Stieven Capital Advisors L.P. Invests $21.09 Million in UMB Financial Corporation (NASDAQ:UMBF)

Stieven Capital Advisors L.P. bought a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 208,589 shares of the bank's stock, valued at approximately $21,088,000. UMB Financial accounts for approximately 4.1% of Stieven Capital Advisors L.P.'s portfolio, making the stock its 4th largest holding. Stieven Capital Advisors L.P. owned 0.27% of UMB Financial at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in UMB Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock valued at $537,494,000 after purchasing an additional 48,507 shares in the last quarter. Wellington Management Group LLP increased its stake in UMB Financial by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock valued at $228,122,000 after purchasing an additional 102,104 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in UMB Financial by 10.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,912,883 shares of the bank's stock valued at $192,302,000 after purchasing an additional 174,088 shares in the last quarter. Principal Financial Group Inc. increased its stake in UMB Financial by 4.3% during the 1st quarter. Principal Financial Group Inc. now owns 839,773 shares of the bank's stock valued at $84,901,000 after purchasing an additional 34,583 shares in the last quarter. Finally, Northern Trust Corp increased its stake in UMB Financial by 16.2% during the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after purchasing an additional 88,705 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Stock Down 1.1%

Shares of NASDAQ UMBF traded down $1.25 during trading on Friday, hitting $110.21. The stock had a trading volume of 385,630 shares, compared to its average volume of 546,570. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $8.37 billion, a PE ratio of 13.86, a PEG ratio of 1.30 and a beta of 0.74. The firm has a fifty day moving average of $103.09 and a two-hundred day moving average of $104.66.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The firm's quarterly revenue was up 41.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.47 EPS. As a group, equities research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were issued 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 (DPR) is currently 20.13%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UMBF shares. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday. Truist Financial boosted their price target on shares of UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Friday. Royal Bank Of Canada reduced their target price on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Finally, Bank of America assumed 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $127.00.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 5,412 shares of the business's 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 transaction, the chief executive officer directly owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. The trade was a 1.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.