Cibc World Markets Corp Invests $474,000 in UMB Financial Co. (NASDAQ:UMBF)

Cibc World Markets Corp purchased a new position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,197 shares of the bank's stock, valued at approximately $474,000.

A number of other institutional investors have also modified their holdings of the company. Truist Financial Corp lifted its position in UMB Financial by 0.4% during the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank's stock worth $2,208,000 after buying an additional 83 shares during the period. Heritage Family Offices LLP lifted 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 worth $232,000 after acquiring an additional 125 shares during the period. Crossmark Global Holdings Inc. lifted 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 worth $410,000 after acquiring an additional 186 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of UMB Financial by 4.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank's stock worth $678,000 after acquiring an additional 232 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in UMB Financial by 3.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank's stock valued at $919,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 87.78% of the company's stock.

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UMB Financial Stock Down 1.9 %

NASDAQ:UMBF traded down $2.01 during trading hours on Thursday, hitting $101.85. The stock had a trading volume of 447,053 shares, compared to its average volume of 467,363. The company has a market cap of $7.40 billion, a PE ratio of 11.33 and a beta of 0.79. The business has a 50 day simple moving average of $110.53 and a two-hundred day simple moving average of $112.45. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. 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 - Get Free Report) 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 net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the business posted $2.29 earnings per share. Analysts predict that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid 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 1.57%. UMB Financial's dividend payout ratio (DPR) is presently 17.80%.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UMBF. Piper Sandler lifted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. Barclays upped their price target on UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th. Morgan Stanley reduced their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, StockNews.com downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $128.71.

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.