UMB Financial Corporation $UMBF Stock Bought by Inspire Investing LLC

Key Points

• Inspire Investing increased its UMB Financial stake by 447.2% in the third quarter, ending with 22,703 shares valued at approximately $2.95 million. Institutional investors collectively own 87.78% of the stock.
• Analysts maintain a generally positive outlook, with UMB Financial carrying a “Moderate Buy” consensus rating and an average price target of $162.86, above its reported share price of $135.51.
• UMB Financial exceeded quarterly earnings expectations, reporting $3.57 in EPS and $778 million in revenue, while raising its quarterly dividend to $0.50 per share, equivalent to a 1.5% annual yield.

Inspire Investing LLC boosted its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 447.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,703 shares of the bank's stock after acquiring an additional 18,554 shares during the quarter. Inspire Investing LLC's holdings in UMB Financial were worth $2,952,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UMBF. BlackRock Inc. bought a new position in shares of UMB Financial in the second quarter valued at $1,458,386,000. Dimensional Fund Advisors LP boosted its position in UMB Financial by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank's stock worth $328,200,000 after purchasing an additional 55,005 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of UMB Financial in the 2nd quarter worth about $129,153,000. First Trust Advisors LP grew its position in UMB Financial by 12.0% during the first quarter. First Trust Advisors LP now owns 899,400 shares of the bank's stock valued at $101,443,000 after buying an additional 96,149 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in UMB Financial during the second quarter worth about $78,410,000. 87.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on UMBF shares. Weiss Ratings restated a "buy (b)" rating on shares of UMB Financial in a research report on Thursday. Zacks Research lowered UMB Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 30th. Barclays reaffirmed an "overweight" rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a report on Monday, August 3rd. Raymond James Financial assumed coverage on UMB Financial in a research report on Thursday, August 27th. They set an "outperform" rating and a $165.00 price target on the stock. Finally, Morgan Stanley lowered their price target on shares of UMB Financial from $190.00 to $182.00 and set an "overweight" rating on the stock in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $162.86.

Insiders Place Their Bets

In related news, insider Phillip Mason sold 800 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total transaction of $117,600.00. Following the completion of the transaction, the insider owned 8,894 shares in the company, valued at $1,307,418. The trade was a 8.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Greg M. Graves acquired 573 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average price of $139.60 per share, with a total value of $79,990.80. Following the acquisition, the director owned 40,463 shares in the company, valued at approximately $5,648,634.80. The trade was a 1.44% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have sold 25,544 shares of company stock valued at $3,775,862. 5.33% of the stock is currently owned by company insiders.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF opened at $135.51 on Friday. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.63 and a beta of 0.82. The company has a 50-day moving average price of $137.05 and a 200-day moving average price of $135.60. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12 month low of $68.92 and a 12 month high of $144.36.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%. The firm had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. During the same quarter in the previous year, the firm earned $2.96 EPS. As a group, equities analysts anticipate that UMB Financial Corporation will post 13.53 EPS for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.5%. This is a positive change from UMB Financial's previous quarterly dividend of $0.43. The ex-dividend date was Thursday, September 10th. UMB Financial's dividend payout ratio (DPR) is presently 16.65%.

UMB Financial Company Profile

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.

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