Bailard Inc. Reduces Holdings in UMB Financial Co. (NASDAQ:UMBF)

Bailard Inc. lowered its position in UMB Financial Co. (NASDAQ:UMBF) by 47.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,816 shares of the bank’s stock after selling 3,400 shares during the quarter. Bailard Inc.’s holdings in UMB Financial were worth $431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd increased its position in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the last quarter. USA Financial Formulas increased its holdings 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 during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of UMB Financial in the 3rd quarter valued at approximately $83,000. Venturi Wealth Management LLC purchased a new position in shares of UMB Financial during the 4th quarter valued at approximately $96,000. Finally, R Squared Ltd acquired a new stake in shares of UMB Financial during the fourth quarter worth approximately $117,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley assumed coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Citigroup restated a “neutral” rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Piper Sandler increased their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and a consensus price target of $130.14.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $103.95 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average price is $114.10 and its two-hundred day moving average price is $112.45. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The stock has a market capitalization of $5.07 billion, a P/E ratio of 11.56 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the business posted $2.29 EPS. As a group, sell-side analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 17.80%.

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.