Pacer Advisors Inc. Purchases 1,795 Shares of UMB Financial Co. (NASDAQ:UMBF)

Pacer Advisors Inc. raised its position in UMB Financial Co. (NASDAQ:UMBF) by 27.8% in the 4th quarter, Holdings Channel reports. The firm owned 8,245 shares of the bank’s stock after buying an additional 1,795 shares during the period. Pacer Advisors Inc.’s holdings in UMB Financial were worth $931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UMBF. Covestor Ltd grew its holdings in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares during the last quarter. Heritage Family Offices LLP raised its stake in shares of UMB Financial by 6.5% during the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock worth $232,000 after buying an additional 125 shares during the last quarter. Truist Financial Corp lifted its stake in shares of UMB Financial by 3.3% in the 2nd quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock valued at $354,000 after purchasing an additional 136 shares during the period. Commerce Bank lifted its stake in UMB Financial by 0.3% in the third quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after buying an additional 142 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in UMB Financial by 5.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock valued at $410,000 after purchasing an additional 186 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $113.24 on Tuesday. The stock has a 50 day moving average price of $118.91 and a 200-day moving average price of $110.01. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 12.60 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

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, beating the consensus estimate 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 period in the previous year, the business posted $2.29 earnings per share. Equities analysts expect that UMB Financial Co. will post 9.51 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.41%. UMB Financial’s dividend payout ratio is currently 17.80%.

Insider Buying and Selling

In other news, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. The trade was a 12.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the sale, the chief executive officer now owns 1,552,304 shares of the company’s stock, valued at $193,960,384.80. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial 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 research report on Wednesday, January 29th. Morgan Stanley started coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Piper Sandler upped their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Barclays increased 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.14.

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.