Caliber Wealth Management LLC KS Buys New Shares in UMB Financial Corporation (NASDAQ:UMBF)

Key Points

• Caliber Wealth Management LLC KS has acquired a new stake in UMB Financial Corporation, purchasing 7,718 shares valued at approximately $780,000 during the first quarter.
• UMB Financial recently reported a quarterly EPS of $2.58, exceeding analysts' expectations, with a significant year-over-year revenue increase of 41.4%.
• The company has a current dividend yield of 1.48% following its recent quarterly dividend payment of $0.40 per share.

Caliber Wealth Management LLC KS bought a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,718 shares of the bank's stock, valued at approximately $780,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rothschild Investment LLC raised its position in shares of UMB Financial by 442.0% in the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after purchasing an additional 221 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of UMB Financial in the 1st quarter valued at approximately $42,000. Versant Capital Management Inc raised its position in shares of UMB Financial by 703.2% in the 1st quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock valued at $50,000 after purchasing an additional 436 shares in the last quarter. Covestor Ltd raised its position in shares of UMB Financial by 28.8% in the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after purchasing an additional 124 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of UMB Financial by 38.1% in the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

Analyst Ratings Changes

UMBF has been the subject of several research analyst reports. Truist Financial boosted their price objective on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a report on Friday, July 11th. Piper Sandler set a $135.00 target price on UMB Financial and gave the stock an "overweight" rating in a research report on Friday, June 13th. Royal Bank Of Canada cut their price objective on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company boosted their target price on shares of UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, Barclays boosted their price target on UMB Financial from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $127.00.

Insider Activity

In other news, CEO J Mariner Kemper sold 5,412 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $101.81, for a total value of $550,995.72. Following the sale, the chief executive officer directly owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.45% of the company's stock.

UMB Financial Stock Up 3.0%

UMB Financial stock traded up $3.33 during mid-day trading on Wednesday, hitting $112.53. 472,112 shares of the company's stock were exchanged, compared to its average volume of 661,313. 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 cap of $8.54 billion, a P/E ratio of 14.17, a P/E/G ratio of 1.45 and a beta of 0.74. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The stock has a 50 day moving average of $104.34 and a two-hundred day moving average of $104.25.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. The firm had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The business's quarterly revenue was up 76.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.16 earnings per share. As a group, analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

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.