Cookson Peirce & Co. Inc. Purchases 2,282 Shares of UMB Financial Co. (NASDAQ:UMBF)

Cookson Peirce & Co. Inc. grew its position in UMB Financial Co. (NASDAQ:UMBF) by 57.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,243 shares of the bank’s stock after buying an additional 2,282 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in UMB Financial were worth $705,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UMBF. Covestor Ltd lifted its holdings in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after purchasing an additional 102 shares in the last quarter. USA Financial Formulas increased its position in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial during the third quarter worth approximately $83,000. Venturi Wealth Management LLC acquired a new position in UMB Financial during the fourth quarter worth approximately $96,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in UMB Financial during the fourth quarter worth approximately $103,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Price Performance

UMBF stock opened at $104.49 on Thursday. The stock has a market capitalization of $5.10 billion, a PE ratio of 11.62 and a beta of 0.82. The company’s 50-day moving average is $113.88 and its 200-day moving average is $112.40. 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 Co. has a 1 year low of $76.00 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm posted $2.29 EPS. Equities research analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.53%. UMB Financial’s payout ratio is 17.80%.

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the sale, 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 SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s 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 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 position. The disclosure for this sale can be found here. 8.85% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have 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 research report on Thursday, December 5th. Morgan Stanley assumed coverage on UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price for the company. Piper Sandler increased their price target 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 upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Citigroup reiterated a “neutral” rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Four investment 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, UMB Financial presently has a consensus 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.