Pitcairn Co. Has $351,000 Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Pitcairn Co. grew its holdings in UMB Financial Co. (NASDAQ:UMBF) by 17.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,035 shares of the bank’s stock after buying an additional 604 shares during the quarter. Pitcairn Co.’s holdings in UMB Financial were worth $351,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in UMBF. O Shaughnessy Asset Management LLC increased its position in shares of UMB Financial by 30.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank’s stock worth $300,000 after purchasing an additional 809 shares in the last quarter. Vanguard Group Inc. increased its position in shares of UMB Financial by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after purchasing an additional 394,578 shares in the last quarter. US Bancorp DE increased its position in shares of UMB Financial by 5.0% during the 1st quarter. US Bancorp DE now owns 12,980 shares of the bank’s stock worth $1,129,000 after purchasing an additional 622 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of UMB Financial by 1.9% during the 1st quarter. Russell Investments Group Ltd. now owns 30,016 shares of the bank’s stock worth $2,611,000 after purchasing an additional 567 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of UMB Financial by 9.4% during the 1st quarter. Sei Investments Co. now owns 170,363 shares of the bank’s stock worth $14,820,000 after purchasing an additional 14,674 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 2,302 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $80.72, for a total transaction of $185,817.44. Following the transaction, the chief executive officer now directly owns 1,722,404 shares in the company, valued at approximately $139,032,450.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 22,952 shares of company stock worth $1,909,242 over the last ninety days. Insiders own 8.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods upgraded shares of UMB Financial from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $93.00 to $98.00 in a research report on Friday, May 31st. Barclays increased their price objective on shares of UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, June 24th. Finally, Wells Fargo & Company increased their price objective on shares of UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.67.

UMB Financial Stock Up 2.0 %

Shares of NASDAQ:UMBF traded up $1.92 during midday trading on Thursday, hitting $97.72. The stock had a trading volume of 429,744 shares, compared to its average volume of 342,921. UMB Financial Co. has a 12 month low of $57.91 and a 12 month high of $99.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $84.47 and its 200-day simple moving average is $82.64. The company has a market cap of $4.76 billion, a P/E ratio of 12.90 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Monday, April 29th. The bank reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.62. The business had revenue of $405.19 million during the quarter, compared to the consensus estimate of $369.80 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. On average, sell-side analysts forecast that UMB Financial Co. will post 8.41 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.60%. The ex-dividend date was Monday, June 10th. UMB Financial’s payout ratio is presently 20.72%.

About UMB Financial

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.