KLCM Advisors Inc. Purchases New Shares in UMB Financial Corporation $UMBF

Key Points

• KLCM Advisors Inc. has acquired 4,878 shares of UMB Financial Corporation, valued at approximately $493,000, as disclosed in their recent Form 13F filing.
• Insider trading activity includes CEO J Mariner Kemper selling 5,412 shares for $550,995, while Director Greg M. Graves purchased 261 shares for $28,078.
• UMB Financial recently announced a quarterly dividend of $0.40, representing an annualized dividend yield of 1.4%.

KLCM Advisors Inc. purchased a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,878 shares of the bank's stock, valued at approximately $493,000.

Several other institutional investors have also added to or reduced their stakes in UMBF. SummerHaven Investment Management LLC lifted its position in shares of UMB Financial by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,145 shares of the bank's stock worth $925,000 after purchasing an additional 122 shares during the period. EP Wealth Advisors LLC lifted its position in shares of UMB Financial by 5.8% in the 4th quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock worth $266,000 after purchasing an additional 130 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of UMB Financial by 4.1% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,784 shares of the bank's stock worth $383,000 after purchasing an additional 150 shares during the period. Heritage Family Offices LLP lifted its position in shares of UMB Financial by 7.6% in the 1st quarter. Heritage Family Offices LLP now owns 2,215 shares of the bank's stock worth $224,000 after purchasing an additional 156 shares during the period. Finally, Fifth Third Bancorp lifted its position in UMB Financial by 38.1% during the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, insider Robert Brian Beaird sold 1,205 shares of UMB Financial stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $116.17, for a total transaction of $139,984.85. Following the transaction, the insider owned 10,147 shares of the company's stock, valued at $1,178,776.99. The trade was a 10.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 15,523 shares of UMB Financial stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $116.33, for a total transaction of $1,805,790.59. Following the transaction, the chief executive officer directly owned 1,536,781 shares in the company, valued at $178,773,733.73. This represents a 1.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,140 shares of company stock valued at $2,496,771 over the last 90 days. 5.45% of the stock is currently owned by corporate insiders.

UMB Financial Stock Performance

NASDAQ UMBF traded down $0.08 during trading hours on Tuesday, hitting $115.59. 183,636 shares of the company's stock traded hands, compared to its average volume of 659,623. The business's fifty day moving average price is $106.67 and its two-hundred day moving average price is $103.53. 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 firm has a market capitalization of $8.78 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.31 and a beta of 0.77. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94.

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

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.4%. UMB Financial's payout ratio is currently 18.39%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UMBF shares. Royal Bank Of Canada lifted their price target on shares of UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Truist Financial lifted their price target on shares of UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Piper Sandler raised their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Finally, Barclays boosted their price objective on shares of UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.11.

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.