60,475 Shares in UMB Financial Co. (NASDAQ:UMBF) Bought by Quantessence Capital LLC

Quantessence Capital LLC acquired a new position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 60,475 shares of the bank's stock, valued at approximately $6,825,000. UMB Financial makes up 2.8% of Quantessence Capital LLC's portfolio, making the stock its 4th largest holding. Quantessence Capital LLC owned about 0.12% of UMB Financial at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UMBF. Truist Financial Corp boosted its holdings in shares of UMB Financial by 0.4% in the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank's stock valued at $2,208,000 after buying an additional 83 shares during the period. Covestor Ltd grew its holdings in shares of UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Heritage Family Offices LLP grew its holdings in shares of UMB Financial by 6.5% during the fourth 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 during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of UMB Financial by 5.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 3,634 shares of the bank's stock worth $410,000 after purchasing an additional 186 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of UMB Financial by 4.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank's stock worth $678,000 after purchasing an additional 232 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now owns 13,010 shares of the company's stock, valued at $1,484,831.30. This trade represents a 3.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.45% of the company's stock.

UMB Financial Stock Down 1.1 %

NASDAQ:UMBF traded down $1.11 during mid-day trading on Friday, reaching $95.66. The stock had a trading volume of 465,936 shares, compared to its average volume of 529,520. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $7.26 billion, a P/E ratio of 10.64 and a beta of 0.71. The business's 50 day moving average is $98.98 and its 200 day moving average is $110.55. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share 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. As a group, sell-side analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.67%. UMB Financial's dividend payout ratio (DPR) is currently 17.80%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UMBF. Barclays cut their target price on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler boosted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Royal Bank of Canada restated a "sector perform" rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Wells Fargo & Company cut their target price on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $122.13.

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.