UMB Bank n.a. Has $457.78 Million Stake in UMB Financial Corporation $UMBF

Key Points

• UMB Bank n.a. reduced its stake in UMB Financial Corporation by 1.0%, now holding 4,353,205 shares, making it the largest position in its investment portfolio at 7.1%.
• UMB Financial reported Q2 earnings of $2.96 per share, beating estimates, and its quarterly revenue increased by 76.7% year-over-year to $689.21 million.
• A quarterly dividend of $0.40 per share will be distributed on October 1st, yielding approximately 1.3% based on an annualized basis of $1.60.

UMB Bank n.a. lowered its stake in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 1.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,353,205 shares of the bank's stock after selling 44,181 shares during the period. UMB Financial makes up approximately 7.1% of UMB Bank n.a.'s holdings, making the stock its biggest position. UMB Bank n.a. owned approximately 5.73% of UMB Financial worth $457,783,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UMBF. Brooklyn Investment Group lifted 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 acquiring an additional 242 shares during the period. Rothschild Investment LLC lifted its stake in shares of UMB Financial by 442.0% in the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock worth $27,000 after purchasing an additional 221 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of UMB Financial in the 1st quarter worth approximately $27,000. McIlrath & Eck LLC bought a new position in shares of UMB Financial in the 1st quarter worth approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of UMB Financial in the 1st quarter worth approximately $35,000. Institutional investors own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In related news, insider Shannon Andresen Johnson sold 1,367 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $120.58, for a total value of $164,832.86. Following the completion of the transaction, the insider directly owned 34,124 shares of the company's stock, valued at approximately $4,114,671.92. This trade represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Brian Beaird sold 1,205 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $116.17, for a total transaction of $139,984.85. Following the completion of the transaction, the insider directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 678 shares of company stock valued at $75,948 and sold 20,845 shares valued at $2,440,666. 5.45% of the stock is owned by company insiders.

UMB Financial Price Performance

UMBF traded up $0.07 during trading on Tuesday, reaching $119.58. 259,095 shares of the company traded hands, compared to its average volume of 643,983. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $129.94. The firm has a fifty day simple moving average of $115.86 and a 200 day simple moving average of $105.77. The company has a market cap of $9.08 billion, a P/E ratio of 13.75, a PEG ratio of 1.40 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, beating 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 business had revenue of $689.21 million during the quarter, compared to analyst estimates of $638.25 million. During the same period last year, the firm posted $2.16 EPS. The company's revenue was up 76.7% on a year-over-year basis. On average, equities analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued 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 1.3%. UMB Financial's dividend payout ratio (DPR) is 18.39%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UMBF. Royal Bank Of Canada increased 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 note on Thursday, July 31st. Truist Financial increased their price objective on shares of UMB Financial from $130.00 to $144.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Raymond James Financial increased their target price on shares of UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Piper Sandler increased 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. Finally, Barclays increased their target price 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $133.89.

UMB Financial Company 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.