O Shaughnessy Asset Management LLC Boosts Stock Position in UMB Financial Co. (NASDAQ:UMBF)

O Shaughnessy Asset Management LLC raised its stake in UMB Financial Co. (NASDAQ:UMBF) by 7.6% during the 4th quarter, HoldingsChannel reports. The firm owned 9,200 shares of the bank’s stock after acquiring an additional 653 shares during the period. O Shaughnessy Asset Management LLC’s holdings in UMB Financial were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of UMBF. USA Financial Formulas lifted its position in UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after purchasing an additional 268 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of UMB Financial during the 3rd quarter worth approximately $83,000. Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial in the 4th quarter valued at approximately $96,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at approximately $103,000. Finally, R Squared Ltd acquired a new position in UMB Financial during the fourth quarter worth $117,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

UMBF stock opened at $86.61 on Tuesday. The stock’s 50 day moving average price is $106.71 and its 200 day moving average price is $112.07. The firm has a market cap of $6.29 billion, a P/E ratio of 9.63 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a 1 year low of $76.00 and a 1 year 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 the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same period in the prior year, the company earned $2.29 EPS. On average, sell-side analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Analyst Ratings Changes

Several brokerages have commented on UMBF. Piper Sandler boosted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Morgan Stanley decreased their price objective on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a report on Thursday, January 30th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Citigroup reaffirmed a “neutral” rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and an average price target of $128.71.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares in the company, valued at approximately $1,484,831.30. The trade was a 3.89 % 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.

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.