Pitcairn Co. Purchases 286 Shares of UMB Financial Co. (NASDAQ:UMBF)

Pitcairn Co. raised its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 7.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,245 shares of the bank’s stock after acquiring an additional 286 shares during the quarter. Pitcairn Co.’s holdings in UMB Financial were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp lifted its stake in shares of UMB Financial by 0.4% during the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock valued at $2,208,000 after buying an additional 83 shares in the last quarter. Heritage Family Offices LLP raised its holdings in UMB Financial by 6.5% during the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after acquiring an additional 125 shares during the period. Crossmark Global Holdings Inc. raised its holdings in UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock valued at $410,000 after acquiring an additional 186 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of UMB Financial by 4.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank’s stock worth $678,000 after acquiring an additional 232 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of UMB Financial by 3.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank’s stock worth $919,000 after acquiring an additional 236 shares during the period. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $86.88 on Friday. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $6.31 billion, a P/E ratio of 9.66 and a beta of 0.79. The firm’s fifty day moving average price is $107.40 and its 200-day moving average price is $112.18.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating 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 quarter in the prior year, the business earned $2.29 EPS. On average, equities research analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial’s payout ratio is currently 17.80%.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of analyst reports. Piper Sandler boosted their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Thursday. Morgan Stanley reduced their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.71.

Insiders Place Their Bets

In related news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now owns 13,010 shares of the company’s stock, valued at approximately $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.

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.