US Bancorp DE Has $1.48 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

US Bancorp DE lifted its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 46.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,105 shares of the bank's stock after purchasing an additional 4,182 shares during the quarter. US Bancorp DE's holdings in UMB Financial were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Covestor Ltd raised its position in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock worth $45,000 after buying an additional 102 shares in the last quarter. USA Financial Formulas increased its stake in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after acquiring an additional 268 shares during the period. Point72 Asset Management L.P. bought a new stake in UMB Financial during the third quarter worth approximately $83,000. Venturi Wealth Management LLC acquired a new stake in UMB Financial in the fourth quarter worth approximately $96,000. Finally, R Squared Ltd bought a new position in UMB Financial during the 4th quarter valued at $117,000. Institutional investors own 87.78% of the company's stock.

Analysts Set New Price Targets

UMBF has been the subject of several research analyst reports. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. 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. Piper Sandler boosted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Morgan Stanley assumed coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an "overweight" rating and a $156.00 target price for the company. Finally, Barclays upped their price target on UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $130.14.

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UMB Financial Trading Up 1.1 %

Shares of UMBF stock traded up $1.10 during trading hours on Wednesday, reaching $99.10. 359,077 shares of the stock traded hands, compared to its average volume of 454,022. The business has a fifty day moving average price of $112.82 and a 200 day moving average price of $112.53. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $7.19 billion, a PE ratio of 11.02 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its 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 in the prior year, the company posted $2.29 EPS. On average, equities research analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm 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 dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.61%. UMB Financial's payout ratio is presently 17.80%.

Insider Buying and Selling at UMB Financial

In other 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 directly 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 SEC, which is available at this link. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $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. Company 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.