Park Avenue Securities LLC Purchases New Holdings in UMB Financial Corporation $UMBF

Key Points

• Park Avenue Securities LLC acquired a new stake in UMB Financial Corporation, purchasing 3,877 shares worth approximately $408,000 in the second quarter.
• Insider sales have occurred recently, including Stacy H. King selling 1,500 shares at an average price of $118.88 and Shannon Andresen Johnson selling 1,367 shares at an average of $120.58.
• UMB Financial announced a dividend of $0.40 per share, with a payout ratio of 18.39%, scheduled for distribution on October 1st.

Park Avenue Securities LLC purchased a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,877 shares of the bank's stock, valued at approximately $408,000.

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

Insider Activity

In other news, insider Stacy H. King sold 1,500 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $118.88, for a total transaction of $178,320.00. Following the transaction, the insider owned 9,472 shares of the company's stock, valued at approximately $1,126,031.36. The trade was a 13.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shannon Andresen Johnson sold 1,367 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $120.58, for a total transaction of $164,832.86. Following the transaction, the insider directly owned 34,124 shares in the company, valued at approximately $4,114,671.92. The trade was a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 678 shares of company stock worth $75,948 and have sold 20,845 shares worth $2,440,666. 5.45% of the stock is owned by insiders.

UMB Financial Stock Performance

UMBF opened at $118.49 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $9.00 billion, a PE ratio of 13.62, a P/E/G ratio of 1.35 and a beta of 0.77. The firm has a 50 day moving average of $116.91 and a two-hundred day moving average of $106.38. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $129.94.

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, beating the consensus estimate of $2.35 by $0.61. The firm had revenue of $689.21 million during the quarter, compared to analyst estimates of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The business's quarterly revenue was up 76.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.16 EPS. On average, analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently announced 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. This represents a $1.60 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 10th. UMB Financial's payout ratio is 18.39%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UMBF. Piper Sandler boosted their target price on shares of UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Barclays upped their price target on shares of UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Truist Financial upped their price target on shares of UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Morgan Stanley raised their target price on shares of UMB Financial from $120.00 to $154.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Royal Bank Of Canada lifted their price objective on shares of UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, UMB Financial has a consensus rating of "Moderate Buy" and a consensus target price of $136.90.

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.

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