Xponance Inc. Increases Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Xponance Inc. grew its stake in UMB Financial Co. (NASDAQ:UMBF) by 44.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,733 shares of the bank’s stock after buying an additional 2,693 shares during the period. Xponance Inc.’s holdings in UMB Financial were worth $986,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UMBF. USA Financial Formulas grew its position in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $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 third quarter worth about $83,000. Venturi Wealth Management LLC purchased a new position in shares of UMB Financial in the 4th quarter worth about $96,000. Steward Partners Investment Advisory LLC bought a new position in shares of UMB Financial during the 4th quarter valued at about $103,000. Finally, R Squared Ltd purchased a new position in shares of UMB Financial during the 4th quarter valued at about $117,000. Institutional investors own 87.78% of the company’s stock.

Insider Activity at UMB Financial

In related news, Director Kevin Charles Gallagher sold 527 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now directly owns 13,010 shares of the company’s stock, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Barclays increased their target price on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Citigroup reissued a “neutral” rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Piper Sandler upped their price target on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, Morgan Stanley decreased their price objective on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.71.

UMB Financial Stock Down 0.3 %

Shares of NASDAQ:UMBF opened at $102.35 on Monday. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. 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 stock’s 50-day moving average is $111.24 and its 200 day moving average is $112.44. The company has a market cap of $7.44 billion, a PE ratio of 11.38 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating 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 in the prior year, the firm earned $2.29 earnings per share. Sell-side analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s payout ratio is 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.