First Affirmative Financial Network Invests $246,000 in UMB Financial Co. (NASDAQ:UMBF)

First Affirmative Financial Network bought a new position in UMB Financial Co. (NASDAQ:UMBF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,429 shares of the bank's stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UMBF. Rothschild Investment LLC raised its holdings in 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 last quarter. Versant Capital Management Inc grew its position in shares of UMB Financial by 703.2% during the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock worth $50,000 after buying an additional 436 shares during the period. Covestor Ltd grew its position in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after buying an additional 124 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of UMB Financial during the 1st quarter worth approximately $82,000. Finally, Venturi Wealth Management LLC acquired a new stake in UMB Financial in the 4th quarter valued at $96,000. Institutional investors own 87.78% of the company's stock.

Insider Activity

In related news, CEO J Mariner Kemper sold 5,412 shares of the company's stock in a transaction on 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 sale, the chief executive officer now directly owns 288,945 shares in the company, valued at $29,417,490.45. This represents a 1.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.45% of the stock is owned by corporate insiders.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $104.79 on Friday. The company has a 50 day moving average of $98.21 and a 200 day moving average of $108.35. The stock has a market cap of $7.96 billion, a P/E ratio of 11.66 and a beta of 0.75. UMB Financial Co. has a 12 month low of $78.91 and a 12 month high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released 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. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The business had revenue of $563.84 million during the quarter, compared to analysts' expectations of $555.79 million. During the same quarter in the previous year, the company earned $2.47 EPS. The business's quarterly revenue was up 41.4% compared to the same quarter last year. As a group, sell-side analysts forecast that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. UMB Financial's dividend payout ratio (DPR) is 20.13%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price target on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Piper Sandler reissued an "overweight" rating and issued a $137.00 price target (up from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. Bank of America started coverage on shares of 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, Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and a consensus price target of $123.13.

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.

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