Fox Run Management L.L.C. Makes New Investment in UMB Financial Corporation $UMBF

Key Points

• Fox Run Management L.L.C. has acquired a new position in UMB Financial Corporation, purchasing 4,759 shares valued at approximately $481,000.
• Analysts have raised their price targets for UMB Financial, with Truist Financial setting a new target of $128.00 and Barclays raising theirs to $150.00.
• UMB Financial reported a 76.7% increase in revenue year-over-year, with an EPS of $2.96 for the most recent quarter, surpassing analysts' expectations.

Fox Run Management L.L.C. acquired a new position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,759 shares of the bank's stock, valued at approximately $481,000.

Several other large investors have also recently bought and sold shares of UMBF. Bank of New York Mellon Corp grew its holdings in shares of UMB Financial by 21.1% during the first quarter. Bank of New York Mellon Corp now owns 546,483 shares of the bank's stock worth $55,249,000 after purchasing an additional 95,339 shares during the last quarter. OneDigital Investment Advisors LLC boosted its position in UMB Financial by 27.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,367 shares of the bank's stock worth $239,000 after buying an additional 509 shares during the period. Teacher Retirement System of Texas grew its holdings in UMB Financial by 96.3% during the 1st quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank's stock worth $1,590,000 after acquiring an additional 7,715 shares during the last quarter. New York State Teachers Retirement System increased its position in UMB Financial by 2.8% in the 1st quarter. New York State Teachers Retirement System now owns 60,376 shares of the bank's stock valued at $6,104,000 after acquiring an additional 1,664 shares during the period. Finally, M&T Bank Corp acquired a new position in UMB Financial in the 1st quarter valued at approximately $237,000. 87.78% of the stock is currently owned by institutional investors.

Insider Activity at UMB Financial

In related news, insider Robert Brian Beaird sold 1,205 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 10,147 shares of the company's stock, valued at approximately $1,178,776.99. This represents a 10.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 15,523 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $116.33, for a total value of $1,805,790.59. Following the transaction, the chief executive officer owned 1,536,781 shares in the company, valued at approximately $178,773,733.73. This trade represents a 1.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,140 shares of company stock valued at $2,496,771 over the last 90 days. Insiders own 5.45% of the company's stock.

UMB Financial Stock Up 5.3%

UMBF traded up $6.1520 during trading on Friday, hitting $121.3420. 485,666 shares of the company's stock were exchanged, compared to its average volume of 658,576. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $129.94. The stock has a market cap of $9.21 billion, a P/E ratio of 13.94, a PEG ratio of 1.32 and a beta of 0.77. The business's 50 day moving average is $107.61 and its two-hundred day moving average is $103.62. 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 (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company had revenue of $689.21 million for the quarter, compared to analyst estimates of $638.25 million. During the same quarter in the prior year, the business posted $2.16 EPS. The firm's revenue was up 76.7% compared to the same quarter last year. As a group, equities analysts expect that UMB Financial Corporation will post 9.66 earnings per share 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio (DPR) is currently 18.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UMBF shares. Wells Fargo & Company upped 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. Barclays lifted their price objective on UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Royal Bank Of Canada increased their target price on shares of UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, Raymond James Financial upped their price objective on shares of UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $132.11.

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.