Alps Advisors Inc. Buys New Position in UMB Financial Corporation (NASDAQ:UMBF)

Alps Advisors Inc. bought a new position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,520 shares of the bank's stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC acquired a new position in UMB Financial in the fourth quarter valued at about $1,752,000. Raymond James Financial Inc. acquired a new position in shares of UMB Financial in the 4th quarter valued at approximately $11,357,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of UMB Financial by 11.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,645 shares of the bank's stock worth $1,314,000 after acquiring an additional 1,190 shares during the period. HighTower Advisors LLC bought a new stake in shares of UMB Financial during the 4th quarter worth approximately $201,000. Finally, Swiss National Bank boosted its position in shares of UMB Financial by 0.8% during the 4th quarter. Swiss National Bank now owns 91,100 shares of the bank's stock worth $10,282,000 after acquiring an additional 700 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on UMBF shares. Truist Financial set a $128.00 price objective on shares of UMB Financial and gave the company a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada lowered their price target on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company raised their price objective on UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Wall Street Zen downgraded UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Piper Sandler set a $135.00 price target on shares of UMB Financial and gave the company an "overweight" rating in a research note on Friday, June 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $127.00.

Insider Activity

In related news, CEO J Mariner Kemper sold 5,412 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 288,945 shares of the company's stock, valued at $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.45% of the company's stock.

UMB Financial Trading Up 0.3%

UMB Financial stock traded up $0.31 during trading hours on Friday, hitting $109.73. The stock had a trading volume of 381,420 shares, compared to its average volume of 545,239. The business's 50 day simple moving average is $103.74 and its 200-day simple moving average is $104.57. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.44 and a beta of 0.74. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The company had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. During the same quarter in the prior year, the firm posted $2.47 earnings per share. The firm's revenue was up 41.4% compared to the same quarter last year. On average, equities analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is currently 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.