OLD Mission Capital LLC Purchases New Position in UMB Financial Co. (NASDAQ:UMBF)

OLD Mission Capital LLC acquired a new position in shares of UMB Financial Co. (NASDAQ:UMBF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 29,152 shares of the bank’s stock, valued at approximately $3,290,000. OLD Mission Capital LLC owned 0.06% of UMB Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of UMB Financial by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 308,544 shares of the bank’s stock valued at $34,822,000 after buying an additional 26,186 shares during the period. Wellington Management Group LLP increased its position in UMB Financial by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock valued at $228,122,000 after purchasing an additional 102,104 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of UMB Financial by 7.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,200 shares of the bank’s stock valued at $1,038,000 after purchasing an additional 653 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of UMB Financial by 9.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 3,603 shares of the bank’s stock worth $397,000 after purchasing an additional 304 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in shares of UMB Financial by 25.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,791 shares of the bank’s stock valued at $766,000 after purchasing an additional 1,369 shares in the last quarter. 87.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UMBF shares. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th. Piper Sandler upped their price objective on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup reiterated a “neutral” rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Finally, Barclays lifted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $128.71.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction 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 sale, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This 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 UMB Financial stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.45% of the company’s stock.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $100.53 on Wednesday. The firm has a market capitalization of $7.30 billion, a P/E ratio of 11.18 and a beta of 0.79. 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. The company has a 50 day moving average price of $109.05 and a 200 day moving average price of $112.48.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping the consensus estimate 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 in the prior year, the company earned $2.29 earnings per share. Sell-side analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Monday, March 10th. UMB Financial’s dividend payout ratio is presently 17.80%.

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.