914 Shares in UMB Financial Co. (NASDAQ:UMBF) Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC acquired a new stake in UMB Financial Co. (NASDAQ:UMBF) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 914 shares of the bank’s stock, valued at approximately $103,000.

A number of other institutional investors have also recently bought and sold shares of UMBF. Geode Capital Management LLC lifted its position in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares during the last quarter. FMR LLC lifted its position in shares of UMB Financial by 2.7% during the 3rd quarter. FMR LLC now owns 949,687 shares of the bank’s stock valued at $99,822,000 after buying an additional 24,799 shares during the last quarter. Principal Financial Group Inc. lifted its position 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 buying an additional 694,751 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of UMB Financial by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank’s stock valued at $60,982,000 after buying an additional 24,124 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. lifted its holdings in UMB Financial by 1.7% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 552,159 shares of the bank’s stock worth $58,037,000 after purchasing an additional 9,400 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on UMBF shares. Morgan Stanley dropped their price objective on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Citigroup reissued a “neutral” rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Barclays increased their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Finally, Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.71.

UMB Financial Price Performance

UMBF opened at $101.94 on Tuesday. The stock’s 50 day simple moving average is $111.83 and its 200 day simple moving average is $112.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 11.34 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results 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 last year, the business posted $2.29 EPS. As a group, 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 will be paid on Tuesday, April 1st. Investors 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 annualized dividend and a yield of 1.57%. UMB Financial’s payout ratio is 17.80%.

Insider Buying and Selling

In other news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 334,347 shares in the company, 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. 8.85% of the stock is owned by corporate insiders.

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.