UMB Financial Corporation (NASDAQ:UMBF) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC boosted its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 27.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,367 shares of the bank’s stock after buying an additional 509 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in UMB Financial were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC grew its position in UMB Financial by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 9,145 shares of the bank’s stock valued at $925,000 after buying an additional 122 shares during the period. Covestor Ltd grew its position in UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank’s stock valued at $63,000 after buying an additional 124 shares during the period. EP Wealth Advisors LLC grew its position in UMB Financial by 5.8% during the fourth quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank’s stock valued at $266,000 after buying an additional 130 shares during the period. Heritage Family Offices LLP grew its position in UMB Financial by 7.6% during the first quarter. Heritage Family Offices LLP now owns 2,215 shares of the bank’s stock valued at $224,000 after buying an additional 156 shares during the period. Finally, Fifth Third Bancorp grew its position in UMB Financial by 38.1% during the first quarter. Fifth Third Bancorp now owns 624 shares of the bank’s stock valued at $63,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Piper Sandler set a $135.00 target price on shares of UMB Financial and gave the company an “overweight” rating in a research report on Friday, June 13th. Truist Financial lifted their target price on shares of UMB Financial from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Friday. Wall Street Zen lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Friday, May 2nd. Barclays lifted their target price on shares of UMB Financial from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Bank of America assumed coverage on shares of UMB Financial in a research report on Wednesday, April 16th. They issued a “buy” rating and a $105.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, UMB Financial has an average rating of “Hold” and an average target price of $127.00.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $110.21 on Friday. The company’s 50-day moving average price is $103.09 and its 200-day moving average price is $104.66. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market cap of $8.37 billion, a P/E ratio of 13.86, a P/E/G ratio of 1.29 and a beta of 0.74. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.37. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The firm had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. During the same period last year, the firm posted $2.47 earnings per share. The company’s revenue for the quarter was up 41.4% on a year-over-year basis. On average, sell-side analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, June 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.13%.

Insider Buying and Selling

In other news, CEO J Mariner Kemper sold 5,412 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the sale, the chief executive officer directly owned 288,945 shares of the company’s stock, valued at approximately $29,417,490.45. The trade was a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.45% of the stock is owned by company insiders.

UMB Financial Company Profile

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.