Dimensional Fund Advisors LP Grows Holdings in UMB Financial Corporation $UMBF

Dimensional Fund Advisors LP increased its stake in UMB Financial Corporation (NASDAQ:UMBF) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,832,827 shares of the bank’s stock after buying an additional 94,451 shares during the period. Dimensional Fund Advisors LP owned about 3.73% of UMB Financial worth $335,264,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its holdings in UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after acquiring an additional 1,286,543 shares in the last quarter. Norges Bank acquired a new position in UMB Financial in the second quarter worth about $93,829,000. State Street Corp grew its stake in UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after purchasing an additional 313,414 shares in the last quarter. William Blair Investment Management LLC bought a new stake in UMB Financial in the third quarter valued at about $29,484,000. Finally, WCM Investment Management LLC acquired a new stake in UMB Financial during the third quarter valued at approximately $21,778,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 388 shares of UMB Financial stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the sale, the director owned 12,488 shares of the company’s stock, valued at $1,614,698.40. The trade was a 3.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 15,214 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $128.59, for a total value of $1,956,368.26. Following the completion of the transaction, the chief executive officer directly owned 1,506,200 shares of the company’s stock, valued at approximately $193,682,258. The trade was a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,469 shares of company stock worth $4,218,998 in the last three months. 5.45% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on UMBF. Morgan Stanley lifted their target price on UMB Financial from $154.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays restated an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a research note on Thursday, January 29th. Truist Financial set a $150.00 target price on shares of UMB Financial in a research note on Friday, January 30th. Keefe, Bruyette & Woods increased their target price on shares of UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $141.18.

UMB Financial Stock Performance

Shares of UMBF opened at $117.46 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $136.11. The firm has a fifty day moving average of $123.47 and a 200-day moving average of $118.38. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 0.85 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. During the same period in the previous year, the business posted $2.49 EPS. UMB Financial’s revenue was up 66.0% on a year-over-year basis. As a group, equities analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s dividend payout ratio (DPR) is currently 18.84%.

UMB Financial 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.