2,345 Shares in UMB Financial Corporation (NASDAQ:UMBF) Purchased by M&T Bank Corp

M&T Bank Corp bought a new position in shares of UMB Financial Corporation (NASDAQ:UMBFFree Report) in the first quarter, Holdings Channel.com reports. The institutional investor bought 2,345 shares of the bank’s stock, valued at approximately $237,000.

Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC lifted its holdings in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank’s stock valued at $27,000 after acquiring an additional 221 shares during the period. Versant Capital Management Inc lifted its holdings in UMB Financial by 703.2% in the first quarter. Versant Capital Management Inc now owns 498 shares of the bank’s stock valued at $50,000 after acquiring an additional 436 shares during the period. Covestor Ltd lifted its holdings in UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank’s stock valued at $63,000 after acquiring an additional 124 shares during the period. Fifth Third Bancorp lifted its holdings in UMB Financial by 38.1% in the first quarter. Fifth Third Bancorp now owns 624 shares of the bank’s stock valued at $63,000 after acquiring an additional 172 shares during the period. Finally, Marquette Asset Management LLC acquired a new position in UMB Financial in the first quarter valued at approximately $82,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Up 0.3%

Shares of UMBF opened at $109.73 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.45 and a beta of 0.74. The stock has a 50 day moving average price of $103.74 and a 200 day moving average price of $104.57.

UMB Financial (NASDAQ:UMBFGet Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.37. The company had revenue of $563.84 million during the quarter, compared to analysts’ expectations of $555.79 million. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The firm’s quarterly revenue was up 41.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.47 EPS. Equities research analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, June 10th. UMB Financial’s payout ratio is currently 20.13%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Barclays boosted their price target on UMB Financial from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Royal Bank Of Canada cut their price objective on UMB Financial from $128.00 to $115.00 and set a “sector perform” rating for the company in a research report on Thursday, May 1st. Bank of America started coverage on UMB Financial in a research report on Wednesday, April 16th. They issued a “buy” rating and a $105.00 price objective for the company. Wall Street Zen cut UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Finally, Piper Sandler set a $135.00 price objective on UMB Financial and gave the company an “overweight” rating in a research report on Friday, June 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $127.00.

Read Our Latest Analysis on UMBF

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $101.81, for a total value of $550,995.72. Following the completion of the sale, the chief executive officer directly owned 288,945 shares in the company, valued at $29,417,490.45. This represents a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.45% of the stock is currently owned by insiders.

UMB Financial Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UMBF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UMB Financial Corporation (NASDAQ:UMBFFree Report).

Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.