UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.3% in the second quarter, HoldingsChannel.com reports. The fund owned 198,107 shares of the bank’s stock after buying an additional 501 shares during the quarter. Tributary Capital Management LLC’s holdings in UMB Financial were worth $16,526,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UMBF. Louisiana State Employees Retirement System acquired a new position in shares of UMB Financial in the fourth quarter valued at approximately $1,028,000. Mackenzie Financial Corp acquired a new position in UMB Financial during the fourth quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in UMB Financial by 7.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,013 shares of the bank’s stock worth $837,000 after purchasing an additional 730 shares during the last quarter. New York State Common Retirement Fund increased its position in UMB Financial by 1.8% during the fourth quarter. New York State Common Retirement Fund now owns 18,085 shares of the bank’s stock worth $1,511,000 after purchasing an additional 323 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in UMB Financial during the fourth quarter worth approximately $470,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of several research analyst reports. Barclays upped their price target on shares of UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Piper Sandler upped their price target on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Keefe, Bruyette & Woods upgraded shares of UMB Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $93.00 to $98.00 in a research note on Friday, May 31st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, UMB Financial has an average rating of “Moderate Buy” and a consensus price target of $102.33.

Insider Activity

In other news, CEO J Mariner Kemper sold 2,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $81.39, for a total value of $162,780.00. Following the completion of the transaction, the chief executive officer now directly owns 1,698,104 shares in the company, valued at $138,208,684.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO J Mariner Kemper sold 2,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $81.39, for a total value of $162,780.00. Following the sale, the chief executive officer now directly owns 1,698,104 shares of the company’s stock, valued at $138,208,684.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tamara Peterman purchased 396 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the completion of the acquisition, the director now directly owns 7,407 shares of the company’s stock, valued at $737,440.92. The disclosure for this purchase can be found here. Over the last three months, insiders sold 31,846 shares of company stock worth $2,785,719. 8.85% of the stock is currently owned by company insiders.

UMB Financial Trading Up 5.9 %

UMBF traded up $5.79 during trading on Friday, hitting $104.08. 444,573 shares of the company’s stock were exchanged, compared to its average volume of 355,235. The firm has a market cap of $5.07 billion, a P/E ratio of 13.82 and a beta of 0.80. The stock has a 50 day moving average price of $90.84 and a 200 day moving average price of $84.96. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a 1 year low of $57.91 and a 1 year high of $105.21.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.15. The business had revenue of $390.03 million during the quarter, compared to the consensus estimate of $384.96 million. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 earnings per share. As a group, analysts expect that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.50%. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

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.