Strs Ohio Has $14.17 Million Stock Holdings in UMB Financial Corporation $UMBF

Strs Ohio lifted its position in UMB Financial Corporation (NASDAQ:UMBF) by 10.7% during the 3rd quarter, Holdings Channel reports. The firm owned 119,700 shares of the bank’s stock after buying an additional 11,600 shares during the quarter. Strs Ohio’s holdings in UMB Financial were worth $14,166,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after buying an additional 267 shares in the last quarter. Covestor Ltd raised its stake in shares of UMB Financial by 46.2% in the third quarter. Covestor Ltd now owns 798 shares of the bank’s stock valued at $94,000 after acquiring an additional 252 shares during the last quarter. 1620 Investment Advisors Inc. boosted its holdings in shares of UMB Financial by 8,790.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock worth $116,000 after acquiring an additional 967 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in shares of UMB Financial in the 2nd quarter worth approximately $105,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Trading Down 1.5%

UMBF stock opened at $123.16 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.18. The company has a market cap of $9.36 billion, a P/E ratio of 13.95, a PEG ratio of 1.00 and a beta of 0.78. The business has a fifty day moving average of $116.70 and a 200-day moving average of $115.33.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The firm had revenue of $678.34 million during the quarter, compared to analyst estimates of $661.60 million. During the same period last year, the company earned $2.25 earnings per share. The company’s revenue was up 67.0% on a year-over-year basis. As a group, equities research analysts expect that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 10th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Wednesday, December 10th. UMB Financial’s payout ratio is presently 19.48%.

Insider Buying and Selling at UMB Financial

In related news, Director Greg M. Graves purchased 264 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $106.41 per share, with a total value of $28,092.24. Following the purchase, the director directly owned 38,411 shares in the company, valued at $4,087,314.51. This trade represents a 0.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Kevin Charles Gallagher sold 460 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $110.71, for a total value of $50,926.60. Following the completion of the transaction, the director owned 12,090 shares in the company, valued at $1,338,483.90. This represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 17,127 shares of company stock valued at $1,949,594. 5.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UMBF shares. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a report on Wednesday, January 7th. Raymond James Financial restated a “strong-buy” rating and set a $135.00 target price (down previously from $138.00) on shares of UMB Financial in a report on Thursday, October 30th. Royal Bank Of Canada set a $134.00 price target on UMB Financial and gave the company an “outperform” rating in a report on Monday, January 12th. Piper Sandler reiterated an “overweight” rating and set a $145.00 price target (down previously from $148.00) on shares of UMB Financial in a research report on Thursday, October 30th. Finally, Morgan Stanley raised their price objective on shares of UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and an average target price of $137.10.

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.