SJS Investment Consulting Inc. Buys 47,249 Shares of UMB Financial Co. (NASDAQ:UMBF)

SJS Investment Consulting Inc. raised its position in UMB Financial Co. (NASDAQ:UMBF) by 393,741.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,261 shares of the bank’s stock after purchasing an additional 47,249 shares during the quarter. UMB Financial accounts for approximately 0.8% of SJS Investment Consulting Inc.’s holdings, making the stock its 16th largest holding. SJS Investment Consulting Inc. owned 0.07% of UMB Financial worth $4,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UMBF. Vontobel Holding Ltd. raised its holdings in shares of UMB Financial by 107.8% in the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock valued at $626,000 after purchasing an additional 2,877 shares during the last quarter. Rhumbline Advisers grew its position in UMB Financial by 0.3% in the fourth quarter. Rhumbline Advisers now owns 157,642 shares of the bank’s stock valued at $17,791,000 after purchasing an additional 510 shares in the last quarter. Congress Asset Management Co. increased its stake in UMB Financial by 8.0% in the 4th quarter. Congress Asset Management Co. now owns 125,604 shares of the bank’s stock valued at $14,176,000 after buying an additional 9,349 shares during the last quarter. Monument Capital Management lifted its position in UMB Financial by 9.6% during the 4th quarter. Monument Capital Management now owns 2,920 shares of the bank’s stock worth $330,000 after buying an additional 255 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of UMB Financial by 0.4% during the 4th quarter. Truist Financial Corp now owns 19,565 shares of the bank’s stock worth $2,208,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial 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 sale, the chief executive officer now owns 288,945 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.45% of the company’s stock.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $105.89 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 12 month low of $78.91 and a 12 month high of $129.94. The stock has a 50 day moving average of $98.21 and a 200-day moving average of $108.16. The company has a market capitalization of $8.04 billion, a P/E ratio of 11.78 and a beta of 0.75.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.37. The firm had revenue of $563.84 million during the quarter, compared to analysts’ expectations of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The company’s revenue for the quarter was up 41.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.47 earnings per share. As a group, equities research analysts predict that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.51%. UMB Financial’s dividend payout ratio is currently 20.13%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their target price 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. Wall Street Zen downgraded UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. Piper Sandler reiterated an “overweight” rating and set a $137.00 price objective (up previously from $132.00) on shares of UMB Financial in a research note on Friday, May 2nd. Bank of America initiated coverage on UMB Financial in a report on Wednesday, April 16th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, Morgan Stanley lowered their target price on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.13.

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.