Teachers Retirement System of The State of Kentucky Decreases Position in UMB Financial Co. (NASDAQ:UMBF)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 4.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,962 shares of the bank’s stock after selling 680 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in UMB Financial were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. 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 acquiring an additional 268 shares during the last quarter. Covestor Ltd lifted its holdings in shares of UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial in the 4th quarter valued at about $96,000. Steward Partners Investment Advisory LLC acquired a new position in UMB Financial during the fourth quarter worth approximately $103,000. Finally, R Squared Ltd purchased a new stake in UMB Financial in the fourth quarter valued at approximately $117,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the chief executive officer now directly owns 334,347 shares in the company, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on UMBF. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Citigroup reaffirmed a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley lowered their price target on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Piper Sandler boosted their target price on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and five have issued 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 $122.13.

UMB Financial Price Performance

UMB Financial stock opened at $95.66 on Friday. The company has a market cap of $7.26 billion, a P/E ratio of 10.64 and a beta of 0.71. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The business has a fifty day moving average of $98.98 and a two-hundred day moving average of $110.55. 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 (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating the consensus estimate 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 previous year, the business earned $2.29 earnings per share. As a group, analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, March 10th. UMB Financial’s dividend payout ratio is currently 17.80%.

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.