Financial Counselors Inc. Purchases 4,936 Shares of UMB Financial Corporation (NASDAQ:UMBF)

Financial Counselors Inc. grew its holdings in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 10.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,293 shares of the bank's stock after purchasing an additional 4,936 shares during the period. Financial Counselors Inc. owned about 0.07% of UMB Financial worth $5,186,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in UMBF. Steward Partners Investment Advisory LLC acquired a new position in shares of UMB Financial in the 4th quarter valued at about $103,000. Atria Investments Inc grew its stake in shares of UMB Financial by 10.3% in the 4th quarter. Atria Investments Inc now owns 8,406 shares of the bank's stock valued at $949,000 after buying an additional 787 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of UMB Financial in the 4th quarter valued at approximately $1,752,000. Raymond James Financial Inc. bought a new stake in shares of UMB Financial in the 4th quarter valued at approximately $11,357,000. Finally, Inceptionr LLC bought a new stake in shares of UMB Financial in the 4th quarter valued at approximately $305,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the firm's 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 transaction, the chief executive officer owned 288,945 shares in the company, valued at approximately $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.45% of the company's stock.

UMB Financial Trading Down 1.1%

UMBF stock 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 546,570. The business has a fifty day simple moving average of $103.09 and a two-hundred day simple moving average of $104.80. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a market cap of $8.37 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 1.30 and a beta of 0.74. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94.

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

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 yield of 1.45%. The ex-dividend date of this dividend was Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is currently 20.13%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UMBF shares. Truist Financial upped their target price on UMB Financial from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday. Barclays increased their price objective on UMB Financial from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday. Piper Sandler set a $135.00 price objective on UMB Financial and gave the stock an "overweight" rating in a research note on Friday, June 13th. Bank of America began coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price for the company. Finally, Wells Fargo & Company raised their target price on UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, UMB Financial currently has an average rating of "Hold" and a consensus price target of $127.00.

UMB Financial Company 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.