Cookson Peirce & Co. Inc. Has $705,000 Holdings in UMB Financial Co. (NASDAQ:UMBF)

Cookson Peirce & Co. Inc. grew its position in UMB Financial Co. (NASDAQ:UMBF) by 57.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,243 shares of the bank’s stock after purchasing an additional 2,282 shares during the period. Cookson Peirce & Co. Inc.’s holdings in UMB Financial were worth $705,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UMBF. Truist Financial Corp increased its holdings in shares of UMB Financial by 0.4% during the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock valued at $2,208,000 after acquiring an additional 83 shares during the last quarter. Covestor Ltd increased its holdings in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. Heritage Family Offices LLP increased its holdings in shares of UMB Financial by 6.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after acquiring an additional 125 shares during the last quarter. Commerce Bank increased its holdings in shares of UMB Financial by 0.3% during the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after acquiring an additional 142 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in shares of UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock valued at $410,000 after acquiring an additional 186 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Price Performance

UMB Financial stock opened at $104.49 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $5.10 billion, a PE ratio of 11.62 and a beta of 0.82. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The business has a 50 day simple moving average of $113.88 and a 200 day simple moving average of $112.40.

UMB Financial (NASDAQ:UMBF) last released its quarterly 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 return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the business posted $2.29 earnings per share. On average, sell-side analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. UMB Financial’s dividend payout ratio is 17.80%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler increased their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Barclays increased their target price on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Citigroup restated a “neutral” rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and a consensus price target of $130.14.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial 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 completion of the sale, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.85% 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.