Emerald Advisers LLC Has $17.04 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Emerald Advisers LLC raised its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 23.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,007 shares of the bank’s stock after purchasing an additional 28,592 shares during the quarter. Emerald Advisers LLC’s holdings in UMB Financial were worth $17,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas increased its stake in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in UMB Financial during the 3rd quarter valued at $83,000. Venturi Wealth Management LLC bought a new stake in UMB Financial during the 4th quarter valued at $96,000. Steward Partners Investment Advisory LLC bought a new stake in UMB Financial during the 4th quarter valued at $103,000. Finally, R Squared Ltd bought a new stake in UMB Financial during the 4th quarter valued at $117,000. Institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares in the company, 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 8.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on UMBF. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Morgan Stanley reduced their target price 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. Piper Sandler upped their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. StockNews.com upgraded shares of 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 target price (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.71.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $102.35 on Friday. The company’s 50-day moving average is $111.24 and its 200 day moving average is $112.37. 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 company has a market capitalization of $7.44 billion, a P/E ratio of 11.38 and a beta of 0.79. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share 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 period in the prior year, the company posted $2.29 EPS. On average, equities research analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

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. This represents a $1.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

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.