US Bancorp DE Buys 4,182 Shares of UMB Financial Co. (NASDAQ:UMBF)

US Bancorp DE grew its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 46.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,105 shares of the bank’s stock after buying an additional 4,182 shares during the quarter. US Bancorp DE’s holdings in UMB Financial were worth $1,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UMBF. Principal Financial Group Inc. boosted its position in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after acquiring an additional 694,751 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in UMB Financial during the third quarter valued at $48,531,000. Captrust Financial Advisors boosted its position in UMB Financial by 258.0% during the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after acquiring an additional 282,783 shares during the last quarter. Systematic Financial Management LP boosted 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 acquiring an additional 261,055 shares during the last quarter. Finally, Holocene Advisors LP bought a new stake in UMB Financial during the third quarter valued at $18,838,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $103.07 on Friday. The stock has a market cap of $5.03 billion, a PE ratio of 11.46 and a beta of 0.79. The company’s fifty day moving average is $113.40 and its 200 day moving average is $112.47. 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.

UMB Financial (NASDAQ:UMBF) last announced its earnings results 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 net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the business posted $2.29 EPS. Research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

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

Insiders Place Their Bets

In related news, 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 transaction of $60,146.51. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.85% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Morgan Stanley assumed coverage on shares of UMB Financial in a report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective on the stock. 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 report 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.14.

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.