Victory Capital Management Inc. Cuts Position in UMB Financial Co. (NASDAQ:UMBF)

Victory Capital Management Inc. lowered its position in UMB Financial Co. (NASDAQ:UMBF) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,448,194 shares of the bank’s stock after selling 179,373 shares during the quarter. Victory Capital Management Inc. owned 2.97% of UMB Financial worth $163,443,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Covestor Ltd increased its position in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares in the last quarter. USA Financial Formulas increased its position in 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 in the last quarter. Point72 Asset Management L.P. purchased a new stake in UMB Financial during the 3rd quarter worth about $83,000. Venturi Wealth Management LLC purchased a new stake in UMB Financial during the 4th quarter worth about $96,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in UMB Financial during the 4th quarter worth about $103,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling

In related news, 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 transaction, the director now owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by insiders.

UMB Financial Stock Performance

UMB Financial stock opened at $104.49 on Thursday. The firm’s 50 day simple moving average is $113.88 and its 200-day simple moving average is $112.40. The company has a market cap of $5.10 billion, a P/E ratio of 11.62 and a beta of 0.82. 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 fifty-two week low of $76.00 and a fifty-two 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 (EPS) for the quarter, beating 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 previous year, the firm earned $2.29 earnings per share. As a group, equities research analysts predict that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is currently 17.80%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UMBF. Royal Bank of Canada reiterated a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Morgan Stanley began coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Barclays raised their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company 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.