Cinctive Capital Management LP Boosts Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Cinctive Capital Management LP grew its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 163.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,987 shares of the bank’s stock after purchasing an additional 23,572 shares during the quarter. Cinctive Capital Management LP’s holdings in UMB Financial were worth $4,287,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Truist Financial Corp grew its position in UMB Financial by 0.4% during the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock valued at $2,208,000 after acquiring an additional 83 shares during the last quarter. Heritage Family Offices LLP boosted its stake in shares of UMB Financial by 6.5% in the 4th quarter. Heritage Family Offices LLP now owns 2,059 shares of the bank’s stock valued at $232,000 after purchasing an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of UMB Financial by 5.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank’s stock valued at $410,000 after purchasing an additional 186 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of UMB Financial by 4.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank’s stock valued at $678,000 after purchasing an additional 232 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in UMB Financial by 3.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank’s stock worth $919,000 after purchasing an additional 236 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the transaction, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, 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. 5.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 25th. Piper Sandler lifted 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. Morgan Stanley dropped their price objective on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Barclays lifted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $128.71.

UMB Financial Price Performance

UMBF opened at $101.98 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $7.41 billion, a PE ratio of 11.34 and a beta of 0.79. The stock’s 50 day moving average price is $108.68 and its 200-day moving average price is $112.41. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data 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 quarter in the prior year, the company posted $2.29 EPS. On average, 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial’s payout ratio is currently 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.