Federated Hermes Inc. Raises Stake in UMB Financial Co. (NASDAQ:UMBF)

Federated Hermes Inc. increased its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 107.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,527 shares of the bank's stock after buying an additional 61,468 shares during the quarter. Federated Hermes Inc. owned about 0.24% of UMB Financial worth $13,377,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. USA Financial Formulas lifted its stake in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after purchasing an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial in the third quarter valued at about $83,000. Venturi Wealth Management LLC purchased a new position in UMB Financial during the fourth quarter worth about $96,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of UMB Financial during the fourth quarter valued at about $103,000. Finally, R Squared Ltd acquired a new position in shares of UMB Financial in the 4th quarter worth approximately $117,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UMBF has been the topic of a number of research reports. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Morgan Stanley lowered their target price on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Royal Bank of Canada reissued a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Piper Sandler upped 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, Barclays cut their price objective on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $124.57.

Insider Buying and Selling at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now owns 13,010 shares of the company's stock, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the 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 transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This 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 company insiders.

UMB Financial Stock Performance

Shares of NASDAQ UMBF traded up $2.47 during trading hours on Tuesday, reaching $91.21. The stock had a trading volume of 94,122 shares, compared to its average volume of 738,725. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 10.15 and a beta of 0.71. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The firm has a 50-day moving average of $102.66 and a 200-day moving average of $111.25. 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 (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 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 period in the prior year, the business posted $2.29 earnings per share. Equities research analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Monday, March 10th. UMB Financial's dividend payout ratio is currently 17.80%.

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.