UMB Financial Co. (NASDAQ:UMBF) Position Boosted by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust raised its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,863 shares of the bank's stock after buying an additional 7,869 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.21% of UMB Financial worth $11,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. USA Financial Formulas raised its stake in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after buying an additional 268 shares in the last quarter. Covestor Ltd raised its stake in UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after buying an additional 124 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of UMB Financial during the fourth quarter valued at approximately $96,000. Steward Partners Investment Advisory LLC bought a new position in shares of UMB Financial during the fourth quarter valued at approximately $103,000. Finally, R Squared Ltd bought a new position in shares of UMB Financial during the fourth quarter valued at approximately $117,000. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Price Performance

NASDAQ UMBF traded up $3.21 on Thursday, reaching $97.78. 777,852 shares of the stock traded hands, compared to its average volume of 522,180. The firm's fifty day simple moving average is $98.15 and its 200 day simple moving average is $110.30. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 10.88 and a beta of 0.71. UMB Financial Co. has a 12 month low of $78.56 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The firm had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. During the same period last year, the company posted $2.47 EPS. The firm's quarterly revenue was up 41.4% on a year-over-year basis. As a group, research analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.64%. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now owns 13,010 shares of the company's stock, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UMBF. Bank of America began coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price for the company. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Citigroup reaffirmed a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada lowered their target price on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a report on Thursday. Finally, Barclays lowered their target price on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, UMB Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.13.

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.