Nisa Investment Advisors LLC Increases Position in UMB Financial Co. (NASDAQ:UMBF)

Nisa Investment Advisors LLC grew its holdings in UMB Financial Co. (NASDAQ:UMBF) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 18,440 shares of the bank’s stock after buying an additional 825 shares during the period. Nisa Investment Advisors LLC’s holdings in UMB Financial were worth $1,541,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of UMB Financial by 6.2% in the second quarter. Franklin Resources Inc. now owns 2,334 shares of the bank’s stock valued at $201,000 after buying an additional 137 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of UMB Financial by 1.4% in the third quarter. Arizona State Retirement System now owns 13,121 shares of the bank’s stock valued at $814,000 after buying an additional 178 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in shares of UMB Financial by 5.1% in the fourth quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank’s stock valued at $331,000 after buying an additional 194 shares during the last quarter. Kavar Capital Partners Group LLC raised its holdings in UMB Financial by 2.8% during the third quarter. Kavar Capital Partners Group LLC now owns 7,302 shares of the bank’s stock worth $453,000 after purchasing an additional 200 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in UMB Financial by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 11,507 shares of the bank’s stock worth $970,000 after purchasing an additional 205 shares in the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UMBF shares. Raymond James increased their price target on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Barclays started coverage on shares of UMB Financial in a report on Friday, March 8th. They set an “equal weight” rating and a $91.00 price target for the company. Wells Fargo & Company increased their price target on shares of UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Finally, Piper Sandler increased their target price on shares of UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 625 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $80.21, for a total transaction of $50,131.25. Following the sale, the director now owns 12,859 shares in the company, valued at $1,031,420.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Kevin Charles Gallagher sold 625 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $80.21, for a total transaction of $50,131.25. Following the sale, the director now owns 12,859 shares in the company, valued at $1,031,420.39. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $83.10, for a total transaction of $290,850.00. Following the sale, the chief executive officer now owns 252,114 shares in the company, valued at approximately $20,950,673.40. The disclosure for this sale can be found here. Insiders have sold 27,277 shares of company stock worth $2,264,661 over the last ninety days. 8.85% of the stock is currently owned by insiders.

UMB Financial Trading Down 0.9 %

Shares of UMB Financial stock opened at $80.07 on Monday. The company has a 50-day moving average of $81.66 and a two-hundred day moving average of $76.26. The stock has a market cap of $3.90 billion, a PE ratio of 11.15 and a beta of 0.83. UMB Financial Co. has a 12-month low of $50.68 and a 12-month high of $87.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating the consensus estimate of $1.76 by $0.53. The business had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 earnings per share. On average, research analysts anticipate that UMB Financial Co. will post 7.29 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a $0.39 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.56 annualized dividend and a dividend yield of 1.95%. UMB Financial’s dividend payout ratio is presently 21.73%.

UMB Financial 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.