GW&K Investment Management LLC Takes $20.37 Million Position in UMB Financial Co. (NASDAQ:UMBF)

GW&K Investment Management LLC bought a new position in UMB Financial Co. (NASDAQ:UMBF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 243,768 shares of the bank’s stock, valued at approximately $20,367,000. GW&K Investment Management LLC owned about 0.50% of UMB Financial as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC purchased a new stake in shares of UMB Financial during the 4th quarter worth about $1,415,000. Global Alpha Capital Management Ltd. grew its holdings in UMB Financial by 18.0% in the fourth quarter. Global Alpha Capital Management Ltd. now owns 662,769 shares of the bank’s stock valued at $55,374,000 after purchasing an additional 101,000 shares during the period. PNC Financial Services Group Inc. increased its position in shares of UMB Financial by 20.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,366 shares of the bank’s stock valued at $532,000 after buying an additional 1,080 shares in the last quarter. Norges Bank purchased a new stake in shares of UMB Financial in the fourth quarter valued at approximately $39,376,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of UMB Financial during the 4th quarter worth approximately $4,910,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UMB Financial

In other news, insider Abigail M. Wendel sold 1,182 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the completion of the transaction, the insider now directly owns 15,217 shares in the company, valued at approximately $1,228,011.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the completion of the sale, the insider now owns 15,217 shares in the company, valued at approximately $1,228,011.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 1,440 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $86.59, for a total value of $124,689.60. Following the transaction, the chief executive officer now owns 1,762,904 shares in the company, valued at $152,649,857.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,114 shares of company stock worth $2,171,108. Insiders own 8.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UMBF shares. Barclays raised shares of UMB Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $91.00 to $95.00 in a report on Tuesday, April 30th. Piper Sandler upped their price target on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Wells Fargo & Company lifted their price objective on UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Keefe, Bruyette & Woods increased their target price on UMB Financial from $86.00 to $93.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Finally, Raymond James boosted their price target on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and a consensus price target of $92.00.

UMB Financial Trading Down 0.4 %

NASDAQ UMBF traded down $0.34 on Wednesday, reaching $85.26. 16,202 shares of the company were exchanged, compared to its average volume of 310,282. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average price is $82.32 and its 200 day moving average price is $79.95. The stock has a market capitalization of $4.16 billion, a P/E ratio of 11.37 and a beta of 0.84. UMB Financial Co. has a fifty-two week low of $56.00 and a fifty-two week high of $87.36.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Monday, April 29th. The bank reported $2.47 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.62. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. The firm had revenue of $405.19 million for the quarter, compared to analysts’ expectations of $369.80 million. Analysts forecast that UMB Financial Co. will post 8.41 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Monday, June 10th. UMB Financial’s payout ratio is presently 20.72%.

About UMB Financial

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.