UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,310,807 shares of the bank’s stock after purchasing an additional 44,150 shares during the period. Vanguard Group Inc. owned 8.84% of UMB Financial worth $360,168,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of UMBF. Comerica Bank increased its holdings in UMB Financial by 1.2% in the fourth quarter. Comerica Bank now owns 18,816 shares of the bank’s stock valued at $1,572,000 after buying an additional 224 shares during the last quarter. Seven Eight Capital LP bought a new stake in UMB Financial in the 4th quarter valued at about $1,145,000. Keeley Teton Advisors LLC boosted its position in UMB Financial by 62.5% during the 4th quarter. Keeley Teton Advisors LLC now owns 18,516 shares of the bank’s stock worth $1,547,000 after acquiring an additional 7,120 shares during the period. Rafferty Asset Management LLC raised its stake in shares of UMB Financial by 23.4% during the fourth quarter. Rafferty Asset Management LLC now owns 70,896 shares of the bank’s stock valued at $5,923,000 after purchasing an additional 13,427 shares in the last quarter. Finally, Commerce Bank lifted its holdings in UMB Financial by 7.5% in the fourth quarter. Commerce Bank now owns 40,652 shares of the bank’s stock worth $3,396,000 after purchasing an additional 2,827 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UMBF shares. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Barclays boosted their price target on shares of UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, June 24th. Keefe, Bruyette & Woods upgraded shares of UMB Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $93.00 to $98.00 in a research report on Friday, May 31st. Finally, Wells Fargo & Company boosted their target price on shares of UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.67.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 11,170 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the sale, the chief executive officer now directly owns 1,738,604 shares of the company’s stock, valued at approximately $148,268,149.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 17,572 shares of company stock valued at $1,477,281 over the last quarter. Company insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF opened at $83.42 on Friday. UMB Financial Co. has a one year low of $57.84 and a one year high of $87.36. The company has a 50-day moving average of $82.04 and a two-hundred day moving average of $81.78. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 11.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Monday, April 29th. The bank reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.62. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. The firm had revenue of $405.19 million during the quarter, compared to analyst estimates of $369.80 million. On average, equities research analysts expect that UMB Financial Co. will post 8.41 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be given a $0.39 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.87%. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

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.