Concurrent Investment Advisors LLC Buys Shares of 6,242 UMB Financial Corporation (NASDAQ:UMBF)

Concurrent Investment Advisors LLC bought a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,242 shares of the bank's stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC purchased a new position in UMB Financial in the 4th quarter valued at $103,000. Atria Investments Inc lifted its holdings in UMB Financial by 10.3% in the 4th quarter. Atria Investments Inc now owns 8,406 shares of the bank's stock valued at $949,000 after purchasing an additional 787 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in UMB Financial in the 4th quarter valued at $1,752,000. Raymond James Financial Inc. purchased a new position in UMB Financial in the 4th quarter valued at $11,357,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in UMB Financial by 11.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,645 shares of the bank's stock valued at $1,314,000 after purchasing an additional 1,190 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley decreased their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Wall Street Zen lowered UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Wells Fargo & Company lifted their price target on UMB Financial from $110.00 to $120.00 and gave the stock an "equal weight" rating in a report on Thursday. Barclays lifted their price target on UMB Financial from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Bank of America initiated coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $127.00.

UMB Financial Trading Down 0.7%

UMBF traded down $0.79 on Friday, hitting $110.68. The company had a trading volume of 140,993 shares, compared to its average volume of 545,944. The firm has a market cap of $8.40 billion, a P/E ratio of 13.92, a PEG ratio of 1.29 and a beta of 0.74. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $129.94. The company's fifty day moving average price is $104.13 and its 200 day moving average price is $105.48. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued 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. The firm had revenue of $563.84 million for 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%. UMB Financial's revenue was up 41.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 EPS. As a group, equities analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.45%. UMB Financial's dividend payout ratio (DPR) is currently 20.13%.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction dated 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 directly owned 288,945 shares of the company's stock, valued at $29,417,490.45. The trade was a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.45% of the company's stock.

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.