Keeley Teton Advisors LLC Purchases 2,384 Shares of UMB Financial Co. (NASDAQ:UMBF)

Keeley Teton Advisors LLC grew its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 12.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,900 shares of the bank’s stock after purchasing an additional 2,384 shares during the quarter. Keeley Teton Advisors LLC’s holdings in UMB Financial were worth $1,818,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UMBF. Pitcairn Co. raised its stake in shares of UMB Financial by 17.6% during the first quarter. Pitcairn Co. now owns 4,035 shares of the bank’s stock worth $351,000 after acquiring an additional 604 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in UMB Financial by 30.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank’s stock worth $300,000 after purchasing an additional 809 shares during the period. Vanguard Group Inc. lifted its stake in shares of UMB Financial by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after acquiring an additional 394,578 shares during the last quarter. US Bancorp DE increased its stake in UMB Financial by 5.0% in the 1st quarter. US Bancorp DE now owns 12,980 shares of the bank’s stock worth $1,129,000 after purchasing an additional 622 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in UMB Financial by 1.9% in the first quarter. Russell Investments Group Ltd. now owns 30,016 shares of the bank’s stock valued at $2,611,000 after purchasing an additional 567 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Trading Up 1.7 %

UMBF stock traded up $1.66 during trading on Friday, reaching $99.38. The company had a trading volume of 294,828 shares, compared to its average volume of 446,010. UMB Financial Co. has a 52 week low of $57.91 and a 52 week high of $99.75. The company has a market cap of $4.84 billion, a P/E ratio of 13.20 and a beta of 0.80. The business has a 50 day moving average of $85.00 and a 200 day moving average of $82.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Monday, April 29th. The bank reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.62. The company had revenue of $405.19 million during the quarter, compared to analysts’ expectations of $369.80 million. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. As a group, sell-side analysts forecast that UMB Financial Co. will post 8.41 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Monday, June 10th. UMB Financial’s dividend payout ratio (DPR) is 20.72%.

Insider Activity

In other news, CEO J Mariner Kemper sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $83.86, for a total transaction of $176,106.00. Following the completion of the transaction, the chief executive officer now directly owns 1,714,304 shares of the company’s stock, valued at $143,761,533.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 22,952 shares of company stock worth $1,909,242 over the last 90 days. 8.85% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UMBF shares. Wells Fargo & Company raised their target price on shares of UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Barclays boosted their price target on UMB Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, June 24th. Finally, Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $93.00 to $98.00 in a report on Friday, May 31st. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.67.

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.