KBC Group NV Increases Position in UMB Financial Corporation (NASDAQ:UMBF)

KBC Group NV lifted its stake in UMB Financial Corporation (NASDAQ:UMBF) by 68.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,376 shares of the bank’s stock after acquiring an additional 1,372 shares during the period. KBC Group NV’s holdings in UMB Financial were worth $341,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC grew its stake in 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 purchasing an additional 221 shares during the last quarter. Versant Capital Management Inc grew its position in shares of UMB Financial by 703.2% in the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank’s stock worth $50,000 after buying an additional 436 shares during the last quarter. Covestor Ltd raised its stake in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of UMB Financial by 38.1% during the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank’s stock worth $63,000 after acquiring an additional 172 shares in the last quarter. Finally, Marquette Asset Management LLC purchased a new stake in UMB Financial during the first quarter valued at approximately $82,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UMBF shares. Royal Bank Of Canada reduced their price target on UMB Financial from $128.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st. Truist Financial began coverage on UMB Financial in a research report on Tuesday, May 13th. They set a “buy” rating and a $120.00 target price on the stock. Wells Fargo & Company increased their price target on UMB Financial from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Barclays cut their price objective on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Wall Street Zen cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.88.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $101.81, for a total transaction of $550,995.72. Following the sale, the chief executive officer directly owned 288,945 shares of the company’s stock, valued at approximately $29,417,490.45. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.45% of the company’s stock.

UMB Financial Trading Up 0.8%

Shares of NASDAQ:UMBF opened at $110.35 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a 52-week low of $81.01 and a 52-week high of $129.94. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 1.29 and a beta of 0.74. The business has a 50-day moving average price of $103.30 and a 200-day moving average price of $105.56.

UMB Financial (NASDAQ:UMBF) last issued its quarterly 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. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The company had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. During the same quarter in the prior year, the company earned $2.47 EPS. UMB Financial’s quarterly revenue was up 41.4% on a year-over-year basis. Equities analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently announced 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 yield of 1.45%. UMB Financial’s dividend payout ratio is presently 20.13%.

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.