UMB Financial Corporation $UMBF is Gator Capital Management LLC’s 4th Largest Position

Gator Capital Management LLC raised its position in UMB Financial Corporation (NASDAQ:UMBFFree Report) by 33.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 136,130 shares of the bank’s stock after acquiring an additional 34,480 shares during the quarter. UMB Financial makes up about 3.2% of Gator Capital Management LLC’s holdings, making the stock its 4th largest holding. Gator Capital Management LLC’s holdings in UMB Financial were worth $15,660,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UMBF. Alliancebernstein L.P. increased its stake in UMB Financial by 636.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after buying an additional 1,286,543 shares during the period. Wellington Management Group LLP increased its stake in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after buying an additional 751,525 shares during the period. Norges Bank purchased a new position in UMB Financial during the fourth quarter worth about $85,885,000. State Street Corp lifted its position in UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after purchasing an additional 313,414 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in UMB Financial in the third quarter valued at about $29,484,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UMBF shares. Truist Financial set a $140.00 price objective on shares of UMB Financial in a research report on Friday, May 1st. Hovde Group raised their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Morgan Stanley reduced their price objective on shares of UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Barclays raised their price objective on shares of UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, TD Cowen raised their price objective on shares of UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $145.55.

View Our Latest Stock Analysis on UMB Financial

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $135.37 on Friday. UMB Financial Corporation has a 52 week low of $98.16 and a 52 week high of $136.11. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market cap of $10.29 billion, a P/E ratio of 12.01, a PEG ratio of 0.90 and a beta of 0.78. The company has a 50-day moving average price of $126.33 and a 200 day moving average price of $121.61.

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

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a $0.43 dividend. The ex-dividend date 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 is currently 15.26%.

Insider Buying and Selling

In related news, President James D. Rine sold 8,246 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the sale, the president owned 61,446 shares in the company, valued at $8,147,125.14. This represents a 11.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 381 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the sale, the director owned 12,223 shares in the company, valued at approximately $1,624,192.24. This represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.33% of the company’s stock.

About UMB Financial

(Free Report)

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.

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Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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