Azora Capital LP Has $20.28 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Azora Capital LP lessened its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 55.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 179,645 shares of the bank's stock after selling 221,333 shares during the quarter. Azora Capital LP owned about 0.37% of UMB Financial worth $20,275,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of UMBF. BNP Paribas Financial Markets raised its holdings in shares of UMB Financial by 70.8% in the 4th quarter. BNP Paribas Financial Markets now owns 38,462 shares of the bank's stock worth $4,341,000 after purchasing an additional 15,949 shares in the last quarter. Gallagher Fiduciary Advisors LLC grew its position in UMB Financial by 17.7% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,769 shares of the bank's stock valued at $651,000 after purchasing an additional 867 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of UMB Financial by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,144 shares of the bank's stock worth $3,063,000 after acquiring an additional 202 shares during the last quarter. Freestone Grove Partners LP acquired a new position in UMB Financial in the 4th quarter worth about $48,235,000. Finally, Comerica Bank raised its position in UMB Financial by 13.7% during the fourth quarter. Comerica Bank now owns 34,754 shares of the bank's stock valued at $3,922,000 after acquiring an additional 4,201 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Price Performance

Shares of NASDAQ:UMBF traded down $0.91 during trading on Tuesday, reaching $100.09. The stock had a trading volume of 425,417 shares, compared to its average volume of 521,370. The stock has a market capitalization of $7.60 billion, a PE ratio of 11.13 and a beta of 0.72. UMB Financial Co. has a 52 week low of $78.56 and a 52 week high of $129.94. The business's 50-day moving average price is $97.51 and its 200 day moving average price is $110.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The business's revenue was up 41.4% on a year-over-year basis. As a group, equities analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.60%. UMB Financial's payout ratio is 20.13%.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction on Friday, February 21st. The stock was 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 owns 334,347 shares in the company, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.45% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays lowered their price objective on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com cut UMB Financial from a "hold" rating to a "sell" rating in a report on Friday. Bank of America assumed coverage on shares of UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price on the stock. Wells Fargo & Company increased their price target on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Finally, Royal Bank of Canada decreased their price objective on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $120.38.

About UMB Financial

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.