Venturi Wealth Management LLC Makes New $96,000 Investment in UMB Financial Co. (NASDAQ:UMBF)

Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 850 shares of the bank’s stock, valued at approximately $96,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Truist Financial Corp boosted its stake 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. Monument Capital Management lifted its holdings in shares of UMB Financial by 9.6% in the fourth quarter. Monument Capital Management now owns 2,920 shares of the bank’s stock valued at $330,000 after purchasing an additional 255 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of UMB Financial by 8.0% during the fourth quarter. Congress Asset Management Co. now owns 125,604 shares of the bank’s stock worth $14,176,000 after buying an additional 9,349 shares during the period. Rhumbline Advisers grew its holdings in shares of UMB Financial by 0.3% during the fourth quarter. Rhumbline Advisers now owns 157,642 shares of the bank’s stock worth $17,791,000 after buying an additional 510 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in UMB Financial by 107.8% in the 4th quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock valued at $626,000 after buying an additional 2,877 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the sale, the chief executive officer now owns 1,552,304 shares of the company’s stock, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the company’s 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 completion of the transaction, the director now owns 13,010 shares in the company, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UMBF has been the subject of several research reports. Royal Bank of Canada reaffirmed 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 started coverage on shares of UMB Financial in a research report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price for the company. Piper Sandler boosted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock 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. Finally, Wells Fargo & Company upped their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.14.

UMB Financial Trading Down 2.8 %

UMB Financial stock opened at $106.91 on Monday. 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 stock has a 50-day simple moving average of $115.32 and a 200 day simple moving average of $111.82. The stock has a market capitalization of $5.22 billion, a P/E ratio of 11.89 and a beta of 0.82. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its 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 return on equity of 13.73% and a net margin of 15.76%. During the same quarter last year, the firm posted $2.29 EPS. Analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s payout ratio is presently 17.80%.

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.