Comerica Bank Boosts Stake in UMB Financial Co. (NASDAQ:UMBF)

Comerica Bank lifted its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 13.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,754 shares of the bank's stock after buying an additional 4,201 shares during the quarter. Comerica Bank owned about 0.07% of UMB Financial worth $3,922,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UMBF. USA Financial Formulas raised its holdings in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after acquiring an additional 268 shares during the period. Covestor Ltd raised its stake in UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after purchasing an additional 124 shares during the period. Venturi Wealth Management LLC purchased a new position in UMB Financial in the 4th quarter worth approximately $96,000. Steward Partners Investment Advisory LLC bought a new position in UMB Financial in the 4th quarter worth approximately $103,000. Finally, R Squared Ltd bought a new position in UMB Financial in the 4th quarter worth approximately $117,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UMBF has been the topic of several research analyst reports. Barclays lowered their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company boosted 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 note on Thursday, May 1st. Morgan Stanley cut their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada decreased their target price on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Finally, Citigroup restated a "neutral" rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. 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 MarketBeat.com, UMB Financial has a consensus rating of "Hold" and a consensus target price of $120.38.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.45% of the stock is owned by insiders.

UMB Financial Trading Down 0.5 %

Shares of UMB Financial stock traded down $0.54 on Friday, reaching $103.02. The company had a trading volume of 414,277 shares, compared to its average volume of 520,747. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 11.46 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The firm's 50-day moving average price is $97.21 and its two-hundred day moving average price is $109.90. UMB Financial Co. has a 1 year low of $78.56 and a 1 year high of $129.94.

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 the consensus estimate of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The company had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. During the same period in the previous year, the firm earned $2.47 earnings per share. UMB Financial's quarterly revenue was up 41.4% compared to the same quarter last year. As a group, research analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.55%. UMB Financial's payout ratio is 20.13%.

UMB Financial 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.