Brown Advisory Inc. Has $5.74 Million Position in UMB Financial Corporation (NASDAQ:UMBF)

Brown Advisory Inc. trimmed its holdings in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,763 shares of the bank's stock after selling 4,079 shares during the quarter. Brown Advisory Inc. owned 0.07% of UMB Financial worth $5,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC boosted its position in shares of UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after acquiring an additional 221 shares during the period. Versant Capital Management Inc raised its stake in shares of UMB Financial by 703.2% in the first quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock valued at $50,000 after purchasing an additional 436 shares in the last quarter. Covestor Ltd raised its stake in shares of UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after purchasing an additional 124 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of UMB Financial by 38.1% in the first quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after purchasing an additional 172 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in shares of UMB Financial in the first quarter valued at $82,000. 87.78% of the stock is owned by institutional investors.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 5,412 shares of the firm'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 completion of the transaction, the chief executive officer directly owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.45% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Piper Sandler set a $135.00 target price on UMB Financial and gave the company an "overweight" rating in a research note on Friday, June 13th. Barclays increased their target price on UMB Financial from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday. Wells Fargo & Company raised their price target on UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday. Royal Bank Of Canada decreased their price target 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. Finally, Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $127.00.

UMB Financial Stock Down 1.1%

Shares of NASDAQ:UMBF traded down $1.25 during trading on Friday, hitting $110.21. 385,630 shares of the company's stock traded hands, compared to its average volume of 546,570. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market cap of $8.37 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.30 and a beta of 0.74. The company has a 50-day moving average price of $103.09 and a 200-day moving average price of $104.80.

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 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 analysts' expectations of $555.79 million. During the same quarter in the previous year, the business posted $2.47 EPS. UMB Financial's revenue for the quarter was up 41.4% on a year-over-year basis. As a group, research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Tuesday, June 10th. UMB Financial's dividend payout ratio is presently 20.13%.

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.