Wealthquest Corp Buys Shares of 3,526 UMB Financial Corporation (NASDAQ:UMBF)

Wealthquest Corp purchased a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,526 shares of the bank's stock, valued at approximately $393,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in UMB Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock valued at $537,494,000 after buying an additional 48,507 shares in the last quarter. Wellington Management Group LLP lifted its position in UMB Financial by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock valued at $228,122,000 after buying an additional 102,104 shares in the last quarter. Northern Trust Corp lifted its position in UMB Financial by 16.2% during the fourth quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after buying an additional 88,705 shares in the last quarter. Captrust Financial Advisors lifted its position in UMB Financial by 17.5% during the fourth quarter. Captrust Financial Advisors now owns 461,031 shares of the bank's stock valued at $52,032,000 after buying an additional 68,634 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in UMB Financial by 18.7% during the fourth quarter. Nuveen Asset Management LLC now owns 427,586 shares of the bank's stock valued at $48,257,000 after buying an additional 67,480 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Up 3.5%

Shares of NASDAQ:UMBF traded up $3.55 during midday trading on Thursday, reaching $106.14. The company had a trading volume of 481,881 shares, compared to its average volume of 537,853. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The stock's fifty day moving average price is $101.30 and its 200-day moving average price is $106.29. The stock has a market capitalization of $8.06 billion, a P/E ratio of 13.35, a PEG ratio of 1.21 and a beta of 0.75. UMB Financial Corporation has a one year low of $79.94 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The business had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The business's revenue was up 41.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.47 earnings per share. Equities research analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.51%. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

Insider Buying and Selling

In other UMB Financial 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 transaction of $550,995.72. Following the completion of the sale, the chief executive officer now owns 288,945 shares in the company, valued at $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.45% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UMBF. Truist Financial began coverage on shares of UMB Financial in a research report on Tuesday, May 13th. They set a "buy" rating and a $120.00 price target on the stock. Royal Bank Of Canada reduced their target price on shares of 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. Barclays reduced their target price on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Bank of America began 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. Finally, Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.88.

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.