The Vanguard Group, Inc. recently announced the acquisition of new stake in UMB Financial Corporation (NASDAQ:UMBF). The institutional investor has increased its shareholding in the Financial company by 4.27% to 4.28 million shares with purchase of 0.18 million shares. This fresh investment now brings its stake to 8.86% valued currently at $357.51 million. In addition, Victory Capital Management, Inc. raised its holdings by 22901.0 to 1.55 million shares. And Dimensional Fund Advisors LP has lifted its position by 0.99% or 10651.0 shares – to 1.08 million shares.
With over 0.15 million UMB Financial Corporation (UMBF) shares trading Friday and a closing price of $86.91 on the day, the dollar volume was approximately $12.94 million. The shares have shown a positive half year performance of 0.08% and its price on 01/13/23 gained nearly 0.30%. Currently, there are 48.30M common shares owned by the public and among those 43.66M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $101.00 and a low of $86.00. The average price target is 4.7% above its recent price level and a downside to the estimated low will see the stock lose -1.06% over that period. But an upside of 13.95% will see the stock hit the forecast high price target while median target price for the stock is $90.00.
Insiders at the company have transacted a total of 282 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 54 of these insider trades were purchases, accounting for 75,416 shares. Insider sales of the common stock occurred on 228 occasions, with total insider shares sold totaling 81,219 shares.
The top 3 mutual fund holders in UMB Financial Corporation are Allspring Special Small Cap Value, SPDR S&P Dividend ETF, and iShares Core S&P Mid Cap ETF. Allspring Special Small Cap Value owns 1.46 million shares of the company’s stock, all valued at over $122.19 million. The company bought an additional 27669.0 shares recently to bring their total holdings to about 3.03% of the shares outstanding. SPDR S&P Dividend ETF sold 1548.0 shares to see its total holdings shrink to 1.45 million shares valued at over $121.21 million and representing 3.00% of the shares outstanding. iShares Core S&P Mid Cap ETF sold 256.0 shares to bring its total holdings to over 1.34 million shares at a value of $112.04 million. iShares Core S&P Mid Cap ETF now owns shares totaling to 2.78% of the shares outstanding.
Shares of UMB Financial Corporation (NASDAQ: UMBF) opened at $85.85, down -$0.8 from a prior closing price of $86.65. However, the script later moved the day high at 87.75, up 0.30%. The company’s stock has a 5-day price change of 2.85% and -3.75% over the past three months. UMBF shares are trading 4.06% year to date (YTD), with the 12-month market performance down to -20.87% lower. It has a 12-month low price of $76.97 and touched a high of $112.24 over the same period. UMBF has an average intraday trading volume of 203.18K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.82%, 5.06%, and -1.65% respectively.
Institutional ownership of UMB Financial Corporation (NASDAQ: UMBF) shares accounts for 91.30% of the company’s 48.30M shares outstanding. Mutual fund holders own 36.22%, while other institutional holders and individual stakeholders account for 53.66% and 12.96% respectively.
It has a market capitalization of $4.19B and a beta (3y monthly) value of 0.83. The stock’s trailing 12-month PE ratio is 10.34, while the earnings-per-share (ttm) stands at $8.41. The company has a debt-to-equity ratio at 0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.96% over the week and 2.23% over the month.
Analysts forecast that UMB Financial Corporation (UMBF) will achieve an EPS of $2.17 for the current quarter, $1.95 for the next quarter and $8.17 for 2023. The lowest estimate earnings-per-share for the quarter is $1.95 while analysts give the company a high EPS estimate of $2.27. Comparatively, EPS for the current quarter was $1.61 a year ago. Earnings per share for the fiscal year are expected to increase by 22.20%, and -8.16% over the next financial year.
Looking at the support for the UMBF, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on January 04, 2022, with the firm’s price target at $115-$110. Janney coverage for the UMB Financial Corporation (UMBF) stock in a research note released on December 21, 2021 offered a Buy rating with a price target of $115. Wells Fargo was of a view on January 28, 2021 that the stock is Overweight, while Wells Fargo gave the stock Equal Weight rating on July 30, 2020, issuing a price target of $52. Wells Fargo on their part issued Underweight rating on January 06, 2020.
