UMB Financial Corporation $UMBF Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC decreased its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,438 shares of the bank’s stock after selling 7,858 shares during the quarter. Emerald Advisers LLC’s holdings in UMB Financial were worth $30,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in UMBF. State of Michigan Retirement System raised its position in UMB Financial by 1.8% in the first quarter. State of Michigan Retirement System now owns 17,141 shares of the bank’s stock valued at $1,933,000 after purchasing an additional 300 shares during the period. Fifth Third Bancorp boosted its position in shares of UMB Financial by 5,109.5% in the first quarter. Fifth Third Bancorp now owns 30,007 shares of the bank’s stock worth $3,384,000 after buying an additional 29,431 shares during the period. Hsbc Holdings PLC boosted its position in shares of UMB Financial by 290.2% in the first quarter. Hsbc Holdings PLC now owns 13,355 shares of the bank’s stock worth $1,506,000 after buying an additional 9,932 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of UMB Financial in the first quarter valued at about $412,000. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of UMB Financial by 2.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,616 shares of the bank’s stock valued at $1,649,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Down 0.2%

Shares of NASDAQ UMBF opened at $144.29 on Tuesday. UMB Financial Corporation has a 1 year low of $103.38 and a 1 year high of $146.90. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.80 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day simple moving average is $134.61 and its 200-day simple moving average is $125.37.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. During the same period in the prior year, the business posted $2.58 EPS. The business’s revenue was up 31.1% on a year-over-year basis. As a group, equities analysts anticipate that UMB Financial Corporation will post 12.85 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 annualized dividend and a yield of 1.2%. UMB Financial’s dividend payout ratio is currently 15.26%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UMBF. Wells Fargo & Company raised their target price on UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Truist Financial increased their price objective on shares of UMB Financial from $140.00 to $161.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen increased their price objective on shares of UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley lifted their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Royal Bank Of Canada boosted their target price on shares of UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $150.82.

Insiders Place Their Bets

In other UMB Financial news, President James D. Rine sold 8,246 shares of the firm’s 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 transaction, the president directly owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This trade represents a 11.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the sale, the director directly owned 12,223 shares of the company’s stock, valued at $1,624,192.24. The trade was a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.33% of the company’s stock.

About UMB Financial

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.