UMB Financial Co. (NASDAQ:UMBF) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in UMB Financial Co. (NASDAQ:UMBF) by 15.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,997,303 shares of the bank’s stock after purchasing an additional 265,399 shares during the quarter. Victory Capital Management Inc.’s holdings in UMB Financial were worth $166,875,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in UMB Financial during the third quarter worth approximately $74,000. Mackenzie Financial Corp purchased a new stake in UMB Financial during the 4th quarter worth $228,000. High Net Worth Advisory Group LLC acquired a new stake in UMB Financial in the 4th quarter valued at $234,000. Kornitzer Capital Management Inc. KS purchased a new position in UMB Financial in the fourth quarter valued at about $236,000. Finally, Quantbot Technologies LP acquired a new position in shares of UMB Financial during the third quarter worth about $179,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

UMB Financial stock opened at $79.81 on Thursday. UMB Financial Co. has a 52 week low of $50.68 and a 52 week high of $87.36. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.89 billion, a P/E ratio of 10.60 and a beta of 0.84. The stock has a 50 day moving average of $81.80 and a 200-day moving average of $77.97.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.53. The firm had revenue of $370.80 million for the quarter, compared to the consensus estimate of $360.69 million. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 EPS. On average, analysts expect that UMB Financial Co. will post 7.41 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 10th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.56 annualized dividend and a dividend yield of 1.95%. UMB Financial’s payout ratio is 20.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UMBF shares. Wells Fargo & Company increased their target price on UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday. Keefe, Bruyette & Woods lifted their price objective on shares of UMB Financial from $86.00 to $93.00 and gave the company a “market perform” rating in a research note on Tuesday. Barclays upgraded shares of UMB Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $91.00 to $95.00 in a research note on Tuesday. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Finally, Raymond James boosted their price objective 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. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, UMB Financial has a consensus rating of “Moderate Buy” and an average price target of $92.00.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction that occurred on Friday, February 2nd. The stock was 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 in the company, valued at approximately $20,950,673.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $83.10, for a total transaction of $290,850.00. Following the sale, the chief executive officer now directly owns 252,114 shares of the company’s stock, valued at $20,950,673.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Pauls sold 1,440 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $79.51, for a total transaction of $114,494.40. Following the completion of the transaction, the executive vice president now owns 8,496 shares in the company, valued at $675,516.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,277 shares of company stock valued at $2,264,661. Insiders own 8.85% of the company’s stock.

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.