UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,883,750 shares of the bank’s stock after selling 71,012 shares during the quarter. Allspring Global Investments Holdings LLC owned about 3.86% of UMB Financial worth $198,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC acquired a new stake in UMB Financial during the 2nd quarter worth approximately $3,808,000. BNP Paribas Financial Markets lifted its holdings in shares of UMB Financial by 35.0% in the 1st quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock valued at $2,132,000 after buying an additional 6,351 shares during the period. Vanguard Group Inc. lifted its holdings in shares of UMB Financial by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after buying an additional 394,578 shares during the period. Sei Investments Co. lifted its holdings in shares of UMB Financial by 9.4% in the 1st quarter. Sei Investments Co. now owns 170,363 shares of the bank’s stock valued at $14,820,000 after buying an additional 14,674 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of UMB Financial by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after buying an additional 100,000 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the sale, the chief executive officer now owns 1,600,904 shares in the company, valued at $162,988,036.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Amy Harris sold 736 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $95.05, for a total transaction of $69,956.80. Following the sale, the executive vice president now owns 2,899 shares in the company, valued at $275,549.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the transaction, the chief executive officer now owns 1,600,904 shares in the company, valued at $162,988,036.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,596 shares of company stock worth $4,224,884 over the last quarter. 8.85% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UMBF has been the subject of several recent analyst reports. Wells Fargo & Company raised their price target on UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Piper Sandler raised their price target on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Citigroup assumed coverage on UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target for the company. Finally, Barclays raised their price objective on UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.86.

UMB Financial Price Performance

NASDAQ UMBF traded down $2.32 during mid-day trading on Friday, hitting $109.35. The stock had a trading volume of 368,327 shares, compared to its average volume of 356,938. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of $103.13 and a 200 day simple moving average of $91.44. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 14.52 and a beta of 0.78. UMB Financial Co. has a 52-week low of $58.92 and a 52-week high of $113.30.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.15. The company had revenue of $390.03 million during the quarter, compared to the consensus estimate of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. UMB Financial’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 earnings per share. Equities analysts forecast that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.43%. The ex-dividend date was Tuesday, September 10th. UMB Financial’s payout ratio is 20.72%.

UMB Financial Company 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.