Bailard Inc. Purchases 3,307 Shares of UMB Financial Corporation (NASDAQ:UMBF)

Bailard Inc. increased its holdings in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 86.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,123 shares of the bank's stock after acquiring an additional 3,307 shares during the quarter. Bailard Inc.'s holdings in UMB Financial were worth $720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of UMBF. 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 last quarter. Versant Capital Management Inc raised its position in shares of UMB Financial by 703.2% during the first quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock valued at $50,000 after buying an additional 436 shares during the last quarter. Covestor Ltd raised its position in shares of UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after buying an additional 124 shares during the last quarter. Fifth Third Bancorp raised its position in shares of UMB Financial by 38.1% during the first quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after buying an additional 172 shares during the last quarter. Finally, Marquette Asset Management LLC purchased a new stake in UMB Financial during the first quarter valued at $82,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on UMBF. Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Wells Fargo & Company raised their price target on shares of UMB Financial from $110.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Bank of America initiated coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target on the stock. Truist Financial set a $128.00 price target on shares of UMB Financial and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Piper Sandler set a $135.00 price target on shares of UMB Financial and gave the stock an "overweight" rating in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $127.00.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $101.81, for a total value of $550,995.72. Following the completion of the transaction, the chief executive officer owned 288,945 shares of the company's stock, valued at $29,417,490.45. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.45% of the company's stock.

UMB Financial Price Performance

UMBF stock traded up $0.31 on Friday, reaching $109.73. 407,418 shares of the company's stock were exchanged, compared to its average volume of 545,871. The stock has a fifty day moving average of $103.80 and a 200-day moving average of $104.61. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94. The firm has a market cap of $8.33 billion, a PE ratio of 13.80, a P/E/G ratio of 1.46 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 announced its earnings results on Tuesday, April 29th. The bank reported $2.58 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 business had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. During the same period last year, the business posted $2.47 EPS. The company's revenue was up 41.4% on a year-over-year basis. As a group, equities analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

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