UMB Financial Corporation (NASDAQ:UMBF) Shares Bought by Cwm LLC

CWM LLC boosted its stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 277.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,603 shares of the bank's stock after acquiring an additional 7,795 shares during the period. CWM LLC's holdings in UMB Financial were worth $1,072,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC bought a new position in UMB Financial in the fourth quarter valued at $201,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of UMB Financial by 4.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 6,010 shares of the bank's stock worth $678,000 after buying an additional 232 shares during the period. Cibc World Markets Corp bought a new stake in shares of UMB Financial in the 4th quarter valued at about $474,000. Xponance Inc. grew its position in UMB Financial by 44.6% during the 4th quarter. Xponance Inc. now owns 8,733 shares of the bank's stock worth $986,000 after acquiring an additional 2,693 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of UMB Financial by 29.7% in the fourth quarter. Teacher Retirement System of Texas now owns 8,008 shares of the bank's stock worth $904,000 after buying an additional 1,833 shares during the period. 87.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of analyst reports. Royal Bank Of Canada dropped their price target on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Barclays boosted their target price on UMB Financial from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Piper Sandler set a $135.00 price objective on UMB Financial and gave the stock an "overweight" rating in a report on Friday, June 13th. Wells Fargo & Company raised their target price on shares of UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Wall Street Zen cut UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $127.00.

UMB Financial Stock Performance

UMBF stock traded down $0.37 during midday trading on Thursday, hitting $107.87. 152,173 shares of the stock traded hands, compared to its average volume of 660,233. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The firm has a market cap of $8.19 billion, a P/E ratio of 13.55, a PEG ratio of 1.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The stock's fifty day simple moving average is $103.89 and its 200-day simple moving average is $104.48.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The company had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. During the same quarter in the prior year, the firm earned $2.47 EPS. UMB Financial's quarterly revenue was up 41.4% on a year-over-year basis. On average, analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, June 10th. UMB Financial's payout ratio is currently 20.13%.

Insider Activity

In other UMB Financial news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $101.81, for a total transaction of $550,995.72. Following the transaction, the chief executive officer owned 288,945 shares of the company's stock, valued at $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 5.45% of the company's stock.

About UMB Financial

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.