Oregon Public Employees Retirement Fund Boosts Stake in UMB Financial Corporation (NASDAQ:UMBF)

Oregon Public Employees Retirement Fund increased its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 54.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,916 shares of the bank's stock after acquiring an additional 4,900 shares during the period. Oregon Public Employees Retirement Fund's holdings in UMB Financial were worth $1,407,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UMBF. Rothschild Investment LLC raised its position 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 purchasing an additional 221 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of UMB Financial by 703.2% in the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock valued at $50,000 after acquiring an additional 436 shares during the last quarter. Covestor Ltd increased its holdings in shares of UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after acquiring an additional 124 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of UMB Financial by 38.1% in the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after acquiring an additional 172 shares during the last quarter. Finally, Marquette Asset Management LLC purchased a new position in shares of UMB Financial in the 1st quarter valued at about $82,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction on Monday, June 2nd. The stock was 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 owned 288,945 shares of the company's stock, valued at $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.45% of the stock is currently owned by corporate insiders.

UMB Financial Price Performance

Shares of UMBF traded up $0.92 during mid-day trading on Friday, hitting $110.35. The company's stock had a trading volume of 301,436 shares, compared to its average volume of 545,520. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $103.30 and a 200 day simple moving average of $105.51. The firm has a market capitalization of $8.38 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.29 and a beta of 0.74. UMB Financial Corporation has a 1-year low of $81.01 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 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 analysts' expectations of $555.79 million. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The company's quarterly revenue was up 41.4% compared to the same quarter last year. During the same period last year, the firm earned $2.47 EPS. Analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, June 10th. UMB Financial's dividend payout ratio is currently 20.13%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UMBF shares. Wells Fargo & Company increased their price objective on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Truist Financial assumed coverage on UMB Financial in a report on Tuesday, May 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Morgan Stanley dropped their price target on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Barclays dropped their price target on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen downgraded UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $122.88.

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.