2,879 Shares in UMB Financial Co. (NASDAQ:UMBF) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in shares of UMB Financial Co. (NASDAQ:UMBFFree Report) during the third quarter, Holdings Channel reports. The fund purchased 2,879 shares of the bank’s stock, valued at approximately $179,000.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in UMB Financial by 2.7% in the second quarter. BlackRock Inc. now owns 5,781,271 shares of the bank’s stock valued at $352,079,000 after acquiring an additional 149,596 shares during the period. State Street Corp lifted its position in shares of UMB Financial by 13.2% during the second quarter. State Street Corp now owns 4,659,547 shares of the bank’s stock worth $285,529,000 after purchasing an additional 545,025 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of UMB Financial by 4.2% during the third quarter. Vanguard Group Inc. now owns 4,356,268 shares of the bank’s stock worth $367,190,000 after purchasing an additional 174,204 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of UMB Financial by 646.3% during the second quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank’s stock worth $158,131,000 after purchasing an additional 2,248,655 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of UMB Financial by 0.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,818,361 shares of the bank’s stock worth $112,829,000 after purchasing an additional 4,617 shares in the last quarter. Institutional investors own 91.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UMBF shares. Janney Montgomery Scott upgraded shares of UMB Financial from a “neutral” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Thursday, October 26th. Raymond James raised their target price on shares of UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Piper Sandler raised their target price on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.80.

Check Out Our Latest Stock Analysis on UMB Financial

UMB Financial Price Performance

UMBF stock opened at $81.67 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a 12 month low of $50.68 and a 12 month high of $92.07. The firm has a market cap of $3.96 billion, a P/E ratio of 11.37 and a beta of 0.84. The company’s 50-day moving average price is $80.96 and its two-hundred day moving average price is $71.00.

UMB Financial (NASDAQ:UMBFGet Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.53. The company had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 EPS. On average, analysts anticipate that UMB Financial Co. will post 7.29 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.91%. UMB Financial’s payout ratio is presently 21.73%.

Insider Activity at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 895 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $83.80, for a total transaction of $75,001.00. Following the completion of the sale, the insider now owns 5,827 shares in the company, valued at approximately $488,302.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Uma Wilson sold 1,007 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $76.00, for a total value of $76,532.00. Following the sale, the executive vice president now directly owns 14,489 shares of the company’s stock, valued at $1,101,164. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Brian Beaird sold 895 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $83.80, for a total transaction of $75,001.00. Following the completion of the sale, the insider now directly owns 5,827 shares in the company, valued at $488,302.60. The disclosure for this sale can be found here. Insiders have sold 10,134 shares of company stock worth $805,365 in the last quarter. Company insiders own 9.77% of the company’s stock.

About UMB Financial

(Free Report)

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. 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.

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Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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