57,773 Shares in UMB Financial Corporation (NASDAQ:UMBF) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $5.84 million in UMB Financial Corporation by acquiring 57,773 shares, representing about 0.08% of the company's stock.
• UMB Financial recently reported earnings of $2.58 per share, exceeding analysts' expectations, with revenue growth of 41.4% year-over-year.
• The company announced a quarterly dividend of $0.40 per share, which translates to an annualized dividend yield of 1.48%.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 57,773 shares of the bank's stock, valued at approximately $5,841,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of UMB Financial at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. SummerHaven Investment Management LLC boosted its stake in UMB Financial by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 9,145 shares of the bank's stock worth $925,000 after acquiring an additional 122 shares in the last quarter. Covestor Ltd lifted its stake in shares of UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after buying an additional 124 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in shares of UMB Financial by 5.8% in the fourth quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock worth $266,000 after buying an additional 130 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of UMB Financial by 4.1% during the first quarter. Crossmark Global Holdings Inc. now owns 3,784 shares of the bank's stock valued at $383,000 after purchasing an additional 150 shares during the last quarter. Finally, Heritage Family Offices LLP raised its holdings in shares of UMB Financial by 7.6% during the first quarter. Heritage Family Offices LLP now owns 2,215 shares of the bank's stock valued at $224,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UMBF. Wells Fargo & Company upped their target price on shares of UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Piper Sandler upped 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. Bank of America began coverage on shares of UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective for the company. 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 on the stock in a research note on Thursday, May 1st. Finally, Barclays reaffirmed an "overweight" rating and issued a $150.00 price target on shares of UMB Financial in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $130.78.

UMB Financial Stock Down 1.2%

Shares of NASDAQ:UMBF traded down $1.28 during trading on Thursday, reaching $109.52. The stock had a trading volume of 174,486 shares, compared to its average volume of 661,809. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The company has a market capitalization of $8.31 billion, a P/E ratio of 12.58, a PEG ratio of 1.45 and a beta of 0.74. 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 simple moving average is $104.52 and its 200 day simple moving average is $104.19.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 13.84%. The business had revenue of $689.21 million for the quarter, compared to analysts' expectations of $638.25 million. During the same period last year, the business earned $2.16 EPS. The company's revenue was up 76.7% compared to the same quarter last year. As a group, research analysts expect that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 288,945 shares in the company, valued at $29,417,490.45. This trade represents 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. 5.45% of the stock is owned by company insiders.

UMB Financial 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.