Marquette Asset Management LLC Makes New $82,000 Investment in UMB Financial Co. (NASDAQ:UMBF)

Marquette Asset Management LLC bought a new position in UMB Financial Co. (NASDAQ:UMBF) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 813 shares of the bank’s stock, valued at approximately $82,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers boosted its holdings in shares of UMB Financial by 45.1% in the first quarter. Rhumbline Advisers now owns 228,812 shares of the bank’s stock worth $23,133,000 after buying an additional 71,170 shares during the period. First Community Trust NA acquired a new position in shares of UMB Financial in the first quarter worth about $377,000. Rothschild Investment LLC boosted its holdings in shares of UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank’s stock worth $27,000 after buying an additional 221 shares during the period. Parallel Advisors LLC boosted its holdings in shares of UMB Financial by 59.9% in the first quarter. Parallel Advisors LLC now owns 1,276 shares of the bank’s stock worth $129,000 after buying an additional 478 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of UMB Financial by 22,336.9% in the first quarter. GAMMA Investing LLC now owns 93,113 shares of the bank’s stock worth $9,414,000 after buying an additional 92,698 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the transaction, the chief executive officer now owns 288,945 shares of the company’s stock, valued at $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UMBF shares. Bank of America initiated coverage on shares of UMB Financial in a report on Wednesday, April 16th. They issued a “buy” rating and a $105.00 target price for the company. Barclays decreased their price target on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Citigroup restated a “neutral” rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Wall Street Zen cut shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. Finally, Royal Bank of Canada decreased their price target on shares of UMB Financial from $128.00 to $115.00 and set a “sector perform” rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.13.

UMB Financial Price Performance

NASDAQ UMBF opened at $102.13 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $7.75 billion, a PE ratio of 11.36 and a beta of 0.72. The company has a 50 day moving average price of $98.04 and a two-hundred day moving average price of $108.68. UMB Financial Co. has a 12-month low of $78.91 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.37. The firm had revenue of $563.84 million during the quarter, compared to analysts’ expectations of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The company’s revenue was up 41.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 earnings per share. As a group, equities analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Tuesday, June 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.13%.

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.