Sterling Capital Management LLC Has $1.63 Million Stake in UMB Financial Co. (NASDAQ:UMBF)

Sterling Capital Management LLC raised its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 37.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,439 shares of the bank's stock after acquiring an additional 3,938 shares during the period. Sterling Capital Management LLC's holdings in UMB Financial were worth $1,630,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UMBF. Covestor Ltd lifted its position in UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after purchasing an additional 124 shares during the period. Invesco Ltd. raised its position in shares of UMB Financial by 31.4% in the 4th quarter. Invesco Ltd. now owns 309,980 shares of the bank's stock valued at $34,984,000 after buying an additional 74,038 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of UMB Financial by 16.5% during the 4th quarter. Bank of Montreal Can now owns 6,270 shares of the bank's stock worth $708,000 after acquiring an additional 886 shares during the period. Federated Hermes Inc. boosted its position in shares of UMB Financial by 107.7% during the 4th quarter. Federated Hermes Inc. now owns 118,527 shares of the bank's stock worth $13,377,000 after acquiring an additional 61,468 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in UMB Financial in the fourth quarter valued at approximately $2,190,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Trading Up 0.5 %

Shares of UMBF stock traded up $0.46 on Friday, hitting $91.51. The company had a trading volume of 441,203 shares, compared to its average volume of 522,172. The stock's 50-day moving average is $100.79 and its two-hundred day moving average is $110.94. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The firm has a market cap of $6.65 billion, a P/E ratio of 10.18 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping 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 in the previous year, the firm earned $2.29 earnings per share. On average, equities research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial's dividend payout ratio is 17.80%.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UMBF shares. Wells Fargo & Company reduced their target price on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $128.00 price objective 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 note on Thursday, April 3rd. Barclays reduced their price target on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Piper Sandler increased their price target on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.13.

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.