Monument Capital Management Grows Holdings in UMB Financial Co. (NASDAQ:UMBF)

Monument Capital Management increased its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 9.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,920 shares of the bank’s stock after buying an additional 255 shares during the period. Monument Capital Management’s holdings in UMB Financial were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UMBF. V Square Quantitative Management LLC acquired a new position in UMB Financial during the third quarter worth $26,000. Covestor Ltd increased its stake 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 in the last quarter. USA Financial Formulas raised its position in shares of UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after purchasing an additional 268 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in UMB Financial in the 3rd quarter valued at about $83,000. Finally, R Squared Ltd acquired a new stake in UMB Financial in the 4th quarter worth about $117,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The shares were 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 owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,681 shares of company stock worth $3,201,798. 8.85% of the stock is currently owned by company insiders.

UMB Financial Price Performance

Shares of UMBF stock opened at $111.86 on Monday. 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 company has a market capitalization of $5.46 billion, a PE ratio of 12.44 and a beta of 0.82. The firm’s 50-day moving average is $116.56 and its two-hundred day moving average is $111.19. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 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 quarter last year, the firm posted $2.29 EPS. Analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Analysts Set New Price Targets

UMBF has been the topic of several research reports. Piper Sandler raised their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Barclays raised their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Citigroup reaffirmed a “neutral” rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Wells Fargo & Company raised their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.14.

UMB Financial Company 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.