UMB Financial Corporation $UMBF Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 290.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,355 shares of the bank’s stock after buying an additional 9,932 shares during the period. Hsbc Holdings PLC’s holdings in UMB Financial were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after acquiring an additional 1,286,543 shares during the period. Wellington Management Group LLP boosted its stake in shares of UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after acquiring an additional 751,525 shares in the last quarter. Norges Bank acquired a new stake in shares of UMB Financial in the 4th quarter worth approximately $85,885,000. UMB Bank n.a. grew its holdings in shares of UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after acquiring an additional 493,875 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in shares of UMB Financial by 1,148.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock worth $48,554,000 after acquiring an additional 388,253 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMB Financial

In other news, President James D. Rine sold 8,246 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the sale, the president directly owned 61,446 shares in the company, valued at $8,147,125.14. This represents a 11.83% 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, Director Kevin Charles Gallagher sold 381 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total value of $50,627.28. Following the sale, the director directly owned 12,223 shares in the company, valued at approximately $1,624,192.24. The trade was a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a report on Friday. Piper Sandler upped their target price on UMB Financial from $155.00 to $161.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Citigroup raised their price target on UMB Financial from $138.00 to $144.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Zacks Research downgraded UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Morgan Stanley lifted their price target on UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.17.

UMB Financial Trading Down 0.2%

Shares of UMBF opened at $140.97 on Tuesday. 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 1-year low of $103.38 and a 1-year high of $148.31. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.78 and a beta of 0.77. The firm has a 50 day simple moving average of $137.42 and a 200-day simple moving average of $127.16.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.UMB Financial’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 EPS. Equities analysts forecast that UMB Financial Corporation will post 12.85 EPS for the current fiscal year.

About UMB Financial

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.