Wolverine Asset Management LLC Makes New Investment in UMB Financial Co. (NASDAQ:UMBF)

Wolverine Asset Management LLC acquired a new position in shares of UMB Financial Co. (NASDAQ:UMBF) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,621 shares of the bank’s stock, valued at approximately $470,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in UMB Financial by 73.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock worth $160,505,000 after acquiring an additional 1,095,630 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of UMB Financial by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,842,050 shares of the bank’s stock worth $153,903,000 after buying an additional 23,689 shares during the last quarter. American Century Companies Inc. lifted its position in shares of UMB Financial by 4.3% in the 3rd quarter. American Century Companies Inc. now owns 1,817,350 shares of the bank’s stock worth $112,767,000 after buying an additional 75,140 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of UMB Financial by 8.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,731,904 shares of the bank’s stock worth $107,465,000 after buying an additional 131,926 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of UMB Financial by 5.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 931,648 shares of the bank’s stock worth $57,809,000 after buying an additional 47,349 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Trading Down 0.6 %

Shares of NASDAQ:UMBF opened at $83.17 on Friday. The company has a market cap of $4.05 billion, a PE ratio of 11.58 and a beta of 0.83. The company’s 50-day moving average price is $81.92 and its 200 day moving average price is $77.51. UMB Financial Co. has a fifty-two week low of $50.68 and a fifty-two week high of $87.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The firm had revenue of $370.80 million for the quarter, compared to the consensus estimate of $360.69 million. During the same period last year, the firm posted $2.06 EPS. UMB Financial’s quarterly revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that UMB Financial Co. will post 7.41 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, March 8th. UMB Financial’s dividend payout ratio is currently 21.73%.

Insider Transactions at UMB Financial

In other news, insider Abigail M. Wendel sold 1,182 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the completion of the sale, the insider now directly owns 15,217 shares of the company’s stock, valued at approximately $1,228,011.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO J Mariner Kemper sold 11,170 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $85.28, for a total value of $952,577.60. Following the sale, the chief executive officer now directly owns 1,738,604 shares in the company, valued at approximately $148,268,149.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail M. Wendel sold 1,182 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $80.70, for a total transaction of $95,387.40. Following the completion of the sale, the insider now owns 15,217 shares in the company, valued at $1,228,011.90. The disclosure for this sale can be found here. In the last three months, insiders sold 27,277 shares of company stock valued at $2,264,661. Company insiders own 8.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Raymond James raised their price target on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Wells Fargo & Company raised their price target on shares of UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. Piper Sandler raised their price target on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Barclays began coverage on shares of UMB Financial in a research report on Friday, March 8th. They issued an “equal weight” rating and a $91.00 price target on the stock. Finally, StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus price target of $88.00.

UMB Financial 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.