19,333 Shares in UMB Financial Corporation (NASDAQ:UMBF) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,333 shares of the bank's stock, valued at approximately $1,955,000.

Several other hedge funds have also modified their holdings of UMBF. Amalgamated Bank boosted its position in shares of UMB Financial by 1.9% in the 4th quarter. Amalgamated Bank now owns 20,361 shares of the bank's stock worth $2,298,000 after purchasing an additional 376 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in UMB Financial by 3.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 8,144 shares of the bank's stock valued at $919,000 after buying an additional 236 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in UMB Financial in the fourth quarter valued at about $1,752,000. Fisher Asset Management LLC grew its stake in shares of UMB Financial by 11.3% during the fourth quarter. Fisher Asset Management LLC now owns 290,326 shares of the bank's stock worth $32,766,000 after acquiring an additional 29,516 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of UMB Financial by 46.9% during the fourth quarter. US Bancorp DE now owns 13,105 shares of the bank's stock worth $1,479,000 after acquiring an additional 4,182 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 1st. Royal Bank Of Canada dropped their price objective on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Barclays cut their target price on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America assumed coverage on UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, UMB Financial presently has a consensus rating of "Moderate Buy" and an average price target of $122.88.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction 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 transaction, the chief executive officer 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.45% of the company's stock.

UMB Financial Stock Performance

UMBF traded up $2.98 during midday trading on Tuesday, hitting $108.14. 590,036 shares of the company were exchanged, compared to its average volume of 543,437. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 1.23 and a beta of 0.74. The company's 50 day simple moving average is $102.46 and its 200 day simple moving average is $105.70. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a 1-year low of $81.01 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping the consensus estimate of $2.21 by $0.37. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The firm had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. During the same period last year, the company earned $2.47 earnings per share. UMB Financial's revenue for the quarter was up 41.4% compared to the same quarter last year. As a group, sell-side analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's dividend payout ratio is currently 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.