Louisiana State Employees Retirement System Takes $1.03 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Louisiana State Employees Retirement System acquired a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,300 shares of the bank’s stock, valued at approximately $1,028,000.

A number of other large investors have also made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in UMB Financial in the third quarter worth about $74,000. Quantbot Technologies LP acquired a new position in UMB Financial in the third quarter worth about $179,000. Jones Financial Companies Lllp acquired a new position in UMB Financial in the third quarter worth about $199,000. Atria Wealth Solutions Inc. acquired a new position in UMB Financial in the third quarter worth about $215,000. Finally, MQS Management LLC acquired a new position in UMB Financial in the third quarter worth about $217,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $83.10, for a total value of $290,850.00. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. In other news, insider Abigail M. Wendel sold 1,182 shares of UMB Financial stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total transaction of $95,387.40. Following the transaction, the insider now directly owns 15,217 shares of the company’s stock, valued at $1,228,011.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $83.10, for a total transaction of $290,850.00. Following the transaction, the chief executive officer now directly owns 252,114 shares in the company, valued at $20,950,673.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,277 shares of company stock valued at $2,264,661. 8.85% of the stock is currently owned by insiders.

UMB Financial Price Performance

UMBF opened at $84.78 on Thursday. UMB Financial Co. has a one year low of $50.68 and a one year high of $87.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50 day simple moving average is $81.86 and its 200-day simple moving average is $77.32. The stock has a market capitalization of $4.13 billion, a P/E ratio of 11.81 and a beta of 0.83.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating the consensus estimate of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The business had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $360.69 million. During the same period in the prior year, the firm earned $2.06 earnings per share. UMB Financial’s revenue was up .0% compared to the same quarter last year. Sell-side analysts anticipate that UMB Financial Co. will post 7.29 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.56 dividend on an annualized basis and a yield of 1.84%. UMB Financial’s payout ratio is presently 21.73%.

Analyst Upgrades and Downgrades

UMBF has been the subject of several recent research reports. Piper Sandler increased their price target on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Barclays assumed coverage on shares of UMB Financial in a report on Friday, March 8th. They set an “equal weight” rating and a $91.00 price objective for the company. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Wells Fargo & Company raised their price objective on shares of UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Finally, Raymond James raised 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. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, UMB Financial has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

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.