Focus Partners Advisor Solutions LLC Increases Stock Position in UMB Financial Corporation $UMBF

Focus Partners Advisor Solutions LLC grew its position in UMB Financial Corporation (NASDAQ:UMBF) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,087 shares of the bank’s stock after purchasing an additional 986 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in UMB Financial were worth $2,743,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in UMB Financial by 21.1% during the first quarter. Bank of New York Mellon Corp now owns 546,483 shares of the bank’s stock worth $55,249,000 after buying an additional 95,339 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in UMB Financial by 27.4% during the first quarter. OneDigital Investment Advisors LLC now owns 2,367 shares of the bank’s stock worth $239,000 after buying an additional 509 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in UMB Financial by 96.3% during the first quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank’s stock worth $1,590,000 after buying an additional 7,715 shares during the last quarter. New York State Teachers Retirement System increased its holdings in UMB Financial by 2.8% during the first quarter. New York State Teachers Retirement System now owns 60,376 shares of the bank’s stock worth $6,104,000 after buying an additional 1,664 shares during the last quarter. Finally, M&T Bank Corp bought a new position in UMB Financial during the first quarter worth about $237,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on UMBF. Truist Financial increased their target price on shares of UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Hovde Group began coverage on shares of UMB Financial in a research report on Monday, October 6th. They set an “outperform” rating for the company. TD Cowen began coverage on shares of UMB Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $151.00 price objective for the company. Cowen began coverage on shares of UMB Financial in a research report on Wednesday, September 24th. They issued a “buy” rating for the company. Finally, Raymond James Financial raised their price objective on shares of UMB Financial from $135.00 to $138.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Insider Activity

In related news, insider Phillip James Mason sold 750 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $120.97, for a total value of $90,727.50. Following the transaction, the insider owned 8,815 shares in the company, valued at $1,066,350.55. The trade was a 7.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shannon Andresen Johnson sold 1,367 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 34,124 shares of the company’s stock, valued at approximately $4,114,671.92. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 678 shares of company stock worth $75,948 and have sold 20,845 shares worth $2,440,666. Corporate insiders own 5.45% of the company’s stock.

UMB Financial Trading Up 2.2%

UMBF stock opened at $113.57 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The company’s 50 day moving average price is $118.64 and its two-hundred day moving average price is $108.94. The company has a market capitalization of $8.62 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same period in the previous year, the firm earned $2.16 earnings per share. The firm’s revenue for the quarter was up 76.7% on a year-over-year basis. As a group, analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 10th. UMB Financial’s payout ratio is presently 18.39%.

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.