Deutsche Bank AG Has $24.55 Million Holdings in UMB Financial Corporation $UMBF

Deutsche Bank AG grew its position in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 174.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,782 shares of the bank's stock after purchasing an additional 154,462 shares during the period. Deutsche Bank AG owned approximately 0.32% of UMB Financial worth $24,545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UMBF. Rothschild Investment LLC lifted its stake in shares of UMB Financial by 442.0% in the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after purchasing an additional 221 shares in the last quarter. Neo Ivy Capital Management acquired a new position in UMB Financial during the 1st quarter worth approximately $42,000. Versant Capital Management Inc raised its position in shares of UMB Financial by 703.2% in the 1st 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. Fifth Third Bancorp grew its holdings in UMB Financial by 38.1% during the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock worth $63,000 after acquiring an additional 172 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in UMB Financial during the 1st quarter worth $82,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other UMB Financial news, insider Robert Brian Beaird sold 1,205 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $116.17, for a total transaction of $139,984.85. Following the sale, the insider owned 10,147 shares of the company's stock, valued at $1,178,776.99. This represents a 10.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Greg M. Graves purchased 261 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $107.58 per share, for a total transaction of $28,078.38. Following the acquisition, the director owned 37,800 shares of the company's stock, valued at $4,066,524. The trade was a 0.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 22,140 shares of company stock worth $2,496,771 over the last three months. 5.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UMBF shares. Piper Sandler upped their price target on UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price target on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Wall Street Zen downgraded UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Finally, Truist Financial lifted their price objective 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $132.11.

UMB Financial Stock Down 0.3%

UMBF traded down $0.29 on Monday, reaching $114.79. 100,128 shares of the company traded hands, compared to its average volume of 660,319. The stock's 50 day moving average price is $106.42 and its 200-day moving average price is $103.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $129.94. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.31 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.61. The company had revenue of $689.21 million during the quarter, compared to analysts' expectations of $638.25 million. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%. UMB Financial's revenue for the quarter was up 76.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.16 earnings per share. On average, sell-side analysts expect that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio is currently 18.39%.

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.