Wealthfront Advisers LLC Takes $1.90 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Wealthfront Advisers LLC purchased a new position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,866 shares of the bank's stock, valued at approximately $1,903,000.

A number of other institutional investors have also recently bought and sold shares of the business. King Luther Capital Management Corp increased its position in UMB Financial by 13.6% during the fourth quarter. King Luther Capital Management Corp now owns 53,535 shares of the bank's stock worth $6,042,000 after buying an additional 6,419 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UMB Financial by 11.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,645 shares of the bank's stock worth $1,314,000 after buying an additional 1,190 shares during the last quarter. AlphaQuest LLC increased its position in UMB Financial by 55.1% during the fourth quarter. AlphaQuest LLC now owns 26,415 shares of the bank's stock worth $2,981,000 after buying an additional 9,382 shares during the last quarter. Edgestream Partners L.P. acquired a new position in UMB Financial during the fourth quarter worth approximately $2,155,000. Finally, Inceptionr LLC acquired a new position in UMB Financial during the fourth quarter worth approximately $305,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction on Friday, February 21st. The stock was 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 in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 8.85% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UMBF shares. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. Citigroup reaffirmed a "neutral" rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Piper Sandler boosted 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. Morgan Stanley cut their price target on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, UMB Financial presently has an average rating of "Moderate Buy" and a consensus target price of $128.71.

UMB Financial Price Performance

NASDAQ UMBF traded up $1.23 on Wednesday, hitting $103.59. 418,224 shares of the company's stock were exchanged, compared to its average volume of 457,221. The stock has a 50-day moving average of $111.67 and a 200-day moving average of $112.45. 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 Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 11.52 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results 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 return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the firm earned $2.29 earnings per share. Analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's payout ratio is presently 17.80%.

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.