First Trust Advisors LP Has $101.44 Million Stock Position in UMB Financial Corporation $UMBF

First Trust Advisors LP raised its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 899,400 shares of the bank’s stock after buying an additional 96,149 shares during the quarter. First Trust Advisors LP’s holdings in UMB Financial were worth $101,443,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. AG increased its position in UMB Financial by 40.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 38,261 shares of the bank’s stock worth $4,402,000 after acquiring an additional 11,083 shares during the period. Farther Finance Advisors LLC boosted its holdings in UMB Financial by 5,349.0% in the 4th quarter. Farther Finance Advisors LLC now owns 13,568 shares of the bank’s stock valued at $1,561,000 after purchasing an additional 13,319 shares during the period. Clearbridge Investments LLC grew its position in UMB Financial by 1.5% in the 4th quarter. Clearbridge Investments LLC now owns 614,037 shares of the bank’s stock worth $70,639,000 after purchasing an additional 9,147 shares during the last quarter. Fifth Third Bancorp grew its position in UMB Financial by 5,109.5% in the 1st quarter. Fifth Third Bancorp now owns 30,007 shares of the bank’s stock worth $3,384,000 after purchasing an additional 29,431 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of UMB Financial by 62.7% during the 1st quarter. SG Americas Securities LLC now owns 20,784 shares of the bank’s stock worth $2,344,000 after purchasing an additional 8,013 shares during the period. 87.78% of the stock is owned by institutional investors.

UMB Financial Price Performance

NASDAQ:UMBF opened at $141.20 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50-day moving average of $137.14 and a 200-day moving average of $126.97. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $148.31. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.77 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The business had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. During the same quarter in the previous year, the firm posted $2.58 earnings per share. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. As a group, equities research analysts anticipate that UMB Financial Corporation will post 12.85 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, June 10th. UMB Financial’s dividend payout ratio is currently 15.26%.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total value of $50,627.28. Following the sale, the director owned 12,223 shares of the company’s stock, valued at $1,624,192.24. The trade was a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President James D. Rine sold 8,246 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the sale, the president owned 61,446 shares in the company, valued at $8,147,125.14. This trade represents a 11.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Hovde Group upped their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. TD Cowen raised their price objective on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Stephens started coverage on UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and an average target price of $152.17.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.