Tributary Capital Management LLC Raises Holdings in UMB Financial Co. (NASDAQ:UMBF)

Tributary Capital Management LLC boosted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,649 shares of the bank’s stock after buying an additional 2,347 shares during the quarter. UMB Financial makes up approximately 1.7% of Tributary Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Tributary Capital Management LLC’s holdings in UMB Financial were worth $22,532,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Millennium Management LLC boosted its stake in UMB Financial by 567.1% in the second quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock valued at $61,208,000 after acquiring an additional 623,751 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in UMB Financial in the third quarter valued at approximately $48,531,000. Captrust Financial Advisors boosted its stake in UMB Financial by 258.0% in the third quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock valued at $41,245,000 after acquiring an additional 282,783 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in UMB Financial by 438.8% in the third quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock valued at $33,693,000 after acquiring an additional 261,055 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UMBF shares. Barclays lifted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Morgan Stanley assumed coverage on shares of UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. Royal Bank of Canada assumed coverage on shares of UMB Financial in a research report on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target for the company. Wells Fargo & Company upped their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Citigroup initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Insider Buying and Selling

In other UMB Financial news, insider Robert Brian Beaird sold 854 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the sale, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the sale, the chief executive officer now owns 1,576,604 shares in the company, valued at approximately $171,581,813.32. This trade represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,303 shares of company stock valued at $5,879,967. Company insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $121.04 on Friday. The firm has a 50 day simple moving average of $119.05 and a 200-day simple moving average of $108.71. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 15.13 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter in the prior year, the company posted $2.02 EPS. On average, analysts expect that UMB Financial Co. will post 9.23 EPS for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio (DPR) is presently 20.00%.

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.