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Emerald Mutual Fund Advisers Trust Has $8.62 Million Position in UMB Financial Corporation (NASDAQ:UMBF)

UMB Financial logo with Finance background

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 15.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,212 shares of the bank's stock after selling 15,651 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.11% of UMB Financial worth $8,615,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UMBF. Stieven Capital Advisors L.P. acquired a new position in UMB Financial during the first quarter worth about $21,088,000. Xponance Inc. grew its holdings in UMB Financial by 39.4% during the first quarter. Xponance Inc. now owns 12,177 shares of the bank's stock worth $1,231,000 after acquiring an additional 3,444 shares during the period. Country Club Bank grew its holdings in UMB Financial by 21.4% during the first quarter. Country Club Bank now owns 8,016 shares of the bank's stock worth $803,000 after acquiring an additional 1,414 shares during the period. State of Michigan Retirement System increased its stake in UMB Financial by 54.1% in the 1st quarter. State of Michigan Retirement System now owns 16,241 shares of the bank's stock worth $1,642,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new position in UMB Financial in the 1st quarter worth about $356,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction of $550,995.72. Following the completion of the sale, the chief executive officer directly owned 288,945 shares in the company, valued at $29,417,490.45. The trade was a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.45% of the stock is currently owned by corporate insiders.

UMB Financial Stock Down 4.7%

Shares of UMB Financial stock traded down $5.25 during trading on Tuesday, hitting $106.84. 714,997 shares of the stock traded hands, compared to its average volume of 547,528. The stock has a market cap of $8.11 billion, a P/E ratio of 13.44, a PEG ratio of 1.29 and a beta of 0.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94. The company has a fifty day moving average price of $103.09 and a two-hundred day moving average price of $104.66.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The firm's revenue was up 41.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.47 EPS. Equities research analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared 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. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.50%. UMB Financial's dividend payout ratio is 20.13%.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of analyst reports. 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 research note on Thursday, July 10th. Piper Sandler set a $135.00 price target on UMB Financial and gave the stock an "overweight" rating in a research note on Friday, June 13th. Bank of America initiated coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target on the stock. Truist Financial set a $128.00 target price on UMB Financial and gave the company a "buy" rating in a research note on Friday. Finally, Barclays lifted their target price on UMB Financial from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, UMB Financial presently has a consensus rating of "Hold" and a consensus price target of $127.00.

View Our Latest Stock Report on UMBF

UMB Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for UMB Financial (NASDAQ:UMBF)

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