First National Advisers LLC Buys Shares of 3,675 UMB Financial Corporation (NASDAQ:UMBF)

Key Points

• First National Advisers LLC has acquired a new position in UMB Financial Corporation, purchasing 3,675 shares valued at approximately $372,000 in the first quarter.
• UMB Financial recently announced a quarterly dividend of $0.40, reflecting an annualized dividend yield of 1.48%.
• Analysts have mixed ratings on UMB Financial, with a consensus rating of "Hold" and price targets ranging from $105.00 to $140.00.

First National Advisers LLC bought a new position in UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,675 shares of the bank's stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also modified their holdings of UMBF. Freestone Grove Partners LP bought a new stake in shares of UMB Financial in the 4th quarter worth $48,235,000. Adage Capital Partners GP L.L.C. increased its holdings in shares of UMB Financial by 298.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock worth $34,051,000 after purchasing an additional 225,908 shares in the last quarter. Stieven Capital Advisors L.P. bought a new stake in shares of UMB Financial in the 1st quarter worth $21,088,000. New York State Common Retirement Fund increased its holdings in shares of UMB Financial by 1,302.5% in the 1st quarter. New York State Common Retirement Fund now owns 194,586 shares of the bank's stock worth $19,673,000 after purchasing an additional 180,712 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of UMB Financial by 22,173.3% in the 4th quarter. Point72 Asset Management L.P. now owns 176,627 shares of the bank's stock worth $19,934,000 after buying an additional 175,834 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

UMB Financial Price Performance

Shares of UMBF stock traded down $0.71 during trading hours on Thursday, hitting $110.09. The stock had a trading volume of 404,147 shares, compared to its average volume of 663,295. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The stock's 50-day moving average price is $104.52 and its two-hundred day moving average price is $104.19. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.45 and a beta of 0.74.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 13.84% and a net margin of 15.42%. The firm had revenue of $689.21 million for the quarter, compared to analysts' expectations of $638.25 million. During the same period in the previous year, the firm posted $2.16 earnings per share. The business's revenue was up 76.7% compared to the same quarter last year. Equities analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.45%. UMB Financial's payout ratio is currently 20.13%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $101.81, for a total transaction of $550,995.72. Following the sale, the chief executive officer directly owned 288,945 shares of the company's stock, valued at $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of research reports. Piper Sandler raised their price target on UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday. Royal Bank Of Canada raised their price target on UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research note on Thursday. Barclays restated an "overweight" rating and issued a $150.00 price target on shares of UMB Financial in a research note on Thursday. Raymond James Financial lifted their target price on UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a research report on Thursday. Finally, Truist Financial lifted their target price on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.56.

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.