Tributary Capital Management LLC Sells 805 Shares of UMB Financial Co. (NASDAQ:UMBF)

Tributary Capital Management LLC decreased its stake in UMB Financial Co. (NASDAQ:UMBF) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,302 shares of the bank’s stock after selling 805 shares during the period. UMB Financial comprises about 1.6% of Tributary Capital Management LLC’s holdings, making the stock its 26th largest holding. Tributary Capital Management LLC owned about 0.40% of UMB Financial worth $20,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in UMBF. State of Michigan Retirement System lifted its stake in UMB Financial by 2.9% in the 1st quarter. State of Michigan Retirement System now owns 10,741 shares of the bank’s stock valued at $934,000 after purchasing an additional 300 shares during the last quarter. Retirement Systems of Alabama raised its stake in UMB Financial by 0.3% during the first quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock worth $4,771,000 after buying an additional 144 shares during the last quarter. BNP Paribas Financial Markets raised its stake in UMB Financial by 35.0% during the first quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock worth $2,132,000 after buying an additional 6,351 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in UMB Financial in the first quarter worth $252,000. Finally, Mutual of America Capital Management LLC grew its holdings in UMB Financial by 8.4% in the first quarter. Mutual of America Capital Management LLC now owns 107,703 shares of the bank’s stock worth $9,369,000 after purchasing an additional 8,380 shares during the period. Institutional investors own 87.78% of the company’s stock.

Insider Activity

In other news, Director Tamara Peterman purchased 396 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the acquisition, the director now directly owns 7,407 shares of the company’s stock, valued at $737,440.92. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Robert Brian Beaird sold 698 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $93.19, for a total transaction of $65,046.62. Following the sale, the insider now directly owns 6,682 shares of the company’s stock, valued at approximately $622,695.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tamara Peterman acquired 396 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the completion of the transaction, the director now directly owns 7,407 shares in the company, valued at $737,440.92. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 42,596 shares of company stock valued at $4,224,884. Corporate insiders own 8.85% of the company’s stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $104.07 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a 12 month low of $61.18 and a 12 month high of $113.30. The stock has a market cap of $5.07 billion, a P/E ratio of 13.43 and a beta of 0.78. The company has a 50 day moving average of $104.20 and a 200 day moving average of $92.22.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The business had revenue of $390.03 million during the quarter, compared to analysts’ expectations of $384.96 million. During the same quarter in the previous year, the company earned $1.93 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.50%. UMB Financial’s dividend payout ratio (DPR) is 20.13%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Piper Sandler boosted their price target on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Citigroup assumed coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and a consensus price target of $111.33.

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.