Focus Partners Advisor Solutions LLC Purchases Shares of 25,101 UMB Financial Corporation $UMBF

Key Points

• Focus Partners Advisor Solutions LLC has acquired a new stake of 25,101 shares in UMB Financial Corporation, valued at approximately $2.54 million.
• Insider selling activity has been noted, with Stacy H. King and Phillip James Mason collectively selling 2,250 shares recently, indicating significant insider movements.
• UMB Financial reported stellar quarterly earnings of $2.96 EPS and a revenue of $689.21 million, surpassing analysts' expectations significantly.

Focus Partners Advisor Solutions LLC bought a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,101 shares of the bank's stock, valued at approximately $2,538,000.

A number of other institutional investors have also added to or reduced their stakes in UMBF. Royal Bank of Canada increased its holdings in shares of UMB Financial by 28.2% in the first quarter. Royal Bank of Canada now owns 42,829 shares of the bank's stock worth $4,329,000 after buying an additional 9,417 shares during the period. MAI Capital Management increased its holdings in shares of UMB Financial by 14.7% in the first quarter. MAI Capital Management now owns 771 shares of the bank's stock worth $78,000 after buying an additional 99 shares during the period. Vident Advisory LLC purchased a new position in shares of UMB Financial in the first quarter worth about $202,000. Evergreen Capital Management LLC purchased a new position in shares of UMB Financial in the first quarter worth about $456,000. Finally, State of Wyoming increased its holdings in shares of UMB Financial by 97.9% in the first quarter. State of Wyoming now owns 7,585 shares of the bank's stock worth $767,000 after buying an additional 3,752 shares during the period. Institutional investors own 87.78% of the company's stock.

Analysts Set New Price Targets

UMBF has been the topic of several analyst reports. Raymond James Financial lifted their price objective on UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Truist Financial boosted their price target on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a report on Friday, July 11th. Barclays boosted their price target on UMB Financial from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company boosted their price target on UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price target on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $132.11.

UMB Financial Stock Up 0.7%

UMB Financial stock traded up $0.84 during trading hours on Friday, hitting $124.47. 692,812 shares of the stock traded hands, compared to its average volume of 474,331. The firm's 50-day moving average price is $111.66 and its two-hundred day moving average price is $104.46. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market cap of $9.45 billion, a PE ratio of 14.31, a PEG ratio of 1.41 and a beta of 0.77. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The firm had revenue of $689.21 million for the quarter, compared to analysts' expectations of $638.25 million. During the same period in the previous year, the firm posted $2.16 EPS. The business's revenue for the quarter was up 76.7% compared to the same quarter last year. On average, research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 10th. UMB Financial's payout ratio is currently 18.39%.

Insider Transactions at UMB Financial

In related news, Director Greg M. Graves purchased 234 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average cost of $120.44 per share, with a total value of $28,182.96. Following the transaction, the director directly owned 38,034 shares in the company, valued at $4,580,814.96. This trade represents a 0.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Harris sold 500 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $122.02, for a total value of $61,010.00. Following the completion of the sale, the executive vice president directly owned 7,285 shares in the company, valued at approximately $888,915.70. This represents a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. 5.45% of the stock is owned by company insiders.

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.