus Asset Advisors LLC Acquires New Shares in UMB Financial Co. (NASDAQ:UMBF)

Knights of Columbus Asset Advisors LLC bought a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,263 shares of the bank's stock, valued at approximately $2,287,000.

Several other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its stake in shares of UMB Financial by 51.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank's stock worth $3,041,000 after buying an additional 9,803 shares during the last quarter. Commerce Bank raised its holdings in UMB Financial by 0.3% during the third quarter. Commerce Bank now owns 41,708 shares of the bank's stock worth $4,384,000 after acquiring an additional 142 shares in the last quarter. King Luther Capital Management Corp boosted its position in UMB Financial by 229.6% during the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank's stock valued at $4,952,000 after purchasing an additional 32,820 shares during the last quarter. Intech Investment Management LLC grew its stake in UMB Financial by 35.8% in the third quarter. Intech Investment Management LLC now owns 13,311 shares of the bank's stock valued at $1,399,000 after purchasing an additional 3,507 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in shares of UMB Financial by 48.1% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 5,792 shares of the bank's stock worth $609,000 after purchasing an additional 1,882 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

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Insider Activity

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the firm's 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 trade represents a 3.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was 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 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 5.45% of the company's stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of recent analyst reports. Barclays raised their price objective on 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 reaffirmed a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Tuesday. 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 research note on Thursday, January 30th. Finally, Citigroup reiterated a "neutral" rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, UMB Financial presently has a consensus rating of "Hold" and an average price target of $128.71.

UMB Financial Price Performance

Shares of NASDAQ:UMBF traded down $2.01 during trading on Thursday, reaching $101.85. The company had a trading volume of 447,053 shares, compared to its average volume of 467,363. The company has a fifty day moving average of $110.53 and a two-hundred day moving average of $112.45. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.40 billion, a P/E ratio of 11.33 and a beta of 0.79. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly 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 quarter last year, the business earned $2.29 earnings per share. Equities research analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Monday, March 10th. UMB Financial's payout ratio is 17.80%.

UMB Financial 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.