Diversify Advisory Services LLC Invests $2 Million in UMB Financial Corporation $UMBF

Key Points

• Diversify Advisory Services initiated a roughly $2 million position in UMB Financial, buying 14,149 shares. Institutional investors collectively own 87.78% of the bank’s outstanding stock.
• Analysts maintain a favorable outlook, with UMB Financial receiving a consensus “Moderate Buy” rating and an average price target of $165, compared with a recent trading price of $145.02.
• UMB Financial exceeded quarterly earnings and revenue expectations, reporting $3.57 in EPS and $778 million in revenue. The company also raised its quarterly dividend to $0.50 per share, while insiders sold more than 34,000 shares during the latest quarter.

Diversify Advisory Services LLC bought a new position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,149 shares of the bank's stock, valued at approximately $1,995,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. MBM Wealth Consultants LLC bought a new stake in shares of UMB Financial in the first quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new position in UMB Financial in the fourth quarter valued at about $27,000. Axiom Investment Management LLC purchased a new position in UMB Financial in the first quarter valued at about $28,000. Hilton Head Capital Partners LLC purchased a new position in UMB Financial in the fourth quarter valued at about $34,000. Finally, Torren Management LLC purchased a new position in UMB Financial in the fourth quarter valued at about $37,000. 87.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UMBF. Citigroup restated a "neutral" rating and set a $162.00 price target (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Keefe, Bruyette & Woods boosted their price target on UMB Financial from $155.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. TD Cowen restated a "buy" rating and set a $166.00 price target (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Morgan Stanley boosted their price target on UMB Financial from $143.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Finally, Piper Sandler restated an "overweight" rating and set a $181.00 price target (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, UMB Financial has a consensus rating of "Moderate Buy" and a consensus target price of $165.00.

UMB Financial Trading Down 0.6%

UMBF traded down $0.84 during mid-day trading on Friday, hitting $145.02. 114,305 shares of the stock were exchanged, compared to its average volume of 624,207. The firm's fifty day moving average is $143.63 and its two-hundred day moving average is $130.28. UMB Financial Corporation has a 1-year low of $103.38 and a 1-year high of $153.32. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a market cap of $11.01 billion, a PE ratio of 12.07, a PEG ratio of 0.72 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter in the prior year, the company earned $2.96 EPS. Equities analysts forecast that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. This is an increase from UMB Financial's previous quarterly dividend of $0.43. UMB Financial's dividend payout ratio is 14.32%.

Insiders Place Their Bets

In related news, Director Susan G. Murphy sold 1,377 shares of the firm's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total transaction of $200,422.35. Following the transaction, the director owned 10,635 shares in the company, valued at $1,547,924.25. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO J Mariner Kemper sold 15,062 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total value of $2,237,460.10. Following the transaction, the chief executive officer owned 1,491,138 shares in the company, valued at $221,508,549.90. This represents a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 34,171 shares of company stock worth $4,919,826. 5.33% of the stock is currently owned by company insiders.

About UMB Financial

UMB Financial Corporation NASDAQ: UMBF is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.

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