Boston Trust Walden Corp Has $28.65 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Boston Trust Walden Corp lowered its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 12.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 272,562 shares of the bank's stock after selling 37,677 shares during the period. Boston Trust Walden Corp owned approximately 0.56% of UMB Financial worth $28,649,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in UMBF. V Square Quantitative Management LLC bought a new stake in UMB Financial in the 3rd quarter valued at $26,000. 1620 Investment Advisors Inc. acquired a new stake in shares of UMB Financial during the 2nd quarter valued at about $128,000. CWM LLC increased its stake in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank's stock valued at $162,000 after acquiring an additional 129 shares during the period. Heritage Family Offices LLP acquired a new position in UMB Financial in the third quarter worth about $203,000. Finally, Greenleaf Trust bought a new position in UMB Financial during the third quarter worth about $233,000. Institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup initiated coverage on UMB Financial in a research note on Thursday, October 10th. They issued a "buy" rating and a $127.00 price objective on the stock. Barclays boosted their price target on UMB Financial from $100.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Piper Sandler increased their price objective on UMB Financial from $102.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price objective on UMB Financial from $90.00 to $107.00 and gave the company an "equal weight" rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.33.

UMB Financial Price Performance

UMBF traded down $1.75 during midday trading on Friday, hitting $104.07. The company had a trading volume of 566,235 shares, compared to its average volume of 357,066. UMB Financial Co. has a twelve month low of $61.18 and a twelve month high of $113.30. The firm's 50-day simple moving average is $104.20 and its 200-day simple moving average is $92.22. The company has a market capitalization of $5.07 billion, a PE ratio of 13.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, beating 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 business had revenue of $390.03 million during the quarter, compared to analyst estimates of $384.96 million. During the same quarter last year, the business posted $1.93 earnings per share. UMB Financial's revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts predict 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 $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, September 10th. UMB Financial's dividend payout ratio is 20.72%.

Insider Buying and Selling

In other UMB Financial news, Director Tamara Peterman bought 396 shares of the business's stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the transaction, the director now owns 7,407 shares in the company, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Kris A. Robbins sold 5,000 shares of the company's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the completion of the sale, the director now owns 3,211 shares in the company, valued at approximately $329,127.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Tamara Peterman bought 396 shares of the business's stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the purchase, the director now directly owns 7,407 shares of the company's stock, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 42,596 shares of company stock worth $4,224,884 over the last three months. 8.85% of the stock is currently owned by company insiders.

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.