Raymond James Financial Inc. Takes Position in UMB Financial Co. (NASDAQ:UMBF)

Raymond James Financial Inc. bought a new position 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 bought 100,625 shares of the bank's stock, valued at approximately $11,357,000. Raymond James Financial Inc. owned about 0.21% of UMB Financial at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UMBF. Proficio Capital Partners LLC bought a new position in shares of UMB Financial in the 4th quarter worth approximately $1,752,000. Atria Investments Inc increased its holdings in UMB Financial by 10.3% during the fourth quarter. Atria Investments Inc now owns 8,406 shares of the bank's stock valued at $949,000 after buying an additional 787 shares during the last quarter. Cookson Peirce & Co. Inc. raised its position in UMB Financial by 57.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 6,243 shares of the bank's stock worth $705,000 after acquiring an additional 2,282 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in shares of UMB Financial during the 4th quarter worth $103,000. Finally, US Bancorp DE grew its position in shares of UMB Financial by 46.9% during the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after acquiring an additional 4,182 shares during the period. Institutional investors own 87.78% of the company's stock.

UMB Financial Price Performance

UMBF traded up $2.92 during trading on Monday, reaching $105.27. 617,206 shares of the company traded hands, compared to its average volume of 772,454. The company has a market cap of $7.65 billion, a P/E ratio of 11.71 and a beta of 0.79. 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 firm has a fifty day simple moving average of $111.24 and a 200 day simple moving average of $112.44.

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UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate 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. On average, equities analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

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. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. UMB Financial's dividend payout ratio (DPR) is 17.80%.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 3,500 shares of the company'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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the firm'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 transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several analyst reports. Citigroup reiterated a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Piper Sandler increased their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.