First National Bank of Omaha Purchases New Stake in UMB Financial Corporation $UMBF

First National Bank of Omaha purchased a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,414 shares of the bank’s stock, valued at approximately $1,053,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its holdings in shares of UMB Financial by 28.2% in the first quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after purchasing an additional 9,417 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of UMB Financial by 47.0% in the first quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock valued at $570,000 after purchasing an additional 1,803 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of UMB Financial by 65.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock worth $21,017,000 after buying an additional 82,083 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of UMB Financial by 161.7% during the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock worth $5,043,000 after buying an additional 30,820 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of UMB Financial by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock worth $445,000 after buying an additional 269 shares during the period. 87.78% of the stock is owned by institutional investors.

Insider Activity at UMB Financial

In related news, Director Susan G. Murphy sold 1,377 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the transaction, the director owned 10,635 shares in the company, valued at approximately $1,547,924.25. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 360 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $145.13, for a total transaction of $52,246.80. Following the sale, the director directly owned 11,863 shares of the company’s stock, valued at $1,721,677.19. This represents a 2.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 34,171 shares of company stock worth $4,919,826 in the last quarter. 5.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on UMBF shares. Hovde Group upped their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Barclays restated an “overweight” rating and set a $175.00 price objective (up from $170.00) on shares of UMB Financial in a report on Monday, August 3rd. TD Cowen reaffirmed a “buy” rating and issued a $166.00 target price (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Keefe, Bruyette & Woods increased their target price on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

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 company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s 50-day simple moving average is $143.83 and its 200 day simple moving average is $130.39. 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.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The firm had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the previous year, the firm posted $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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.4%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is presently 16.65%.

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.