Elizabeth Park Capital Advisors Ltd. Takes Position in UMB Financial Corporation $UMBF

Key Points

• Elizabeth Park Capital Advisors Ltd. has acquired 30,457 shares of UMB Financial Corporation, valued at approximately $3,079,000, making it the 14th largest holding in their portfolio.
• Insiders have recently sold 24,390 shares of UMB Financial stock valued at $2,765,819, while insider Phillip James Mason saw a 7.84% decrease in his position after selling shares.
• UMB Financial reported a strong earnings performance with an EPS of $2.96, beating expectations, and announced a quarterly dividend of $0.40 per share.

Elizabeth Park Capital Advisors Ltd. acquired a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 30,457 shares of the bank's stock, valued at approximately $3,079,000. UMB Financial comprises approximately 2.8% of Elizabeth Park Capital Advisors Ltd.'s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of UMBF. NewEdge Advisors LLC increased its stake in shares of UMB Financial by 22.1% during the 4th quarter. NewEdge Advisors LLC now owns 3,840 shares of the bank's stock valued at $433,000 after acquiring an additional 695 shares during the last quarter. Marshall Wace LLP acquired a new stake in UMB Financial during the 4th quarter worth approximately $237,000. OneDigital Investment Advisors LLC acquired a new stake in UMB Financial during the 4th quarter worth approximately $210,000. Stifel Financial Corp acquired a new stake in UMB Financial during the 4th quarter worth approximately $219,000. Finally, Hsbc Holdings PLC increased its position in UMB Financial by 50.7% during the 4th quarter. Hsbc Holdings PLC now owns 7,391 shares of the bank's stock worth $837,000 after purchasing an additional 2,486 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Activity at UMB Financial

In other news, insider Phillip James Mason sold 750 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $120.97, for a total transaction of $90,727.50. Following the completion of the transaction, the insider directly owned 8,815 shares in the company, valued at approximately $1,066,350.55. This represents a 7.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Greg M. Graves bought 261 shares of UMB Financial stock in a transaction dated Friday, August 1st. The shares were acquired at an average price of $107.58 per share, with a total value of $28,078.38. Following the completion of the purchase, the director owned 37,800 shares in the company, valued at approximately $4,066,524. The trade was a 0.70% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 24,390 shares of company stock worth $2,765,819. 5.45% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UMBF shares. Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Royal Bank Of Canada increased their target price on shares of UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Wells Fargo & Company increased their target price on shares of UMB Financial from $120.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Barclays increased 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. Finally, Piper Sandler increased their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $132.11.

UMB Financial Stock Up 1.8%

Shares of NASDAQ:UMBF opened at $122.72 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $129.94. The company has a 50 day moving average of $108.91 and a two-hundred day moving average of $103.73. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.37 and a beta of 0.77.

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

UMB Financial Announces Dividend

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

About UMB Financial

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.

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