Rhumbline Advisers Has $23.13 Million Stake in UMB Financial Co. (NASDAQ:UMBF)

Rhumbline Advisers lifted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 45.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 228,812 shares of the bank's stock after purchasing an additional 71,170 shares during the quarter. Rhumbline Advisers owned 0.30% of UMB Financial worth $23,133,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of UMBF. Rothschild Investment LLC raised its holdings in UMB Financial by 442.0% during the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after buying an additional 221 shares during the period. Versant Capital Management Inc boosted its holdings in shares of UMB Financial by 703.2% in the first 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 period. Covestor Ltd increased its position in shares of UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial during the fourth quarter worth $96,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of UMB Financial during the fourth quarter worth $103,000. Institutional investors own 87.78% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $550,995.72. Following the transaction, the chief executive officer now directly owns 288,945 shares in the company, valued at $29,417,490.45. The trade was a 1.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective for the company. Wells Fargo & Company boosted their target price on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada reduced their price target 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, UMB Financial presently has an average rating of "Moderate Buy" and an average target price of $123.13.

UMB Financial Stock Up 1.0%

UMBF traded up $1.10 on Monday, hitting $105.89. 431,996 shares of the company were exchanged, compared to its average volume of 523,606. The stock's fifty day moving average is $98.21 and its 200-day moving average is $108.16. UMB Financial Co. has a 12 month low of $78.91 and a 12 month high of $129.94. 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 $8.04 billion, a PE ratio of 11.78 and a beta of 0.75.

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, topping the consensus estimate of $2.21 by $0.37. The firm had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The business's quarterly revenue was up 41.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.47 EPS. Equities research analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.51%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is currently 20.13%.

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.