UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,883,750 shares of the bank's stock after selling 71,012 shares during the quarter. Allspring Global Investments Holdings LLC owned about 3.86% of UMB Financial worth $198,001,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in UMB Financial during the 3rd quarter worth approximately $26,000. 1620 Investment Advisors Inc. purchased a new stake in UMB Financial during the 2nd quarter worth approximately $128,000. CWM LLC grew its position in UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank's stock worth $162,000 after purchasing an additional 129 shares during the last quarter. Heritage Family Offices LLP purchased a new stake in UMB Financial during the 3rd quarter worth approximately $203,000. Finally, Janney Montgomery Scott LLC purchased a new stake in UMB Financial during the 1st quarter worth approximately $252,000. Institutional investors own 87.78% of the company's stock.

UMB Financial Stock Performance

Shares of UMBF stock traded down $2.32 during trading hours on Friday, hitting $109.35. The company's stock had a trading volume of 368,327 shares, compared to its average volume of 321,204. The company has a 50 day moving average of $103.13 and a 200 day moving average of $91.50. UMB Financial Co. has a 12-month low of $58.92 and a 12-month high of $113.30. The stock has a market cap of $5.33 billion, a PE ratio of 14.11 and a beta of 0.78. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.01 by $0.15. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The firm had revenue of $390.03 million for the quarter, compared to the consensus estimate of $384.96 million. During the same period in the prior year, the firm posted $1.93 earnings per share. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts forecast that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, September 10th. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

Analyst Ratings Changes

Several analysts have weighed in on UMBF shares. Citigroup started coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a "buy" rating and a $127.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of UMB Financial from $90.00 to $107.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 1st. Barclays upped their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Finally, Piper Sandler upped their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, UMB Financial has a consensus rating of "Moderate Buy" and a consensus target price of $105.86.

Insider Buying and Selling

In related news, EVP Amy Harris sold 736 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $95.05, for a total transaction of $69,956.80. Following the sale, the executive vice president now directly owns 2,899 shares of the company's stock, valued at approximately $275,549.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the company's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the completion of the transaction, the chief executive officer now directly owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Amy Harris sold 736 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $95.05, for a total transaction of $69,956.80. Following the transaction, the executive vice president now owns 2,899 shares of the company's stock, valued at $275,549.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,596 shares of company stock valued at $4,224,884. Corporate insiders own 8.85% of the company's stock.

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.