Xponance Inc. Buys 2,693 Shares of UMB Financial Co. (NASDAQ:UMBF)

Xponance Inc. raised its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 44.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,733 shares of the bank's stock after purchasing an additional 2,693 shares during the period. Xponance Inc.'s holdings in UMB Financial were worth $986,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UMBF. Principal Financial Group Inc. lifted its holdings in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new position in UMB Financial during the 3rd quarter worth approximately $48,531,000. Captrust Financial Advisors boosted its holdings in UMB Financial by 258.0% in the 3rd quarter. Captrust Financial Advisors now owns 392,397 shares of the bank's stock worth $41,245,000 after acquiring an additional 282,783 shares during the period. Systematic Financial Management LP grew its position in UMB Financial by 438.8% in the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock valued at $33,693,000 after acquiring an additional 261,055 shares in the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of UMB Financial during the third quarter valued at approximately $18,838,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UMBF shares. Piper Sandler boosted their price target on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Barclays increased their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. StockNews.com cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Tuesday. Royal Bank of Canada restated a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, UMB Financial currently has a consensus rating of "Hold" and an average target price of $128.71.

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Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value 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 $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the firm'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. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.45% of the company's stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF traded down $2.01 during trading hours on Thursday, hitting $101.85. 447,053 shares of the company's stock traded hands, compared to its average volume of 467,363. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The company's fifty day simple moving average is $110.53 and its two-hundred day simple moving average is $112.45. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 11.33 and a beta of 0.79.

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 (EPS) 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 prior year, the firm posted $2.29 EPS. As a group, equities analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current fiscal 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 is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. UMB Financial's payout ratio is presently 17.80%.

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.