Vontobel Holding Ltd. Has $528,000 Position in UMB Financial Corporation $UMBF

Vontobel Holding Ltd. lifted its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 10.1% during the second quarter, HoldingsChannel reports. The firm owned 5,022 shares of the bank’s stock after acquiring an additional 460 shares during the quarter. Vontobel Holding Ltd.’s holdings in UMB Financial were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Louisiana State Employees Retirement System raised its position in shares of UMB Financial by 5.2% during the second quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the bank’s stock worth $2,114,000 after purchasing an additional 1,000 shares during the period. RMG Wealth Management LLC acquired a new stake in UMB Financial in the 2nd quarter valued at approximately $306,000. OLD National Bancorp IN raised its position in UMB Financial by 0.4% in the 2nd quarter. OLD National Bancorp IN now owns 22,834 shares of the bank’s stock valued at $2,401,000 after buying an additional 100 shares during the last quarter. Hilltop National Bank acquired a new stake in UMB Financial in the 2nd quarter valued at approximately $105,000. Finally, Truist Financial Corp raised its position in UMB Financial by 0.5% in the 2nd quarter. Truist Financial Corp now owns 20,426 shares of the bank’s stock valued at $2,148,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on UMB Financial from $122.00 to $128.00 and gave the company a “sector perform” rating in a research report on Friday. Wells Fargo & Company lifted their target price on UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. TD Cowen assumed coverage on UMB Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $151.00 target price on the stock. Barclays set a $155.00 target price on UMB Financial and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, Hovde Group assumed coverage on UMB Financial in a research report on Monday, October 6th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $116.21 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94. The stock has a 50 day moving average of $118.68 and a 200-day moving average of $107.46. The company has a market capitalization of $8.82 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.15 and a beta of 0.73.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The company had revenue of $689.21 million during the quarter, compared to the consensus estimate of $638.25 million. During the same period in the previous year, the company posted $2.16 EPS. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. As a group, equities research analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, September 10th. UMB Financial’s payout ratio is currently 18.39%.

Insider Buying and Selling at UMB Financial

In related news, insider Phillip James Mason sold 750 shares of UMB Financial stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $120.97, for a total transaction of $90,727.50. Following the completion of the sale, the insider directly owned 8,815 shares of the company’s stock, valued at approximately $1,066,350.55. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stacy H. King sold 1,500 shares of UMB Financial stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $118.88, for a total value of $178,320.00. Following the sale, the insider directly owned 9,472 shares of the company’s stock, valued at approximately $1,126,031.36. The trade was a 13.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. 5.45% of the stock is currently owned by company insiders.

UMB Financial 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.