UMB Financial Corporation $UMBF Shares Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 86.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,399 shares of the bank's stock after acquiring an additional 2,038 shares during the quarter. EP Wealth Advisors LLC's holdings in UMB Financial were worth $445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UMBF. Vanguard Group Inc. grew its holdings in shares of UMB Financial by 54.0% during the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock worth $741,342,000 after purchasing an additional 2,570,283 shares during the period. Earnest Partners LLC purchased a new position in UMB Financial during the first quarter worth about $144,351,000. Dimensional Fund Advisors LP increased its position in shares of UMB Financial by 78.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock valued at $273,029,000 after acquiring an additional 1,185,671 shares during the last quarter. Nuveen LLC purchased a new stake in shares of UMB Financial in the 1st quarter valued at approximately $51,324,000. Finally, Wellington Management Group LLP boosted its position in shares of UMB Financial by 19.1% during the 1st quarter. Wellington Management Group LLP now owns 2,407,115 shares of the bank's stock worth $243,359,000 after purchasing an additional 385,830 shares during the period. Hedge funds and other institutional investors own 87.78% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays boosted their price objective on UMB Financial from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Piper Sandler lifted their target price on UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Truist Financial boosted their target price on UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company increased their price target on UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $133.89.

Insider Transactions at UMB Financial

In other news, insider Stacy H. King sold 1,500 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $118.88, for a total value of $178,320.00. Following the completion of the sale, the insider directly owned 9,472 shares of the company's stock, valued at approximately $1,126,031.36. The trade was a 13.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Brian Beaird sold 1,205 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total value of $139,984.85. Following the transaction, the insider owned 10,147 shares in the company, valued at $1,178,776.99. This represents a 10.61% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 678 shares of company stock worth $75,948 and sold 20,845 shares worth $2,440,666. Corporate insiders own 5.45% of the company's stock.

UMB Financial Stock Down 0.9%

NASDAQ UMBF traded down $1.08 during trading on Friday, reaching $120.60. 323,188 shares of the company's stock were exchanged, compared to its average volume of 497,488. The company has a 50 day moving average price of $112.89 and a two-hundred day moving average price of $104.95. The stock has a market cap of $9.16 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $129.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $0.61. The business had revenue of $689.21 million for the quarter, compared to the consensus estimate 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 for the quarter was up 76.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. On average, equities research analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

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