Jacobs Levy Equity Management Inc. Lowers Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Jacobs Levy Equity Management Inc. cut its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,147 shares of the bank’s stock after selling 229 shares during the period. Jacobs Levy Equity Management Inc. owned 0.15% of UMB Financial worth $6,189,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of UMB Financial by 5.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,755 shares of the bank’s stock worth $2,589,000 after purchasing an additional 1,633 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of UMB Financial by 167.4% during the first quarter. Lazard Asset Management LLC now owns 4,768 shares of the bank’s stock worth $414,000 after purchasing an additional 2,985 shares during the period. Keeley Teton Advisors LLC lifted its holdings in shares of UMB Financial by 12.9% during the first quarter. Keeley Teton Advisors LLC now owns 20,900 shares of the bank’s stock worth $1,818,000 after purchasing an additional 2,384 shares during the period. Pitcairn Co. lifted its holdings 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 purchasing an additional 604 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of UMB Financial by 30.6% during the first 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. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Price Performance

Shares of UMBF stock traded up $1.02 during mid-day trading on Tuesday, reaching $99.05. The stock had a trading volume of 825,084 shares, compared to its average volume of 346,898. UMB Financial Co. has a 12-month low of $57.91 and a 12-month high of $99.78. The company has a market cap of $4.83 billion, a P/E ratio of 13.07 and a beta of 0.80. The business has a 50-day simple moving average of $85.25 and a 200 day simple moving average of $83.01. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Monday, April 29th. The bank reported $2.47 EPS for the quarter, beating the consensus estimate 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 return on equity of 14.30% and a net margin of 14.59%. On average, sell-side analysts anticipate that UMB Financial Co. will post 8.41 earnings per share for the current year.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 2,302 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $80.72, for a total transaction of $185,817.44. Following the completion of the transaction, the chief executive officer now directly owns 1,722,404 shares in the company, valued at approximately $139,032,450.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 22,952 shares of company stock valued at $1,909,242 in the last three months. Corporate insiders own 8.85% of the company’s stock.

Analyst Upgrades and Downgrades

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

UMB Financial 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.