Bayforest Capital Ltd Buys 2,157 Shares of UMB Financial Corporation $UMBF

Key Points

• Bayforest Capital Ltd significantly increased its holdings in UMB Financial Corporation by 3,595.0% during the first quarter, bringing its total to 2,217 shares worth approximately $224,000.
• Insider Robert Brian Beaird sold 1,205 shares of UMB Financial for about $139,984 while Shannon Andresen Johnson sold 1,367 shares for approximately $164,832, reflecting a decrease in their respective holdings.
• UMB Financial announced a quarterly dividend of $0.40 per share, with a yield of 1.3%, to be paid on October 1st, and has reported strong earnings growth with a 76.7% revenue increase year-over-year.

Bayforest Capital Ltd boosted its holdings in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 3,595.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,217 shares of the bank's stock after acquiring an additional 2,157 shares during the quarter. Bayforest Capital Ltd's holdings in UMB Financial were worth $224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group increased its stake in UMB Financial by 4,840.0% in the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock valued at $25,000 after acquiring an additional 242 shares during the period. Rothschild Investment LLC increased its stake in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after acquiring an additional 221 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in UMB Financial in the first quarter valued at about $27,000. McIlrath & Eck LLC bought a new stake in UMB Financial in the first quarter valued at about $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in UMB Financial in the first quarter valued at about $35,000. Institutional investors own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In other news, Director Greg M. Graves bought 234 shares of the stock in a transaction on Tuesday, September 2nd. The stock was purchased at an average price of $120.44 per share, with a total value of $28,182.96. Following the completion of the purchase, the director owned 38,034 shares of the company's stock, valued at approximately $4,580,814.96. This trade represents a 0.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Shannon Andresen Johnson sold 1,367 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $120.58, for a total transaction of $164,832.86. Following the completion of the sale, the insider directly owned 34,124 shares of the company's stock, valued at $4,114,671.92. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 678 shares of company stock valued at $75,948 and have sold 20,845 shares valued at $2,440,666. Company insiders own 5.45% of the company's stock.

UMB Financial Trading Up 1.8%

Shares of UMBF traded up $2.14 on Wednesday, reaching $121.03. 48,184 shares of the company's stock were exchanged, compared to its average volume of 641,269. 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 stock has a market capitalization of $9.19 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.38 and a beta of 0.77. The business has a 50 day moving average price of $114.95 and a two-hundred day moving average price of $105.15. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94.

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

UMB Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have commented on UMBF. Wells Fargo & Company boosted their price target on shares of UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Truist Financial boosted their price target on shares of UMB Financial from $130.00 to $144.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Royal Bank Of Canada boosted 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. Raymond James Financial upped their target price on shares of UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Finally, Barclays upped their target price on shares of UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $133.89.

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.