Whelan Financial Takes $500,000 Position in UMB Financial Corporation (NASDAQ:UMBF)

Whelan Financial bought a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,942 shares of the bank's stock, valued at approximately $500,000.

Several other institutional investors also recently modified their holdings of UMBF. Rothschild Investment LLC lifted its holdings in shares of UMB Financial by 442.0% during the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after purchasing an additional 221 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of UMB Financial by 703.2% during the first quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock worth $50,000 after acquiring an additional 436 shares during the period. Covestor Ltd boosted its stake in UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after purchasing an additional 124 shares during the period. Fifth Third Bancorp raised its stake in shares of UMB Financial by 38.1% in the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after purchasing an additional 172 shares during the period. Finally, Marquette Asset Management LLC acquired a new position in shares of UMB Financial during the first quarter worth about $82,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 288,945 shares in the company, valued at approximately $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.45% of the stock is owned by company insiders.

UMB Financial Stock Performance

Shares of UMBF stock traded down $1.41 during trading on Monday, reaching $108.94. 92,625 shares of the company's stock were exchanged, compared to its average volume of 543,740. UMB Financial Corporation has a twelve month low of $81.01 and a twelve month high of $129.94. The firm's fifty day moving average price is $103.30 and its 200-day moving average price is $105.45. 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 stock has a market capitalization of $8.27 billion, a PE ratio of 13.68, a PEG ratio of 1.29 and a beta of 0.74.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, beating the consensus estimate of $2.21 by $0.37. The firm 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 company's quarterly revenue was up 41.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.47 earnings per share. As a group, sell-side analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.47%. UMB Financial's dividend payout ratio is currently 20.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. 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. Truist Financial initiated coverage on shares of UMB Financial in a research note on Tuesday, May 13th. They set a "buy" rating and a $120.00 price objective for the company. Piper Sandler set a $135.00 target price on UMB Financial and gave the stock an "overweight" rating in a report on Friday, June 13th. Bank of America started coverage on UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective on the stock. Finally, Morgan Stanley decreased their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.88.

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.