UMB Financial Corporation $UMBF Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in UMB Financial Corporation by 28.9% in the first quarter, acquiring a total of 399,590 shares worth approximately $40.4 million.
• UMB Financial recently reported earnings of $2.96 EPS for the quarter, exceeding estimates and marking a 76.7% year-over-year revenue increase to $689.21 million.
• The company has announced a quarterly dividend of $0.40, with a 1.4% dividend yield and a payout ratio of 18.39%.

Invesco Ltd. lifted its position in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 28.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 399,590 shares of the bank's stock after acquiring an additional 89,610 shares during the period. Invesco Ltd. owned 0.53% of UMB Financial worth $40,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in UMBF. Vanguard Group Inc. increased its position in shares of UMB Financial by 54.0% in the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock valued at $741,342,000 after acquiring an additional 2,570,283 shares during the period. Freestone Grove Partners LP acquired a new position in shares of UMB Financial in the 4th quarter valued at $48,235,000. Charles Schwab Investment Management Inc. increased its position in shares of UMB Financial by 44.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 813,757 shares of the bank's stock valued at $82,271,000 after acquiring an additional 249,995 shares during the period. Adage Capital Partners GP L.L.C. increased its position 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 valued at $34,051,000 after acquiring an additional 225,908 shares during the period. Finally, Stieven Capital Advisors L.P. acquired a new position in shares of UMB Financial in the 1st quarter valued at $21,088,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 15,523 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $116.33, for a total transaction of $1,805,790.59. Following the completion of the transaction, the chief executive officer owned 1,536,781 shares in the company, valued at $178,773,733.73. This represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Brian Beaird sold 1,205 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total transaction of $139,984.85. Following the transaction, the insider owned 10,147 shares of the company's stock, valued at approximately $1,178,776.99. This trade represents a 10.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,140 shares of company stock worth $2,496,771 in the last 90 days. Insiders own 5.45% of the company's stock.

UMB Financial Price Performance

Shares of UMB Financial stock traded up $5.9990 during trading hours on Friday, reaching $121.1890. The stock had a trading volume of 440,657 shares, compared to its average volume of 658,466. The stock's 50 day moving average is $107.61 and its 200 day moving average is $103.62. The firm has a market capitalization of $9.20 billion, a PE ratio of 13.94, a PEG ratio of 1.32 and a beta of 0.77. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

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 for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. The business had revenue of $689.21 million during the quarter, compared to the consensus estimate of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company's revenue was up 76.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.16 earnings per share. Equities analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal 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 given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio is 18.39%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UMBF shares. Wall Street Zen downgraded UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Truist Financial upped their price target on shares of UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a report on Friday, July 11th. Raymond James Financial upped their price target on shares of UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Piper Sandler upped their price target on shares of UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price target on shares of UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and a consensus target price of $132.11.

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.