Elizabeth Park Capital Advisors Ltd. Takes $3.08 Million Position in UMB Financial Corporation $UMBF

Key Points

• Elizabeth Park Capital Advisors Ltd. has acquired 30,457 shares of UMB Financial Corporation, valued at approximately $3,079,000, making it the 14th largest holding in their portfolio.
• Insiders have recently sold 24,390 shares of UMB Financial stock valued at $2,765,819, while insider Phillip James Mason saw a 7.84% decrease in his position after selling shares.
• UMB Financial reported a strong earnings performance with an EPS of $2.96, beating expectations, and announced a quarterly dividend of $0.40 per share.

Elizabeth Park Capital Advisors Ltd. acquired a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 30,457 shares of the bank's stock, valued at approximately $3,079,000. UMB Financial accounts for 2.8% of Elizabeth Park Capital Advisors Ltd.'s holdings, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group boosted its stake in shares of UMB Financial by 4,840.0% in the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock valued at $25,000 after buying an additional 242 shares during the period. Rothschild Investment LLC boosted 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 buying an additional 221 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of UMB Financial in the 1st quarter valued at about $27,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of UMB Financial in the 1st quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of UMB Financial by 143.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank's stock valued at $37,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of several recent research reports. Truist Financial lifted their price objective on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company raised their target price on UMB Financial from $120.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Raymond James Financial raised their target price on UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their target price on UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Barclays raised their target price on UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.11.

UMB Financial Stock Performance

UMBF traded down $0.35 during trading on Monday, hitting $121.90. 440,588 shares of the stock were exchanged, compared to its average volume of 559,690. The firm has a market capitalization of $9.26 billion, a P/E ratio of 14.01, a PEG ratio of 1.39 and a beta of 0.77. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The stock has a fifty day moving average price of $110.10 and a two-hundred day moving average price of $103.94. 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 released its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. The company had revenue of $689.21 million for the quarter, compared to analyst estimates of $638.25 million. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The firm's revenue was up 76.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.16 earnings per share. As a group, sell-side analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.3%. UMB Financial's payout ratio is 18.39%.

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 15,523 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $116.33, for a total value of $1,805,790.59. Following the transaction, the chief executive officer owned 1,536,781 shares of the company's stock, valued at approximately $178,773,733.73. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Phillip James Mason sold 750 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $120.97, for a total value of $90,727.50. Following the completion of the transaction, the insider directly owned 8,815 shares in the company, valued at approximately $1,066,350.55. The trade was a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,478 shares of company stock valued at $2,275,833 over the last 90 days. 5.45% of the stock is owned by insiders.

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.