Thrivent Financial for Lutherans Has $2.01 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Thrivent Financial for Lutherans lowered its holdings in UMB Financial Co. (NASDAQ:UMBF – Free Report) by 10.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 17,833 shares of the bank’s stock after selling 2,169 shares during the period. Thrivent Financial for Lutherans’ holdings in UMB Financial were worth $2,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Principal Financial Group Inc. lifted its stake in UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of UMB Financial in the third quarter worth approximately $48,531,000. Captrust Financial Advisors boosted its holdings in shares of UMB Financial by 258.0% during the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock worth $41,245,000 after purchasing an additional 282,783 shares during the period. Systematic Financial Management LP grew its position in UMB Financial by 438.8% during the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock valued at $33,693,000 after purchasing an additional 261,055 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in UMB Financial in the 3rd quarter valued at approximately $18,838,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Piper Sandler upped their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Morgan Stanley reduced their price target on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Barclays increased their price objective on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $128.71.

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Insiders Place Their Bets

In other news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.45% of the company’s stock.

UMB Financial Stock Performance

UMBF opened at $100.19 on Friday. The stock has a 50-day moving average of $109.83 and a 200-day moving average of $112.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The company has a market cap of $7.28 billion, a PE ratio of 11.14 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF – Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the prior year, the firm earned $2.29 EPS. As a group, equities research analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.60%. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

UMB Financial Company Profile

(Free Report)

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.