Cinctive Capital Management LP Purchases 23,572 Shares of UMB Financial Co. (NASDAQ:UMBF)

Cinctive Capital Management LP increased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 163.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,987 shares of the bank's stock after buying an additional 23,572 shares during the quarter. Cinctive Capital Management LP owned about 0.08% of UMB Financial worth $4,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UMBF. Principal Financial Group Inc. grew its holdings in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after purchasing an additional 694,751 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in UMB Financial during the third quarter worth about $48,531,000. Systematic Financial Management LP grew its stake in UMB Financial by 438.8% during the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock worth $33,693,000 after buying an additional 261,055 shares in the last quarter. Barclays PLC increased its holdings in UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after buying an additional 170,375 shares during the period. Finally, Norges Bank acquired a new position in shares of UMB Financial in the 4th quarter valued at approximately $15,835,000. Institutional investors own 87.78% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on UMBF. Morgan Stanley reduced their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Citigroup restated a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Piper Sandler lifted their price target on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a report on Thursday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $128.71.

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Insiders Place Their Bets

In other news, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the company'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 value of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company's stock.

UMB Financial Price Performance

Shares of UMBF traded down $0.64 during trading hours on Monday, reaching $86.25. The stock had a trading volume of 609,137 shares, compared to its average volume of 499,672. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94. The stock has a market capitalization of $6.27 billion, a PE ratio of 9.60 and a beta of 0.71. The company's 50-day moving average is $107.40 and its two-hundred day moving average is $112.23.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating 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 prior year, the firm earned $2.29 earnings per share. Research analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.86%. UMB Financial's dividend payout ratio is presently 17.80%.

UMB Financial 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.