Edgestream Partners L.P. Makes New $2.16 Million Investment in UMB Financial Co. (NASDAQ:UMBF)

Edgestream Partners L.P. purchased a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,096 shares of the bank's stock, valued at approximately $2,155,000.

Several other large investors also recently made changes to their positions in UMBF. Covestor Ltd increased its stake in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after purchasing an additional 102 shares during the period. USA Financial Formulas increased its stake in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after purchasing an additional 268 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial in the third quarter valued at approximately $83,000. Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial in the fourth quarter valued at approximately $96,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of UMB Financial in the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.85% of the company's stock.

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UMB Financial Price Performance

NASDAQ:UMBF traded up $0.99 during trading hours on Wednesday, reaching $98.99. 567,294 shares of the company's stock were exchanged, compared to its average volume of 455,025. The company has a market capitalization of $7.19 billion, a P/E ratio of 11.01 and a beta of 0.79. UMB Financial Co. has a 12 month low of $76.00 and a 12 month 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 business's 50-day simple moving average is $112.54 and its two-hundred day simple moving average is $112.44.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping 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 in the previous year, the business earned $2.29 earnings per share. Sell-side analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, March 10th. UMB Financial's dividend payout ratio is 17.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Piper Sandler raised their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Morgan Stanley started coverage on shares of UMB Financial in a research note on Thursday, November 21st. They set an "overweight" rating and a $156.00 price objective on the stock. Citigroup reiterated a "neutral" rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Barclays raised their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, UMB Financial currently has an average rating of "Moderate Buy" and an average price target of $130.14.

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.