Strs Ohio Has $10.83 Million Stock Position in UMB Financial Corporation $UMBF

Strs Ohio lowered its stake in UMB Financial Corporation (NASDAQ:UMBF) by 5.9% during the first quarter, HoldingsChannel reports. The firm owned 96,000 shares of the bank’s stock after selling 6,000 shares during the period. Strs Ohio’s holdings in UMB Financial were worth $10,828,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Pictet Asset Management Holding SA boosted its holdings in shares of UMB Financial by 7.5% in the first quarter. Pictet Asset Management Holding SA now owns 12,280 shares of the bank’s stock worth $1,385,000 after buying an additional 860 shares during the period. GHP Investment Advisors Inc. lifted its position in shares of UMB Financial by 4.3% in the 1st quarter. GHP Investment Advisors Inc. now owns 48,740 shares of the bank’s stock valued at $5,497,000 after acquiring an additional 1,995 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of UMB Financial in the 1st quarter valued at approximately $2,335,000. Ritholtz Wealth Management boosted its stake in UMB Financial by 8.2% in the 1st quarter. Ritholtz Wealth Management now owns 1,998 shares of the bank’s stock worth $225,000 after purchasing an additional 152 shares during the period. Finally, MBM Wealth Consultants LLC purchased a new position in UMB Financial during the 1st quarter worth approximately $26,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $143.80 on Monday. The business’s 50-day moving average price is $132.23 and its two-hundred day moving average price is $124.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Corporation has a one year low of $103.38 and a one year high of $146.60. The company has a market capitalization of $10.93 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to the consensus estimate of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the business earned $2.58 EPS. Analysts anticipate that UMB Financial Corporation will post 12.83 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th were issued a $0.43 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.2%. UMB Financial’s dividend payout ratio is currently 15.26%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Weiss Ratings raised shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Hovde Group lifted their price target on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Piper Sandler upped their price target on UMB Financial from $155.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, June 26th. Zacks Research downgraded UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada raised their price objective on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and a consensus target price of $148.09.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the transaction, the director owned 12,223 shares of the company’s stock, valued at approximately $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the sale, the president owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This trade represents a 11.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.33% of the stock is currently owned by company insiders.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.