Precision Wealth Strategies LLC Makes New $293,000 Investment in UMB Financial Corporation (NASDAQ:UMBF)

Precision Wealth Strategies LLC purchased a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,897 shares of the bank's stock, valued at approximately $293,000.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in UMB Financial in the fourth quarter valued at $2,190,000. US Bancorp DE raised its position in UMB Financial by 46.9% in the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after purchasing an additional 4,182 shares in the last quarter. Northern Trust Corp boosted its stake in shares of UMB Financial by 16.2% in the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after buying an additional 88,705 shares during the period. Inceptionr LLC purchased a new stake in shares of UMB Financial during the fourth quarter worth approximately $305,000. Finally, Vontobel Holding Ltd. raised its holdings in UMB Financial by 107.8% in the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock valued at $626,000 after acquiring an additional 2,877 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

Insiders Place Their Bets

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

UMB Financial Stock Performance

UMBF stock traded up $1.49 on Wednesday, hitting $100.21. The company's stock had a trading volume of 542,571 shares, compared to its average volume of 528,244. UMB Financial Corporation has a 1 year low of $79.50 and a 1 year high of $129.94. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.17 and a beta of 0.75. The firm has a 50 day moving average of $99.93 and a two-hundred day moving average of $107.16. 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 posted its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The company had revenue of $563.84 million during the quarter, compared to analysts' expectations of $555.79 million. UMB Financial had a return on equity of 12.09% and a net margin of 13.64%. The firm's revenue for the quarter was up 41.4% on a year-over-year basis. During the same period last year, the firm earned $2.47 EPS. Equities analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.60%. UMB Financial's dividend payout ratio is currently 20.13%.

Wall Street Analyst Weigh In

Several research analysts have commented on UMBF shares. Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Piper Sandler set a $135.00 target price on shares of UMB Financial and gave the stock an "overweight" rating in a research note on Friday, June 13th. Wells Fargo & Company increased their target price on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a report on Thursday, May 1st. Truist Financial initiated coverage on UMB Financial in a report on Tuesday, May 13th. They set a "buy" rating and a $120.00 price target for the company. Finally, Barclays dropped their price objective on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and a consensus target price of $122.88.

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.