Swiss National Bank Purchases 700 Shares of UMB Financial Co. (NASDAQ:UMBF)

Swiss National Bank raised its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 91,100 shares of the bank’s stock after purchasing an additional 700 shares during the period. Swiss National Bank’s holdings in UMB Financial were worth $10,282,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UMBF. Principal Financial Group Inc. grew its holdings in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares during the period. Zurich Insurance Group Ltd FI bought a new position in UMB Financial during the third quarter valued at $48,531,000. Captrust Financial Advisors grew its holdings in UMB Financial by 258.0% during the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after purchasing an additional 282,783 shares during the period. Systematic Financial Management LP grew its holdings in UMB Financial by 438.8% during the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock valued at $33,693,000 after purchasing an additional 261,055 shares during the period. Finally, Holocene Advisors LP bought a new position in UMB Financial during the third quarter valued at $18,838,000. 87.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UMBF. 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 report on Thursday, March 13th. Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Citigroup reaffirmed a “neutral” rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Finally, Barclays raised their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.71.

UMB Financial Trading Down 0.9 %

Shares of UMBF stock opened at $102.67 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The company has a market capitalization of $7.45 billion, a PE ratio of 11.42 and a beta of 0.79. The business’s fifty day moving average is $111.38 and its 200 day moving average is $112.32.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 business earned $2.29 EPS. On average, equities research analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared 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 1.56%. UMB Financial’s payout ratio is 17.80%.

Insider Buying and Selling at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated 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 transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 8.85% of the company’s stock.

About UMB Financial

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.