PrairieView Partners LLC Makes New $452,000 Investment in UMB Financial Corporation (NASDAQ:UMBF)

Key Points

• PrairieView Partners LLC invested approximately $452,000 in UMB Financial Corporation by purchasing 4,476 shares during the 1st quarter.
• Institutional investors own 87.78% of UMB Financial's stock, with significant positions increased by multiple funds, including Bank of New York Mellon and Teacher Retirement System of Texas.
• UMB Financial announced a quarterly dividend of $0.40 per share, scheduled for payment on October 1st, representing a 1.4% dividend yield.

PrairieView Partners LLC purchased a new position in UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,476 shares of the bank's stock, valued at approximately $452,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in UMB Financial by 21.1% in the 1st 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 shares of UMB Financial by 27.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,367 shares of the bank's stock valued at $239,000 after acquiring an additional 509 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of UMB Financial by 96.3% during the 1st quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank's stock valued at $1,590,000 after acquiring an additional 7,715 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of UMB Financial by 2.8% during 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 in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of UMB Financial during the 1st quarter valued at about $237,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the completion of the transaction, the chief executive officer directly owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Greg M. Graves bought 261 shares of the company's stock in a transaction on Friday, August 1st. The stock was bought at an average cost of $107.58 per share, with a total value of $28,078.38. Following the completion of the purchase, the director owned 37,800 shares of the company's stock, valued at approximately $4,066,524. The trade was a 0.70% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.45% of the company's stock.

Wall Street Analyst Weigh In

UMBF has been the topic of several recent research reports. Barclays reiterated an "overweight" rating and set a $150.00 target price (up from $140.00) on shares of UMB Financial in a research report on Thursday, July 31st. Piper Sandler lifted their target price on shares of UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Raymond James Financial lifted their target price 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. Finally, Bank of America initiated coverage on shares of UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $132.11.

UMB Financial Trading Up 0.6%

Shares of UMBF stock opened at $111.26 on Wednesday. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $129.94. The company has a market capitalization of $8.45 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.26 and a beta of 0.77. The firm has a 50-day moving average price of $105.01 and a 200 day moving average price of $103.90. 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 announced 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 during the quarter, compared to the consensus estimate of $638.25 million. During the same period in the previous year, the firm posted $2.16 earnings per share. The company's revenue was up 76.7% on a year-over-year basis. Research analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business 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 $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. UMB Financial's payout ratio is currently 18.39%.

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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