Inspire Investing LLC Decreases Stock Holdings in UMB Financial Corporation $UMBF

Inspire Investing LLC lowered its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,401 shares of the bank’s stock after selling 143 shares during the period. Inspire Investing LLC’s holdings in UMB Financial were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in UMBF. Cetera Investment Advisers purchased a new stake in UMB Financial during the fourth quarter worth about $238,000. Nuveen Asset Management LLC boosted its holdings in UMB Financial by 18.7% during the fourth quarter. Nuveen Asset Management LLC now owns 427,586 shares of the bank’s stock worth $48,257,000 after buying an additional 67,480 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in UMB Financial during the fourth quarter worth about $664,000. Quantinno Capital Management LP purchased a new stake in shares of UMB Financial in the fourth quarter valued at about $214,000. Finally, State of Wyoming lifted its holdings in shares of UMB Financial by 46.4% in the fourth quarter. State of Wyoming now owns 3,833 shares of the bank’s stock valued at $433,000 after purchasing an additional 1,215 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $118.89 on Wednesday. The firm has a 50 day simple moving average of $114.95 and a 200-day simple moving average of $105.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $9.03 billion, a PE ratio of 13.67, a P/E/G ratio of 1.38 and a beta of 0.77. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly 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 firm had revenue of $689.21 million during the quarter, compared to analyst estimates of $638.25 million. During the same quarter in the prior year, the business posted $2.16 earnings per share. UMB Financial’s revenue for the quarter was up 76.7% compared to the same quarter last year. On average, equities analysts expect that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.3%. UMB Financial’s dividend payout ratio is 18.39%.

Insider Activity

In related news, CEO J Mariner Kemper sold 15,523 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $116.33, for a total transaction of $1,805,790.59. Following the completion of the transaction, the chief executive officer owned 1,536,781 shares of the company’s stock, valued at approximately $178,773,733.73. This represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Phillip James Mason sold 750 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $120.97, for a total transaction of $90,727.50. Following the transaction, the insider directly owned 8,815 shares of the company’s stock, valued at $1,066,350.55. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 678 shares of company stock valued at $75,948 and have sold 20,845 shares valued at $2,440,666. 5.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UMBF. Wells Fargo & Company upped their price target on shares of UMB Financial from $120.00 to $125.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Truist Financial upped their price target on shares of UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a report on Monday, September 8th. Royal Bank Of Canada upped their price target on shares of UMB Financial from $115.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Piper Sandler upped their price target on shares of UMB Financial from $135.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Raymond James Financial upped their price target on shares of UMB Financial from $135.00 to $138.00 and gave the company a “strong-buy” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and a consensus target price of $133.89.

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.