Yousif Capital Management LLC Decreases Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Yousif Capital Management LLC reduced its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,589 shares of the bank’s stock after selling 725 shares during the period. Yousif Capital Management LLC’s holdings in UMB Financial were worth $1,759,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in UMB Financial in the 3rd quarter worth approximately $26,000. Covestor Ltd raised its holdings in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares in the last quarter. USA Financial Formulas lifted its stake 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 acquiring an additional 268 shares during the period. Point72 Asset Management L.P. purchased a new position in UMB Financial during the 3rd quarter valued at $83,000. Finally, R Squared Ltd bought a new position in UMB Financial in the 4th quarter worth $117,000. 87.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research reports. Piper Sandler lifted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Citigroup reiterated a “neutral” rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Wells Fargo & Company upped their price target on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Barclays raised their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $130.14.

UMB Financial Stock Up 0.8 %

Shares of UMB Financial stock opened at $114.17 on Wednesday. The company has a 50-day simple moving average of $117.57 and a two-hundred day simple moving average of $110.81. The stock has a market capitalization of $5.57 billion, a PE ratio of 12.70 and a beta of 0.82. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. 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 (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $2.29 earnings per share. On average, analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s payout ratio is currently 17.80%.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,681 shares of company stock worth $3,201,798 in the last quarter. Company insiders own 8.85% of the company’s stock.

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.