2,700 Shares in UMB Financial Co. (NASDAQ:UMBF) Acquired by Inceptionr LLC

Inceptionr LLC bought a new position in shares of UMB Financial Co. (NASDAQ:UMBF) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,700 shares of the bank’s stock, valued at approximately $305,000.

Several other hedge funds and other institutional investors have also bought and sold shares of UMBF. Covestor Ltd lifted its stake in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares during the last quarter. USA Financial Formulas raised its holdings in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of UMB Financial during the third quarter valued at about $83,000. Venturi Wealth Management LLC purchased a new stake in shares of UMB Financial during the fourth quarter valued at about $96,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of UMB Financial in the 4th quarter valued at about $103,000. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on UMBF shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Barclays upped their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Piper Sandler raised their price objective 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 began coverage on UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. Finally, Citigroup reissued a “neutral” rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and a consensus price target of $130.14.

Insiders Place Their Bets

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by company insiders.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $103.07 on Monday. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.03 billion, a P/E ratio of 11.46 and a beta of 0.79. The business’s 50 day moving average price is $113.40 and its 200 day moving average price is $112.57.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $2.29 earnings per share. On average, sell-side analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. UMB Financial’s dividend payout ratio (DPR) is currently 17.80%.

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.