Signaturefd LLC Sells 230 Shares of UMB Financial Co. (NASDAQ:UMBF)

Signaturefd LLC cut its holdings in UMB Financial Co. (NASDAQ:UMBF) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,502 shares of the bank’s stock after selling 230 shares during the quarter. Signaturefd LLC’s holdings in UMB Financial were worth $293,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arizona State Retirement System boosted its stake in 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 acquiring an additional 178 shares during the last quarter. AlphaMark Advisors LLC raised its holdings in UMB Financial by 5.1% in the fourth quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank’s stock worth $331,000 after purchasing an additional 194 shares during the period. Kavar Capital Partners Group LLC raised its holdings in UMB Financial by 2.8% in 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 during the period. PNC Financial Services Group Inc. raised its holdings in UMB Financial by 6.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,286 shares of the bank’s stock worth $328,000 after purchasing an additional 318 shares during the period. Finally, Keybank National Association OH raised its holdings in UMB Financial by 7.6% in the third quarter. Keybank National Association OH now owns 9,005 shares of the bank’s stock worth $559,000 after purchasing an additional 635 shares during the period. 87.78% of the stock is owned by institutional investors.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total value of $95,387.40. Following the sale, the insider now directly owns 15,217 shares in the company, valued at approximately $1,228,011.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $83.10, for a total value of $290,850.00. Following the completion of the transaction, the chief executive officer now owns 252,114 shares of the company’s stock, valued at approximately $20,950,673.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total transaction of $95,387.40. Following the completion of the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at approximately $1,228,011.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,277 shares of company stock worth $2,264,661. Insiders own 8.85% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on UMBF. Raymond James increased their target price 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. Wells Fargo & Company increased their target price 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. Barclays began coverage on shares of UMB Financial in a report on Friday, March 8th. They issued an “equal weight” rating and a $91.00 target price on the stock. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Finally, Piper Sandler raised their price objective on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Four research 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 company’s stock. Based on data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

UMB Financial Trading Down 0.6 %

Shares of NASDAQ:UMBF opened at $83.17 on Friday. UMB Financial Co. has a 12 month low of $50.68 and a 12 month high of $87.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $81.92 and its 200 day simple moving average is $77.51. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 11.58 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The firm had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. During the same period in the previous year, the business earned $2.06 EPS. The company’s revenue was up .0% compared to the same quarter last year. As a group, research analysts forecast that UMB Financial Co. will post 7.41 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. Shareholders of record on Monday, March 11th were paid a $0.39 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.56 annualized dividend and a yield of 1.88%. UMB Financial’s payout ratio is currently 21.73%.

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.