Peregrine Capital Management LLC Has $7.12 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Peregrine Capital Management LLC lessened its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,054 shares of the bank's stock after selling 9,222 shares during the quarter. Peregrine Capital Management LLC owned about 0.13% of UMB Financial worth $7,116,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of UMB Financial during the 3rd quarter worth about $26,000. Covestor Ltd raised its position 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 raised its position 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. bought a new position in shares of UMB Financial in the third quarter valued at approximately $83,000. Finally, Venturi Wealth Management LLC bought a new position in shares of UMB Financial in the fourth quarter valued at approximately $96,000. Institutional investors own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the sale, the chief executive officer now owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the 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 sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UMBF. Wells Fargo & Company upped their price target on shares of UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Citigroup reaffirmed a "neutral" rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Morgan Stanley assumed coverage on UMB Financial in a research report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price target on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Finally, StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $130.14.

UMB Financial Stock Performance

UMBF stock traded down $3.05 during midday trading on Friday, hitting $106.91. The stock had a trading volume of 467,773 shares, compared to its average volume of 820,670. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 11.89 and a beta of 0.82. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The stock has a 50-day simple moving average of $115.63 and a 200 day simple moving average of $111.43. 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 posted its earnings results on Tuesday, January 28th. The bank reported $2.49 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 quarter in the prior year, the firm posted $2.29 earnings per share. As a group, equities research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial's payout ratio is 17.80%.

UMB Financial Company 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.