Emerald Advisers LLC Grows Stake in UMB Financial Co. (NASDAQ:UMBF)

Emerald Advisers LLC increased its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,007 shares of the bank's stock after purchasing an additional 28,592 shares during the period. Emerald Advisers LLC owned approximately 0.31% of UMB Financial worth $17,043,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Natixis Advisors LLC grew its holdings in shares of 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 buying an additional 9,803 shares during the last quarter. Commerce Bank lifted its position in UMB Financial by 0.3% in 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 in the last quarter. King Luther Capital Management Corp boosted its stake in UMB Financial by 229.6% during the 3rd 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 last quarter. Intech Investment Management LLC increased its holdings in UMB Financial by 35.8% during the 3rd quarter. Intech Investment Management LLC now owns 13,311 shares of the bank's stock worth $1,399,000 after purchasing an additional 3,507 shares in the last quarter. Finally, Landscape Capital Management L.L.C. raised its stake in shares of UMB Financial by 48.1% in the third quarter. Landscape Capital Management L.L.C. now owns 5,792 shares of the bank's stock worth $609,000 after purchasing an additional 1,882 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

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Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 334,347 shares of the company's stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was 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 directly owns 13,010 shares of the company's stock, valued at $1,484,831.30. The trade was a 3.89 % 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UMBF shares. Morgan Stanley lowered their price target on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Tuesday. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Citigroup reissued a "neutral" rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Piper Sandler boosted their target price on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $128.71.

UMB Financial Stock Performance

Shares of UMBF stock traded down $2.01 during trading hours on Thursday, hitting $101.85. 447,053 shares of the company were exchanged, compared to its average volume of 468,495. UMB Financial Co. has a 52-week low of $76.00 and a 52-week 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. The firm has a fifty day simple moving average of $110.22 and a 200 day simple moving average of $112.37. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 11.33 and a beta of 0.79.

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

UMB Financial Announces Dividend

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 1.57%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's dividend payout ratio is currently 17.80%.

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.