Pitcairn Co. Acquires 286 Shares of UMB Financial Co. (NASDAQ:UMBF)

Pitcairn Co. lifted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,245 shares of the bank’s stock after purchasing an additional 286 shares during the period. Pitcairn Co.’s holdings in UMB Financial were worth $479,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UMBF. Truist Financial Corp grew its position in shares of UMB Financial by 0.4% during the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock worth $2,208,000 after buying an additional 83 shares during the period. Heritage Family Offices LLP boosted its stake in 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 acquiring an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in UMB Financial by 5.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock worth $410,000 after purchasing an additional 186 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in UMB Financial by 4.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank’s stock valued at $678,000 after purchasing an additional 232 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of UMB Financial by 3.0% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank’s stock valued at $919,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial 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 sale, the chief executive officer now directly owns 334,347 shares in the company, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by corporate insiders.

UMB Financial Price Performance

UMBF opened at $86.88 on Friday. The firm’s fifty day moving average price is $107.40 and its two-hundred day moving average price is $112.18. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 9.66 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping 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 in the previous year, the firm earned $2.29 EPS. As a group, analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, March 10th. UMB Financial’s payout ratio is 17.80%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler boosted 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. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Citigroup reiterated a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley decreased their price target 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. Finally, StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and an average price target of $128.71.

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.