15,523 Shares in UMB Financial Co. (NASDAQ:UMBF) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,523 shares of the bank’s stock, valued at approximately $1,752,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas grew its holdings in shares of UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after purchasing an additional 268 shares during the period. Point72 Asset Management L.P. purchased a new stake in UMB Financial during the third quarter worth approximately $83,000. Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial in the fourth quarter worth $96,000. Steward Partners Investment Advisory LLC purchased a new position in shares of UMB Financial in the 4th quarter valued at $103,000. Finally, R Squared Ltd purchased a new position in shares of UMB Financial in the 4th quarter valued at $117,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays increased their price target on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Piper Sandler raised their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a 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 on the stock in a research report on Thursday, March 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Citigroup reiterated a “neutral” rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.71.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This 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 insiders.

UMB Financial Stock Performance

UMB Financial stock opened at $103.59 on Thursday. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market cap of $7.52 billion, a P/E ratio of 11.52 and a beta of 0.79. The stock has a 50 day moving average of $111.54 and a 200-day moving average of $112.39.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the company posted $2.29 earnings per share. On average, analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed 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. This represents a $1.60 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio is currently 17.80%.

UMB Financial Company Profile

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.