Teacher Retirement System of Texas Grows Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Teacher Retirement System of Texas raised its holdings in UMB Financial Co. (NASDAQ:UMBF) by 29.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,008 shares of the bank’s stock after buying an additional 1,833 shares during the quarter. Teacher Retirement System of Texas’ holdings in UMB Financial were worth $904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Truist Financial Corp grew its holdings in UMB Financial by 0.4% in the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock valued at $2,208,000 after purchasing an additional 83 shares during the period. Heritage Family Offices LLP grew its stake in shares of UMB Financial by 6.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after buying an additional 125 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock worth $410,000 after buying an additional 186 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of UMB Financial by 4.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank’s stock worth $678,000 after buying an additional 232 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in UMB Financial by 3.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank’s stock valued at $919,000 after acquiring an additional 236 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Barclays raised 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. Piper Sandler raised their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 25th. Morgan Stanley dropped their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, UMB Financial has a consensus rating of “Hold” and an average price target of $128.71.

UMB Financial Price Performance

UMBF opened at $100.19 on Friday. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 11.14 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a fifty day simple moving average of $109.83 and a 200 day simple moving average of $112.44.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating 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 in the prior year, the firm earned $2.29 earnings per share. Equities research analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is 17.80%.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were 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 of the company’s stock, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, 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. Company insiders own 5.45% of the company’s stock.

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.