UMB Financial Co. (NASDAQ:UMBF) Shares Bought by SJS Investment Consulting Inc.

SJS Investment Consulting Inc. grew its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 393,741.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 47,261 shares of the bank's stock after buying an additional 47,249 shares during the period. UMB Financial accounts for approximately 0.8% of SJS Investment Consulting Inc.'s portfolio, making the stock its 16th largest position. SJS Investment Consulting Inc. owned about 0.07% of UMB Financial worth $4,778,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UMBF. Rothschild Investment LLC increased its stake 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 period. Versant Capital Management Inc increased its stake in shares of UMB Financial by 703.2% during the first quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock worth $50,000 after acquiring an additional 436 shares during the period. Covestor Ltd raised its holdings in UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after purchasing an additional 124 shares in the last quarter. Marquette Asset Management LLC acquired a new stake in UMB Financial in the first quarter valued at about $82,000. Finally, GAMMA Investing LLC lifted its position in UMB Financial by 121.9% in the first quarter. GAMMA Investing LLC now owns 921 shares of the bank's stock valued at $93,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 87.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UMBF shares. Wells Fargo & Company increased their price objective on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Morgan Stanley decreased their price objective on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Bank of America assumed coverage on shares of UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price on the stock. Finally, Piper Sandler reiterated an "overweight" rating and set a $137.00 price target (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, UMB Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.13.

Insider Activity

In related news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial 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 completion of the sale, the chief executive officer now owns 288,945 shares in the company, valued at approximately $29,417,490.45. This trade represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.45% of the company's stock.

UMB Financial Price Performance

NASDAQ:UMBF traded down $1.74 during mid-day trading on Thursday, hitting $103.11. 411,563 shares of the company's stock traded hands, compared to its average volume of 671,478. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $7.83 billion, a PE ratio of 11.47 and a beta of 0.75. The firm's 50 day simple moving average is $98.95 and its 200 day simple moving average is $107.99. UMB Financial Co. has a 1 year low of $79.25 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share 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 period last year, the company posted $2.47 EPS. The company's revenue was up 41.4% on a year-over-year basis. Sell-side analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be issued 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 1.55%. UMB Financial's dividend payout ratio (DPR) is 20.13%.

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.