William Blair Investment Management LLC Makes New Investment in UMB Financial Corporation $UMBF

Key Points

• William Blair Investment Management acquired 105,762 shares of UMB Financial worth approximately $15.1 million, giving it a 0.14% stake. Institutional investors and hedge funds collectively own 87.78% of the company.
• UMB Financial exceeded quarterly expectations, reporting $3.57 in EPS versus the $3.12 consensus and revenue of $778 million versus $727.63 million expected.
• The company raised its quarterly dividend to $0.50 per share from $0.43, implying an annualized dividend of $2.00 and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $165.

William Blair Investment Management LLC acquired a new stake in UMB Financial Corporation (NASDAQ:UMBF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 105,762 shares of the bank's stock, valued at approximately $15,099,000. William Blair Investment Management LLC owned 0.14% of UMB Financial as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. MBM Wealth Consultants LLC acquired a new position in shares of UMB Financial during the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in UMB Financial in the 4th quarter valued at $27,000. Axiom Investment Management LLC acquired a new stake in UMB Financial during the 1st quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new stake in UMB Financial during the 4th quarter valued at $34,000. Finally, Torren Management LLC bought a new position in UMB Financial during the fourth quarter worth $37,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Price Performance

NASDAQ:UMBF opened at $145.14 on Friday. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $153.32. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 0.71 and a beta of 0.77. The firm's 50-day simple moving average is $143.83 and its 200 day simple moving average is $130.39. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to analysts' expectations of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter in the previous year, the company earned $2.96 EPS. As a group, sell-side analysts predict that UMB Financial Corporation will post 13.48 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This is a positive change from UMB Financial's previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. UMB Financial's dividend payout ratio (DPR) is presently 14.32%.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 360 shares of the business's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $145.13, for a total value of $52,246.80. Following the completion of the sale, the director directly owned 11,863 shares in the company, valued at approximately $1,721,677.19. The trade was a 2.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Phillip James Mason sold 800 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total value of $117,600.00. Following the sale, the insider directly owned 8,894 shares in the company, valued at $1,307,418. This represents a 8.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 34,171 shares of company stock valued at $4,919,826 in the last quarter. Corporate insiders own 5.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Morgan Stanley raised their target price on shares of UMB Financial from $143.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Wells Fargo & Company set a $160.00 target price on shares of UMB Financial and gave the stock an "equal weight" rating in a report on Monday, August 10th. Citigroup reiterated a "neutral" rating and issued a $162.00 price target (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of UMB Financial in a report on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, UMB Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.00.

UMB Financial Company Profile

UMB Financial Corporation NASDAQ: UMBF is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.

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