746,569 Shares in UMB Financial Corporation $UMBF Acquired by Norges Bank

Norges Bank bought a new position in shares of UMB Financial Corporation (NASDAQ:UMBFFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 746,569 shares of the bank’s stock, valued at approximately $85,885,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UMBF. Torren Management LLC acquired a new stake in UMB Financial during the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC raised its position in UMB Financial by 193.5% in the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after purchasing an additional 267 shares during the period. Global Retirement Partners LLC raised its position in UMB Financial by 419.2% in the fourth quarter. Global Retirement Partners LLC now owns 405 shares of the bank’s stock valued at $47,000 after purchasing an additional 327 shares during the period. Bessemer Group Inc. raised its position 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 purchasing an additional 177 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in UMB Financial by 88.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock valued at $50,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Up 0.9%

Shares of NASDAQ:UMBF opened at $129.92 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 52-week low of $98.16 and a 52-week high of $136.11. The company has a 50 day moving average of $124.27 and a two-hundred day moving average of $120.66. The company has a market capitalization of $9.87 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.88 and a beta of 0.78.

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

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given 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 presently 15.26%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UMBF. Weiss Ratings upgraded UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Barclays increased their target price on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Truist Financial set a $140.00 price objective on shares of UMB Financial in a research report on Friday, May 1st. Morgan Stanley lowered 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. Finally, Royal Bank Of Canada increased their price objective on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, UMB Financial presently has an average rating of “Buy” and a consensus target price of $145.55.

Read Our Latest Analysis on UMB Financial

UMB Financial Profile

(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.

See Also

Want to see what other hedge funds are holding UMBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMB Financial Corporation (NASDAQ:UMBFFree Report).

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

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.