Venturi Wealth Management LLC Takes Position in UMB Financial Co. (NASDAQ:UMBF)

Venturi Wealth Management LLC bought a new position in shares of UMB Financial Co. (NASDAQ:UMBF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 850 shares of the bank’s stock, valued at approximately $96,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of UMB Financial by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after acquiring an additional 21,091 shares during the last quarter. FMR LLC raised its position in UMB Financial by 2.7% during the 3rd quarter. FMR LLC now owns 949,687 shares of the bank’s stock worth $99,822,000 after purchasing an additional 24,799 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after buying an additional 694,751 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of UMB Financial by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank’s stock valued at $60,982,000 after buying an additional 24,124 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its position in shares of UMB Financial by 1.7% during the third quarter. Global Alpha Capital Management Ltd. now owns 552,159 shares of the bank’s stock worth $58,037,000 after acquiring an additional 9,400 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares of the company’s stock, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the sale, the chief executive officer now directly owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF opened at $106.91 on Monday. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The company has a market cap of $5.22 billion, a PE ratio of 11.89 and a beta of 0.82. The stock has a 50-day moving average of $115.32 and a 200-day moving average of $111.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS 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 period in the previous year, the firm earned $2.29 earnings per share. On average, equities research analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently commented on UMBF. Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Wells Fargo & Company boosted their target price 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. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Citigroup reissued a “neutral” rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $130.14.

UMB Financial 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.