UMB Financial Corporation $UMBF Position Increased by GW&K Investment Management LLC

GW&K Investment Management LLC grew its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 20.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 742,958 shares of the bank’s stock after purchasing an additional 123,726 shares during the period. UMB Financial accounts for 0.8% of GW&K Investment Management LLC’s portfolio, making the stock its 22nd biggest position. GW&K Investment Management LLC owned approximately 0.98% of UMB Financial worth $87,930,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in shares of UMB Financial by 219.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in UMB Financial by 193.5% in the second 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 last quarter. Bessemer Group Inc. boosted its stake in UMB Financial by 72.8% in the third quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after acquiring an additional 177 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of UMB Financial by 168.6% during the third quarter. Smartleaf Asset Management LLC now owns 752 shares of the bank’s stock valued at $89,000 after purchasing an additional 472 shares during the last quarter. Finally, Covestor Ltd grew its holdings in shares of UMB Financial by 46.2% during the third quarter. Covestor Ltd now owns 798 shares of the bank’s stock valued at $94,000 after purchasing an additional 252 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Price Performance

Shares of UMBF opened at $119.19 on Thursday. UMB Financial Corporation has a one year low of $82.00 and a one year high of $136.11. The stock’s fifty day moving average is $123.50 and its 200-day moving average is $118.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.85 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last announced 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. The firm had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. UMB Financial’s revenue was up 66.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.49 EPS. Equities analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be issued a $0.43 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is 18.84%.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 15,367 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares in the company, valued at $174,323,616.12. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 388 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the completion of the sale, the director owned 12,488 shares of the company’s stock, valued at $1,614,698.40. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,469 shares of company stock worth $4,218,998 over the last quarter. 5.45% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UMBF shares. Royal Bank Of Canada set a $134.00 price objective on UMB Financial and gave the company an “outperform” rating in a research report on Monday, January 12th. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Truist Financial set a $150.00 price target on shares of UMB Financial in a report on Friday, January 30th. TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a report on Thursday, January 29th. Finally, Citigroup lifted their price objective on shares of UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, UMB Financial currently has a consensus rating of “Buy” and a consensus target price of $141.18.

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.