Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Takes $17.23 Million Position in UMB Financial Corporation (NASDAQ:UMBF)

Key Points

• Powszechne Towarzystwo Emerytalne Allianz Polska S.A. acquired a new position in UMB Financial Corporation during Q1, purchasing 170,440 shares valued at approximately $17.23 million, making it the firm's 5th largest holding.
• Analysts are mixed on UMB Financial, with ratings ranging from "buy" and "strong buy" to a "sell," yielding an average price target of $132.11.
• UMB Financial reported strong Q2 earnings, posting $2.96 earnings per share, significantly beating estimates, with a revenue increase of 76.7% year-over-year.

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new position in UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 170,440 shares of the bank's stock, valued at approximately $17,231,000. UMB Financial makes up 7.8% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.'s investment portfolio, making the stock its 5th largest holding. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. owned approximately 0.22% of UMB Financial at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Rothschild Investment LLC raised its stake in shares of UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after purchasing an additional 221 shares during the last quarter. Neo Ivy Capital Management bought a new stake in UMB Financial during the first quarter worth $42,000. Versant Capital Management Inc raised its position in 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 buying an additional 436 shares during the last quarter. Covestor Ltd lifted its stake in UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after acquiring an additional 124 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in UMB Financial by 38.1% during the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock worth $63,000 after acquiring an additional 172 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America initiated 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. Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Piper Sandler lifted their target price on shares of UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday. Raymond James Financial boosted their target price on UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a research note on Thursday. Finally, Wells Fargo & Company increased their price target on UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, UMB Financial currently has a consensus rating of "Moderate Buy" and an average price target of $132.11.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction dated 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 transaction, the chief executive officer owned 288,945 shares in the company, valued at $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The transaction 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 company insiders.

UMB Financial Trading Down 1.5%

NASDAQ:UMBF opened at $108.39 on Friday. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94. 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's 50 day moving average is $104.71 and its 200 day moving average is $104.26. The stock has a market capitalization of $8.23 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.46 and a beta of 0.74.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%. The firm had revenue of $689.21 million for the quarter, compared to analyst estimates of $638.25 million. During the same period in the previous year, the company posted $2.16 earnings per share. The business's revenue was up 76.7% on a year-over-year basis. Sell-side analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.5%. UMB Financial's dividend payout ratio is 18.39%.

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.

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