CIBC Private Wealth Group LLC Acquires 304 Shares of UMB Financial Co. (NASDAQ:UMBF)

CIBC Private Wealth Group LLC raised its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,603 shares of the bank’s stock after purchasing an additional 304 shares during the period. CIBC Private Wealth Group LLC’s holdings in UMB Financial were worth $397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. USA Financial Formulas raised its holdings in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in UMB Financial during the 3rd quarter valued at $83,000. Venturi Wealth Management LLC purchased a new stake in shares of UMB Financial in the 4th quarter worth about $96,000. Steward Partners Investment Advisory LLC bought a new stake in shares of UMB Financial during the 4th quarter valued at about $103,000. Finally, R Squared Ltd bought a new stake in UMB Financial during the 4th quarter valued at approximately $117,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UMBF shares. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a report on Thursday. Piper Sandler boosted 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 reaffirmed a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.71.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $86.88 on Friday. The firm has a market cap of $6.31 billion, a PE ratio of 9.66 and a beta of 0.79. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94. The stock has a 50 day moving average of $107.40 and a 200 day moving average of $112.18. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last posted its earnings results 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 in the prior year, the firm posted $2.29 EPS. On average, research analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $0.40 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. UMB Financial’s dividend payout ratio is presently 17.80%.

Insider Transactions at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction on 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 sale, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction on 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 directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.45% 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.