Proficio Capital Partners LLC Invests $1.75 Million in UMB Financial Co. (NASDAQ:UMBF)

Proficio Capital Partners LLC acquired a new stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,523 shares of the bank's stock, valued at approximately $1,752,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC raised its position in UMB Financial by 767.4% during the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank's stock valued at $2,236,000 after purchasing an additional 18,817 shares during the period. US Bancorp DE raised its position in UMB Financial by 46.9% during the fourth quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after purchasing an additional 4,182 shares during the period. Principal Financial Group Inc. raised its position in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after purchasing an additional 694,751 shares during the period. Natixis Advisors LLC raised its position in UMB Financial by 51.2% during the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank's stock valued at $3,041,000 after purchasing an additional 9,803 shares during the period. Finally, King Luther Capital Management Corp raised its position in UMB Financial by 229.6% during the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank's stock valued at $4,952,000 after purchasing an additional 32,820 shares during the period. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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UMB Financial Trading Down 0.3 %

NASDAQ:UMBF traded down $0.32 during midday trading on Friday, hitting $102.35. The stock had a trading volume of 1,791,262 shares, compared to its average volume of 464,738. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 11.38 and a beta of 0.79. The stock has a 50-day moving average of $111.24 and a 200 day moving average of $112.37. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $2.29 EPS. As a group, sell-side analysts forecast 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 will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.56%. UMB Financial's dividend payout ratio (DPR) is currently 17.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Morgan Stanley decreased their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Barclays increased their price target on UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Piper Sandler increased their price target on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Citigroup reiterated a "neutral" rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Four 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, UMB Financial presently has an average rating of "Moderate Buy" and an average price target of $128.71.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the 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 in the company, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company's stock.

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.