Keeley Teton Advisors LLC Has $707,000 Position in UMB Financial Co. (NASDAQ:UMBF)

Keeley Teton Advisors LLC lessened its stake in UMB Financial Co. (NASDAQ:UMBFFree Report) by 33.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,396 shares of the bank’s stock after selling 5,633 shares during the quarter. Keeley Teton Advisors LLC’s holdings in UMB Financial were worth $707,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of UMB Financial by 2.7% in the 2nd quarter. BlackRock Inc. now owns 5,781,271 shares of the bank’s stock valued at $352,079,000 after acquiring an additional 149,596 shares in the last quarter. State Street Corp boosted its position in UMB Financial by 13.2% during the second quarter. State Street Corp now owns 4,659,547 shares of the bank’s stock valued at $285,529,000 after purchasing an additional 545,025 shares during the last quarter. Vanguard Group Inc. grew its stake in UMB Financial by 4.2% in the third quarter. Vanguard Group Inc. now owns 4,356,268 shares of the bank’s stock valued at $367,190,000 after purchasing an additional 174,204 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of UMB Financial by 646.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank’s stock worth $158,131,000 after purchasing an additional 2,248,655 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of UMB Financial by 0.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,818,361 shares of the bank’s stock worth $112,829,000 after purchasing an additional 4,617 shares in the last quarter. 91.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Janney Montgomery Scott raised shares of UMB Financial from a “neutral” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Thursday, October 26th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Raymond James lifted their price target on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $82.80.

Check Out Our Latest Analysis on UMBF

UMB Financial Stock Performance

NASDAQ UMBF opened at $80.35 on Tuesday. The stock has a market cap of $3.90 billion, a PE ratio of 11.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50-day moving average of $80.14 and a 200-day moving average of $70.60. UMB Financial Co. has a 52-week low of $50.68 and a 52-week high of $92.68.

UMB Financial (NASDAQ:UMBFGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The firm had revenue of $370.80 million during the quarter, compared to the consensus estimate of $360.69 million. During the same period last year, the business posted $2.06 earnings per share. The business’s revenue for the quarter was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that UMB Financial Co. will post 7.14 EPS for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, March 8th. UMB Financial’s dividend payout ratio is 21.73%.

Insiders Place Their Bets

In related news, insider Shannon Andresen Johnson sold 1,036 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $75.83, for a total value of $78,559.88. Following the transaction, the insider now directly owns 16,202 shares in the company, valued at $1,228,597.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Shannon Andresen Johnson sold 1,036 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $75.83, for a total value of $78,559.88. Following the completion of the sale, the insider now directly owns 16,202 shares in the company, valued at $1,228,597.66. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO J Mariner Kemper sold 1,631 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $73.45, for a total value of $119,796.95. Following the transaction, the chief executive officer now owns 1,795,280 shares in the company, valued at approximately $131,863,316. The disclosure for this sale can be found here. Insiders have sold 8,069 shares of company stock worth $640,740 in the last 90 days. Company insiders own 9.77% of the company’s stock.

UMB Financial Company Profile

(Free Report)

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. 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.

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

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