Intech Investment Management LLC Buys 11,900 Shares of UMB Financial Corporation $UMBF

Key Points

• Intech Investment Management LLC increased its stake in UMB Financial Corporation by 52.5%, acquiring an additional 11,900 shares, bringing its total holdings to 34,552 shares valued at approximately $3.49 million.
• Multiple analysts have raised their price targets for UMB Financial, with Barclays setting a new target of $150.00 and an overall average target of $133.89, indicating strong investor optimism.
• Insider sales were noted, with the sale of 750 shares by insider Phillip James Mason at an average price of $120.97, representing a 7.84% decrease in his position with a total transaction value of $90,727.50.

Intech Investment Management LLC lifted its stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 52.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,552 shares of the bank's stock after purchasing an additional 11,900 shares during the period. Intech Investment Management LLC's holdings in UMB Financial were worth $3,493,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Brooklyn Investment Group increased its holdings in UMB Financial by 4,840.0% in the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock worth $25,000 after acquiring an additional 242 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of UMB Financial during the first quarter worth about $27,000. Rothschild Investment LLC increased its position in shares of UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after purchasing an additional 221 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in UMB Financial in the first quarter valued at approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in UMB Financial during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insiders Place Their Bets

In other news, insider Phillip James Mason sold 750 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $120.97, for a total value of $90,727.50. Following the completion of the transaction, the insider owned 8,815 shares in the company, valued at $1,066,350.55. This trade represents a 7.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stacy H. King sold 1,500 shares of the company's stock in a transaction on 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 in the company, valued at approximately $1,126,031.36. The trade was a 13.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 678 shares of company stock valued at $75,948 and sold 20,845 shares valued at $2,440,666. 5.45% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on UMBF shares. Raymond James Financial raised 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 report on Thursday, July 31st. Wells Fargo & Company raised 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. 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 report on Thursday, July 31st. Barclays raised 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. Finally, Piper Sandler upped their target price on UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. One 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $133.89.

UMB Financial Price Performance

UMBF opened at $120.60 on Friday. The stock's 50 day moving average price is $112.89 and its 200-day moving average price is $104.92. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $129.94. The stock has a market capitalization of $9.16 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. 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 issued its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, beating 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 business had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same period in the previous year, the firm earned $2.16 EPS. The company's quarterly revenue was up 76.7% compared to the same quarter last year. On average, equities research analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 10th. 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.

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