4,753 Shares in UMB Financial Corporation (NASDAQ:UMBF) Bought by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC has acquired 4,753 shares of UMB Financial Corporation, valued at approximately $481,000.
• UMB Financial recently reported earnings of $2.58 per share for the quarter, surpassing analyst expectations and showing a year-over-year revenue increase of 41.4%.
• The bank announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 1.48%.

Integrated Investment Consultants LLC acquired a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,753 shares of the bank's stock, valued at approximately $481,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new position in shares of UMB Financial in the 4th quarter valued at about $201,000. Teacher Retirement System of Texas boosted its stake in shares of UMB Financial by 29.7% in the 4th quarter. Teacher Retirement System of Texas now owns 8,008 shares of the bank's stock valued at $904,000 after purchasing an additional 1,833 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of UMB Financial in the 4th quarter valued at about $1,075,000. LPL Financial LLC boosted its stake in UMB Financial by 171.6% during the 4th quarter. LPL Financial LLC now owns 20,329 shares of the bank's stock worth $2,294,000 after acquiring an additional 12,845 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in UMB Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock valued at $537,494,000 after purchasing an additional 48,507 shares during the period. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Stock Up 3.6%

UMBF stock traded up $3.95 during mid-day trading on Wednesday, hitting $113.15. 494,085 shares of the company were exchanged, compared to its average volume of 661,497. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $8.59 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.45 and a beta of 0.74. The firm's 50 day simple moving average is $104.34 and its 200 day simple moving average is $104.25. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The firm had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same period last year, the company posted $2.16 EPS. The business's quarterly revenue was up 76.7% on a year-over-year basis. On average, sell-side analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

Insider Activity

In other news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the sale, the chief executive officer directly owned 288,945 shares in the company, valued at $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Piper Sandler set a $135.00 target price on shares of UMB Financial and gave the company an "overweight" rating in a research note on Friday, June 13th. Bank of America assumed coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price for the company. Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. Barclays upped their target price on shares of UMB Financial from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Truist Financial upped their target price on shares of UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, UMB Financial currently has a consensus rating of "Hold" and an average price target of $127.00.

UMB Financial 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.