Emerald Advisers LLC Has $12.69 Million Position in UMB Financial Corporation (NASDAQ:UMBF)

Emerald Advisers LLC reduced its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 16.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,468 shares of the bank's stock after selling 25,539 shares during the quarter. Emerald Advisers LLC owned 0.17% of UMB Financial worth $12,685,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC boosted its holdings in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after purchasing an additional 221 shares during the period. Versant Capital Management Inc raised its stake in shares of UMB Financial by 703.2% during 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% during 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% during 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 bought a new stake in shares of UMB Financial during the first quarter valued at about $82,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial 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 $29,417,490.45. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.45% of the stock is owned by corporate insiders.

UMB Financial Stock Performance

NASDAQ:UMBF traded down $1.25 during midday trading on Friday, reaching $110.21. The stock had a trading volume of 385,630 shares, compared to its average volume of 546,986. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The firm's fifty day simple moving average is $103.09 and its 200-day simple moving average is $104.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $8.37 billion, a P/E ratio of 13.86, a PEG ratio of 1.29 and a beta of 0.74.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The company 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 firm's revenue for the quarter was up 41.4% compared to the same quarter last year. During the same period last year, the firm earned $2.47 EPS. On average, equities research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank Of Canada cut their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. 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. Bank of America assumed coverage on shares of UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price for the company. Finally, Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. One investment 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. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $127.00.

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.