Cinctive Capital Management LP Grows Holdings in UMB Financial Co. (NASDAQ:UMBF)

Cinctive Capital Management LP boosted its position in UMB Financial Co. (NASDAQ:UMBF) by 163.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,987 shares of the bank’s stock after purchasing an additional 23,572 shares during the period. Cinctive Capital Management LP owned about 0.08% of UMB Financial worth $4,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in shares of UMB Financial by 0.4% in the fourth quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock valued at $2,208,000 after acquiring an additional 83 shares in the last quarter. Heritage Family Offices LLP grew its stake in UMB Financial by 6.5% in the 4th 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 period. Crossmark Global Holdings Inc. increased 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 valued at $410,000 after purchasing an additional 186 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of UMB Financial by 4.0% during 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 period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of UMB Financial by 3.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank’s stock worth $919,000 after buying an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analyst Ratings Changes

UMBF has been the topic of a number of research analyst reports. 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. Barclays upped their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Morgan Stanley decreased their target price on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. StockNews.com cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, March 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $128.71.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was 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 directly owns 334,347 shares in the company, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total value of $60,146.51. Following the completion of the sale, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.45% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF opened at $101.98 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 11.34 and a beta of 0.79. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The stock’s 50-day simple moving average is $108.68 and its 200 day simple moving average is $112.41.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the business earned $2.29 EPS. Research analysts forecast that UMB Financial Co. will post 9.66 EPS 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 given 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 1.57%. UMB Financial’s dividend payout ratio (DPR) is currently 17.80%.

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.