Wolverine Asset Management LLC Buys New Stake in UMB Financial Co. (NASDAQ:UMBF)

Wolverine Asset Management LLC bought a new stake in UMB Financial Co. (NASDAQ:UMBF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,621 shares of the bank’s stock, valued at approximately $470,000.

Other institutional investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its stake in shares of UMB Financial by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 18,085 shares of the bank’s stock worth $1,511,000 after acquiring an additional 323 shares in the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in shares of UMB Financial in the fourth quarter worth $236,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of UMB Financial by 7.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,013 shares of the bank’s stock worth $837,000 after acquiring an additional 730 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of UMB Financial in the fourth quarter worth $228,000. Finally, Strs Ohio grew its stake in shares of UMB Financial by 1,841.9% in the fourth quarter. Strs Ohio now owns 83,500 shares of the bank’s stock worth $6,976,000 after acquiring an additional 79,200 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

Shares of UMBF opened at $83.17 on Friday. UMB Financial Co. has a 1-year low of $50.68 and a 1-year high of $87.36. The stock has a market cap of $4.05 billion, a PE ratio of 11.58 and a beta of 0.83. 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 firm has a fifty day moving average price of $81.92 and a 200 day moving average price of $77.51.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $360.69 million. During the same period in the prior year, the company earned $2.06 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that UMB Financial Co. will post 7.41 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, March 8th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.88%. UMB Financial’s dividend payout ratio (DPR) is 21.73%.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 625 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $80.21, for a total transaction of $50,131.25. Following the transaction, the director now owns 12,859 shares in the company, valued at $1,031,420.39. The disclosure for this sale can be found here. Insiders have sold a total of 27,277 shares of company stock worth $2,264,661 over the last ninety days. 8.85% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on UMBF. Piper Sandler boosted their price target on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Barclays started coverage on shares of UMB Financial in a research 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 research report on Saturday, March 16th. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $85.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 10th. Finally, Raymond James lifted their price objective on shares of UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a research report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $88.00.

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.