First Community Trust NA Invests $377,000 in UMB Financial Co. (NASDAQ:UMBF)

First Community Trust NA acquired a new position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,730 shares of the bank's stock, valued at approximately $377,000.

A number of other large investors have also recently bought and sold shares of the company. Rothschild Investment LLC boosted its stake in shares of 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 purchasing an additional 221 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of UMB Financial by 59.9% during the first quarter. Parallel Advisors LLC now owns 1,276 shares of the bank's stock worth $129,000 after buying an additional 478 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of UMB Financial by 22,336.9% in the 1st quarter. GAMMA Investing LLC now owns 93,113 shares of the bank's stock valued at $9,414,000 after acquiring an additional 92,698 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of UMB Financial by 82.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,343 shares of the bank's stock valued at $136,000 after acquiring an additional 605 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in UMB Financial by 703.2% in the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock worth $50,000 after purchasing an additional 436 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Trading Down 1.0%

UMBF stock traded down $0.99 during midday trading on Monday, hitting $102.13. The stock had a trading volume of 468,480 shares, compared to its average volume of 520,197. The firm has a market cap of $7.75 billion, a P/E ratio of 11.36 and a beta of 0.72. 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 Co. has a 1-year low of $78.91 and a 1-year high of $129.94. The business has a fifty day moving average price of $98.07 and a two-hundred day moving average price of $108.81.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The firm had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. During the same period in the previous year, the firm posted $2.47 earnings per share. The business's revenue was up 41.4% compared to the same quarter last year. On average, sell-side analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is currently 20.13%.

Wall Street Analyst Weigh In

Several equities analysts have commented on UMBF shares. Royal Bank of Canada dropped their target price on 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. Citigroup reiterated a "neutral" rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Bank of America began coverage on shares of UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target on the stock. Wells Fargo & Company lifted 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. Finally, Piper Sandler reiterated an "overweight" rating and set a $137.00 price target (up previously from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.13.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the completion of the sale, the chief executive officer now directly owns 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.45% of the company's stock.

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.