Whelan Financial Takes Position in UMB Financial Corporation (NASDAQ:UMBF)

Whelan Financial bought a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,942 shares of the bank's stock, valued at approximately $500,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC lifted its position in shares of UMB Financial by 442.0% during the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after acquiring an additional 221 shares in the last quarter. Versant Capital Management Inc grew its position 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 purchasing an additional 436 shares in the last quarter. Covestor Ltd raised its stake in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after purchasing an additional 124 shares during the period. Fifth Third Bancorp lifted its holdings in UMB Financial by 38.1% during the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock worth $63,000 after purchasing an additional 172 shares in the last quarter. Finally, Marquette Asset Management LLC bought a new position in UMB Financial in the 1st quarter worth about $82,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Stock Up 0.8%

Shares of NASDAQ:UMBF traded up $0.92 during midday trading on Friday, reaching $110.35. The company's stock had a trading volume of 301,436 shares, compared to its average volume of 545,520. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average of $103.30 and a 200-day moving average of $105.51. The firm has a market capitalization of $8.38 billion, a P/E ratio of 13.88, a PEG ratio of 1.29 and a beta of 0.74. UMB Financial Corporation has a 12-month low of $81.01 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced 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 13.64% and a return on equity of 12.09%. The business had revenue of $563.84 million for the quarter, compared to analysts' expectations of $555.79 million. During the same quarter in the prior year, the company earned $2.47 earnings per share. The business's revenue was up 41.4% compared to the same quarter last year. On average, research analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is 20.13%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on UMBF shares. Bank of America initiated coverage on UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target on the stock. Morgan Stanley decreased their target price 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. Royal Bank Of Canada lowered 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. Truist Financial started coverage on shares of UMB Financial in a research report on Tuesday, May 13th. They set a "buy" rating and a $120.00 price target for the company. Finally, Barclays decreased their price target on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.88.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 5,412 shares of the firm's stock in a transaction on 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.45% of the company's stock.

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.