Geode Capital Management LLC Has $219.53 Million Stock Position in UMB Financial Corporation $UMBF

Geode Capital Management LLC lifted its stake in UMB Financial Corporation (NASDAQ:UMBF) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,907,978 shares of the bank’s stock after purchasing an additional 33,078 shares during the quarter. Geode Capital Management LLC owned 2.51% of UMB Financial worth $219,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Torren Management LLC acquired a new position in shares of UMB Financial in the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC boosted its position in UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after acquiring an additional 267 shares during the period. Global Retirement Partners LLC boosted its position in UMB Financial by 419.2% during the 4th quarter. Global Retirement Partners LLC now owns 405 shares of the bank’s stock worth $47,000 after acquiring an additional 327 shares during the period. Bessemer Group Inc. boosted its position in UMB Financial by 72.8% during the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after acquiring an additional 177 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in UMB Financial by 88.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock worth $50,000 after acquiring an additional 199 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Up 0.8%

UMBF opened at $129.19 on Wednesday. UMB Financial Corporation has a fifty-two week low of $98.16 and a fifty-two week high of $136.11. The business has a 50-day moving average of $122.88 and a 200-day moving average of $120.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $9.82 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 0.87 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $739.16 million during the quarter, compared to the consensus estimate of $701.79 million. During the same period last year, the business earned $2.58 EPS. The business’s quarterly revenue was up 31.1% on a year-over-year basis. Equities research analysts forecast that UMB Financial Corporation will post 12.76 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is 15.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings upgraded UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Morgan Stanley decreased their price objective on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. TD Cowen raised their price objective on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Hovde Group raised their price objective on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Piper Sandler raised their price objective on UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $145.55.

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.