UMB Financial Corporation $UMBF Shares Purchased by Savant Capital LLC

Savant Capital LLC raised its position in UMB Financial Corporation (NASDAQ:UMBF) by 82.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,541 shares of the bank’s stock after purchasing an additional 3,848 shares during the quarter. Savant Capital LLC’s holdings in UMB Financial were worth $898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Brooklyn Investment Group raised its holdings in shares of UMB Financial by 4,840.0% in the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock valued at $25,000 after buying an additional 242 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in UMB Financial during the 1st quarter valued at about $27,000. McIlrath & Eck LLC acquired a new position in UMB Financial in the 1st quarter valued at about $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in UMB Financial in the 1st quarter valued at about $35,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of UMB Financial by 143.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock worth $37,000 after purchasing an additional 213 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler restated an “overweight” rating and issued a $145.00 price objective (down previously from $148.00) on shares of UMB Financial in a report on Thursday, October 30th. Truist Financial raised their price target on shares of UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Barclays set a $155.00 price objective on UMB Financial and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Finally, Royal Bank Of Canada raised UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 target price for the company in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $137.20.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $109.03 on Friday. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.77. The firm has a market capitalization of $8.28 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.11 and a beta of 0.81. The business’s fifty day moving average price is $115.45 and its 200 day moving average price is $110.49.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. The firm had revenue of $678.34 million during the quarter, compared to the consensus estimate of $661.60 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The firm’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.25 earnings per share. On average, sell-side analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s dividend payout ratio (DPR) is presently 19.48%.

Insider Transactions at UMB Financial

In other news, insider Shannon Andresen Johnson sold 1,367 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total value of $164,832.86. Following the completion of the sale, the insider directly owned 34,124 shares of the company’s stock, valued at approximately $4,114,671.92. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nikki Farentino Newton sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total transaction of $137,917.00. Following the transaction, the insider owned 13,667 shares in the company, valued at approximately $1,449,932.03. This trade represents a 8.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 683 shares of company stock worth $75,961 and sold 5,877 shares worth $683,734. 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.