Tributary Capital Management LLC Decreases Stake in UMB Financial Corporation (NASDAQ:UMBF)

Tributary Capital Management LLC cut its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 193,292 shares of the bank's stock after selling 6,357 shares during the period. UMB Financial makes up 1.7% of Tributary Capital Management LLC's portfolio, making the stock its 22nd largest holding. Tributary Capital Management LLC owned about 0.25% of UMB Financial worth $19,542,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake in shares of UMB Financial by 442.0% during the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after purchasing an additional 221 shares during the period. Versant Capital Management Inc boosted its position in UMB Financial by 703.2% in the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock valued at $50,000 after buying an additional 436 shares during the period. Covestor Ltd boosted its position in UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after buying an additional 124 shares during the period. Fifth Third Bancorp boosted its position in UMB Financial by 38.1% in the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after buying an additional 172 shares during the period. Finally, Marquette Asset Management LLC purchased a new stake in UMB Financial in the 1st quarter valued at about $82,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Royal Bank Of Canada lowered their price objective on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Truist Financial set a $128.00 price objective on shares of UMB Financial and gave the company a "buy" rating in a research report on Friday, July 11th. Piper Sandler set a $135.00 price objective on shares of UMB Financial and gave the company an "overweight" rating in a research report on Friday, June 13th. Finally, Bank of America assumed coverage on shares of UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, UMB Financial currently has a consensus rating of "Hold" and a consensus target price of $127.00.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 5,412 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total transaction of $550,995.72. Following the completion of the transaction, the chief executive officer owned 288,945 shares in the company, valued at $29,417,490.45. The trade was a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.45% of the stock is currently owned by company insiders.

UMB Financial Stock Up 0.3%

Shares of UMBF traded up $0.31 during mid-day trading on Friday, hitting $109.73. The company's stock had a trading volume of 407,418 shares, compared to its average volume of 545,342. The company's 50-day moving average is $103.74 and its 200-day moving average is $104.57. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $129.94. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.44 and a beta of 0.74. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping the consensus estimate of $2.21 by $0.37. The firm had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. UMB Financial's revenue was up 41.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.47 EPS. On average, equities research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.46%. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

UMB Financial Company 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.