Tributary Capital Management LLC Increases Holdings in UMB Financial Co. (NASDAQ:UMBF)

Tributary Capital Management LLC boosted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,649 shares of the bank’s stock after purchasing an additional 2,347 shares during the period. UMB Financial comprises approximately 1.7% of Tributary Capital Management LLC’s holdings, making the stock its 20th largest holding. Tributary Capital Management LLC owned about 0.41% of UMB Financial worth $22,532,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in UMB Financial during the 3rd quarter valued at approximately $26,000. Covestor Ltd boosted its position in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares in the last quarter. USA Financial Formulas boosted its position 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 acquiring 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 approximately $83,000. Finally, Acropolis Investment Management LLC bought a new stake in UMB Financial during the 3rd quarter valued at approximately $156,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF opened at $121.04 on Friday. The firm has a market cap of $5.91 billion, a PE ratio of 15.13 and a beta of 0.82. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $119.05 and a two-hundred day simple moving average of $108.71. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. The business had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same period in the previous year, the business earned $2.02 EPS. On average, equities analysts anticipate that UMB Financial Co. will post 9.23 EPS for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.32%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date was Tuesday, December 10th. UMB Financial’s dividend payout ratio is 20.00%.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the completion of the transaction, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at $171,581,813.32. This represents a 1.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Pauls sold 849 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $110.42, for a total transaction of $93,746.58. Following the transaction, the executive vice president now directly owns 6,483 shares of the company’s stock, valued at $715,852.86. This trade represents a 11.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,303 shares of company stock worth $5,879,967 in the last three months. Corporate insiders own 8.85% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UMBF. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Wells Fargo & Company upped their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Morgan Stanley initiated coverage on UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective on the stock. Royal Bank of Canada initiated coverage on UMB Financial in a research report on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 price objective on the stock. Finally, Barclays upped their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.00.

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.