Emerald Mutual Fund Advisers Trust Sells 15,651 Shares of UMB Financial Corporation (NASDAQ:UMBF)

Emerald Mutual Fund Advisers Trust lowered its stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,212 shares of the bank's stock after selling 15,651 shares during the quarter. Emerald Mutual Fund Advisers Trust owned approximately 0.11% of UMB Financial worth $8,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of UMB Financial during the 4th quarter valued at about $103,000. Proficio Capital Partners LLC bought a new stake in shares of UMB Financial during the 4th quarter valued at about $1,752,000. Raymond James Financial Inc. bought a new stake in shares of UMB Financial during the 4th quarter valued at about $11,357,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UMB Financial by 11.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,645 shares of the bank's stock valued at $1,314,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of UMB Financial during the 4th quarter valued at about $1,903,000. Institutional investors own 87.78% of the company's stock.

UMB Financial Trading Down 1.1%

UMB Financial stock traded down $1.25 during trading hours on Friday, reaching $110.21. The company had a trading volume of 385,630 shares, compared to its average volume of 546,570. 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 company has a 50-day moving average price of $103.09 and a 200 day moving average price of $104.66. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.30 and a beta of 0.74. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The business had revenue of $563.84 million for the quarter, compared to analysts' expectations of $555.79 million. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The business's quarterly 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. Equities analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

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

Insider Activity

In other news, CEO J Mariner Kemper sold 5,412 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $101.81, for a total transaction of $550,995.72. Following the transaction, the chief executive officer directly owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.45% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UMBF shares. Bank of America started coverage on UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target for the company. Barclays raised their price objective on UMB Financial from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday. Royal Bank Of Canada decreased their price objective on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Piper Sandler set a $135.00 price objective on UMB Financial and gave the company an "overweight" rating in a report on Friday, June 13th. Finally, Truist Financial raised their price objective on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a report on Friday. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $127.00.

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.