Elizabeth Park Capital Advisors Ltd. Decreases Position in UMB Financial Corporation $UMBF

Elizabeth Park Capital Advisors Ltd. lessened its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 76.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,302 shares of the bank’s stock after selling 23,200 shares during the quarter. Elizabeth Park Capital Advisors Ltd.’s holdings in UMB Financial were worth $840,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after buying an additional 493,875 shares during the period. State Street Corp boosted its position in UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after buying an additional 313,414 shares during the period. Wellington Management Group LLP boosted its position in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after buying an additional 751,525 shares during the period. Dimensional Fund Advisors LP boosted its position in UMB Financial by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,854,927 shares of the bank’s stock valued at $328,439,000 after buying an additional 22,100 shares during the period. Finally, Geode Capital Management LLC boosted its position in UMB Financial by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after buying an additional 33,078 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other news, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the sale, the president directly owned 61,446 shares of the company’s stock, valued at approximately $8,147,125.14. The trade was a 11.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 381 shares of UMB Financial stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the sale, the director owned 12,223 shares in the company, valued at $1,624,192.24. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.33% of the stock is currently owned by insiders.

UMB Financial Price Performance

UMB Financial stock opened at $132.57 on Thursday. The stock has a market cap of $10.07 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 0.92 and a beta of 0.78. The company has a fifty day simple moving average of $127.47 and a 200-day simple moving average of $122.16. UMB Financial Corporation has a 12-month low of $98.16 and a 12-month high of $137.56. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.59. The business had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.58 EPS. Equities analysts expect that UMB Financial Corporation will post 12.8 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial’s payout ratio is 15.26%.

Analyst Ratings Changes

Several brokerages have commented on UMBF. Piper Sandler raised their price target on shares of UMB Financial from $152.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays raised their price target on shares of UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada raised their price target on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Truist Financial set a $140.00 price target on shares of UMB Financial in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, UMB Financial has an average rating of “Buy” and a consensus target price of $145.55.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.