OLD Mission Capital LLC Purchases New Shares in UMB Financial Co. (NASDAQ:UMBF)

OLD Mission Capital LLC acquired a new position in UMB Financial Co. (NASDAQ:UMBF) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 29,152 shares of the bank’s stock, valued at approximately $3,290,000.

Several other hedge funds have also modified their holdings of UMBF. Truist Financial Corp raised its holdings in UMB Financial by 0.4% in the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock worth $2,208,000 after purchasing an additional 83 shares during the period. Heritage Family Offices LLP increased its position in shares of UMB Financial by 6.5% in the fourth quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after buying an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of 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 buying an additional 186 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in UMB Financial by 4.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank’s stock valued at $678,000 after acquiring an additional 232 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in UMB Financial by 3.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank’s stock worth $919,000 after acquiring an additional 236 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Price Performance

UMBF stock opened at $100.53 on Wednesday. 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 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $7.30 billion, a PE ratio of 11.18 and a beta of 0.79. The business has a 50 day simple moving average of $109.05 and a 200-day simple moving average of $112.48.

UMB Financial (NASDAQ:UMBF) last issued its earnings results 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 return on equity of 13.73% and a net margin of 15.76%. During the same period in the previous year, the company posted $2.29 earnings per share. Equities research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was 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 of the company’s stock, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the transaction, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UMBF. Morgan Stanley decreased their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Piper Sandler boosted their price objective on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Barclays raised 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. Finally, StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $128.71.

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.