Choreo LLC Buys 5,787 Shares of UMB Financial Corporation (NASDAQ:UMBF)

Key Points

• Choreo LLC has increased its stake in UMB Financial Corporation by 83.2%, owning a total of 12,741 shares worth approximately $1.29 million as of their latest SEC filing.
• Analyst ratings for UMB Financial show a mix of opinions, with five analysts rating it as "buy", while one has issued a "sell" rating, leading to a consensus rating of "Hold".
• UMB Financial recently declared a quarterly dividend of $0.40 per share, reflecting an annualized yield of 1.48% and indicating a dividend payout ratio of 20.13%.

Choreo LLC grew its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 83.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,741 shares of the bank's stock after purchasing an additional 5,787 shares during the period. Choreo LLC's holdings in UMB Financial were worth $1,293,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UMBF. Bank of New York Mellon Corp grew its position in UMB Financial by 21.1% in the first quarter. Bank of New York Mellon Corp now owns 546,483 shares of the bank's stock worth $55,249,000 after acquiring an additional 95,339 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in UMB Financial by 27.4% in the first quarter. OneDigital Investment Advisors LLC now owns 2,367 shares of the bank's stock worth $239,000 after acquiring an additional 509 shares in the last quarter. Teacher Retirement System of Texas grew its position in UMB Financial by 96.3% in the first quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank's stock worth $1,590,000 after acquiring an additional 7,715 shares in the last quarter. New York State Teachers Retirement System grew its position in UMB Financial by 2.8% in the first quarter. New York State Teachers Retirement System now owns 60,376 shares of the bank's stock worth $6,104,000 after acquiring an additional 1,664 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in UMB Financial in the fourth quarter worth $2,190,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on UMBF shares. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Piper Sandler set a $135.00 price target on shares of UMB Financial and gave the company an "overweight" rating in a research report on Friday, June 13th. Barclays upped their price target on shares of UMB Financial from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada cut their price target on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Finally, Truist Financial upped their price target on shares of UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $127.00.

UMB Financial Trading Down 0.6%

Shares of NASDAQ:UMBF traded down $0.63 during midday trading on Tuesday, hitting $108.33. 81,177 shares of the stock traded hands, compared to its average volume of 656,785. The stock has a market capitalization of $8.22 billion, a PE ratio of 13.63, a P/E/G ratio of 1.44 and a beta of 0.74. The business's 50 day moving average is $104.18 and its two-hundred day moving average is $104.31. 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 Corporation has a one year low of $82.00 and a one year high of $129.94.

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

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.45% of the company's stock.

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.