Cwm LLC Has $1.16 Million Position in UMB Financial Corporation $UMBF

Cwm LLC raised its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 4.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,068 shares of the bank’s stock after buying an additional 465 shares during the quarter. Cwm LLC’s holdings in UMB Financial were worth $1,164,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of UMB Financial by 21.1% during the 1st 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 period. OneDigital Investment Advisors LLC grew its position in shares of UMB Financial by 27.4% during the 1st 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 period. Teacher Retirement System of Texas grew its position in shares of UMB Financial by 96.3% in the 1st quarter. Teacher Retirement System of Texas now owns 15,723 shares of the bank’s stock valued at $1,590,000 after purchasing an additional 7,715 shares during the period. New York State Teachers Retirement System grew its position in shares of UMB Financial by 2.8% in the 1st quarter. New York State Teachers Retirement System now owns 60,376 shares of the bank’s stock valued at $6,104,000 after purchasing an additional 1,664 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of UMB Financial in the 1st quarter valued at approximately $237,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UMBF. Truist Financial boosted their price objective on UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Hovde Group initiated coverage on UMB Financial in a research report on Monday, October 6th. They issued an “outperform” rating for the company. Raymond James Financial upped their price target on UMB Financial from $135.00 to $138.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 31st. TD Cowen initiated coverage on UMB Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $151.00 price target for the company. Finally, Piper Sandler upped their price target on UMB Financial from $135.00 to $148.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

UMB Financial Stock Down 0.4%

UMBF opened at $111.87 on Wednesday. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The stock’s fifty day simple moving average is $118.90 and its 200 day simple moving average is $108.46. 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 stock has a market cap of $8.49 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.15 and a beta of 0.73.

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

UMB Financial Announces Dividend

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

Insider Buying and Selling

In related news, insider Robert Brian Beaird sold 1,205 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total value of $139,984.85. Following the transaction, the insider owned 10,147 shares in the company, valued at approximately $1,178,776.99. This trade represents a 10.61% 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, insider Phillip James Mason sold 750 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $120.97, for a total value of $90,727.50. Following the completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders have purchased 678 shares of company stock valued at $75,948 and have sold 20,845 shares valued at $2,440,666. Company insiders own 5.45% of the company’s stock.

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.