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

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

Several other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC increased its position in shares of UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after buying an additional 221 shares in the last quarter. Versant Capital Management Inc raised its position in 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 raised its position in 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 during the period. Fifth Third Bancorp raised its position in UMB Financial by 38.1% during the first quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock worth $63,000 after acquiring an additional 172 shares during the period. Finally, Marquette Asset Management LLC purchased a new stake in shares of UMB Financial during the first quarter worth about $82,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMB Financial

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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.45% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on UMBF. Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Royal Bank Of Canada cut their price objective on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. 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. Wells Fargo & Company boosted their price target on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Finally, Truist Financial initiated coverage on UMB Financial in a research report on Tuesday, May 13th. They set a "buy" rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $122.88.

UMB Financial Trading Down 1.3%

UMB Financial stock traded down $1.39 during mid-day trading on Monday, hitting $108.96. The company's stock had a trading volume of 537,923 shares, compared to its average volume of 545,576. The firm has a market capitalization of $8.27 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.29 and a beta of 0.74. UMB Financial Corporation has a 1 year low of $81.01 and a 1 year high of $129.94. 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 stock's fifty day moving average is $103.30 and its two-hundred day moving average is $105.45.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its 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 company had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. UMB Financial's revenue was up 41.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.47 earnings per share. On average, analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.47%. UMB Financial's 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.