Yousif Capital Management LLC Acquires 7,694 Shares of UMB Financial Corporation (NASDAQ:UMBF)

Yousif Capital Management LLC boosted its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 49.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,283 shares of the bank's stock after purchasing an additional 7,694 shares during the period. Yousif Capital Management LLC's holdings in UMB Financial were worth $2,354,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in UMBF. Rothschild Investment LLC boosted its stake 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 buying an additional 221 shares during the period. Versant Capital Management Inc grew its stake in 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 increased its position 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 last quarter. Marquette Asset Management LLC purchased a new stake in shares of UMB Financial during the 1st quarter worth about $82,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial during the 4th quarter valued at about $96,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Morgan Stanley reduced their price objective 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. Wells Fargo & Company upped their price objective on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Barclays lowered their target price on shares of 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, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $122.88.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was 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 now owns 288,945 shares in the company, valued at approximately $29,417,490.45. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.45% of the company's stock.

UMB Financial Stock Performance

Shares of NASDAQ UMBF traded up $1.00 during trading hours on Wednesday, hitting $99.72. 609,364 shares of the company's stock were exchanged, compared to its average volume of 528,514. The company's 50-day moving average price is $99.93 and its 200-day moving average price is $107.16. UMB Financial Corporation has a 1-year low of $79.50 and a 1-year high of $129.94. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.17 and a beta of 0.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77.

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

UMB Financial Dividend Announcement

The business 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, June 10th. UMB Financial's payout ratio is currently 20.13%.

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.