50,160 Shares in UMB Financial Corporation $UMBF Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new stake in UMB Financial Corporation (NASDAQ:UMBF) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 50,160 shares of the bank’s stock, valued at approximately $7,161,000. Freestone Grove Partners LP owned approximately 0.07% of UMB Financial at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV increased its stake in UMB Financial by 4.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after buying an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of UMB Financial by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock valued at $335,000 after acquiring an additional 108 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of UMB Financial by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after acquiring an additional 112 shares in the last quarter. First Citizens Bank & Trust Co. lifted its position in shares of UMB Financial by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock valued at $820,000 after acquiring an additional 125 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of UMB Financial by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock worth $450,000 after acquiring an additional 129 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In other news, Director Susan G. Murphy sold 1,377 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $145.55, for a total transaction of $200,422.35. Following the transaction, the director owned 10,635 shares of the company’s stock, valued at approximately $1,547,924.25. The trade was a 11.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Brian Beaird sold 1,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $144.40, for a total transaction of $231,040.00. Following the sale, the insider owned 8,943 shares of the company’s stock, valued at approximately $1,291,369.20. The trade was a 15.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 34,171 shares of company stock worth $4,919,826. Corporate insiders own 5.33% of the company’s stock.

Analysts Set New Price Targets

UMBF has been the subject of several research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price target (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th. Truist Financial set a $170.00 price objective on UMB Financial and gave the company a “buy” rating in a report on Tuesday, August 4th. Zacks Research cut shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a report on Friday, July 24th. Finally, Keefe, Bruyette & Woods increased their target price on shares of UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.54.

UMB Financial Trading Up 0.0%

Shares of UMB Financial stock opened at $144.59 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50 day simple moving average is $144.86 and its 200-day simple moving average is $130.85. The stock has a market cap of $10.98 billion, a P/E ratio of 12.04, a P/E/G ratio of 0.71 and a beta of 0.77. UMB Financial Corporation has a 1-year low of $103.38 and a 1-year high of $153.32.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter last year, the firm earned $2.96 earnings per share. Analysts predict that UMB Financial Corporation will post 13.48 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend 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 14.32%.

About UMB Financial

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.