2,060 Shares in UMB Financial Corporation $UMBF Bought by ANB Bank

ANB Bank bought a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,060 shares of the bank’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cetera Investment Advisers boosted its holdings in shares of UMB Financial by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock valued at $445,000 after purchasing an additional 269 shares during the last quarter. Paragon Capital Management LLC increased its holdings in shares of UMB Financial by 17.6% in the second quarter. Paragon Capital Management LLC now owns 15,603 shares of the bank’s stock worth $1,641,000 after purchasing an additional 2,340 shares during the last quarter. Creative Planning lifted its position in shares of UMB Financial by 1.1% in the second quarter. Creative Planning now owns 71,860 shares of the bank’s stock worth $7,557,000 after buying an additional 783 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in UMB Financial by 12.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,336 shares of the bank’s stock valued at $1,928,000 after buying an additional 2,068 shares during the last quarter. Finally, Angel Oak Capital Advisors LLC boosted its stake in UMB Financial by 40.2% during the second quarter. Angel Oak Capital Advisors LLC now owns 13,600 shares of the bank’s stock valued at $1,430,000 after buying an additional 3,900 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

Insider Transactions at UMB Financial

In related news, insider Nikki Farentino Newton sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total transaction of $137,917.00. Following the completion of the sale, the insider directly owned 13,667 shares of the company’s stock, valued at approximately $1,449,932.03. This trade represents a 8.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Greg M. Graves acquired 264 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $106.41 per share, for a total transaction of $28,092.24. Following the transaction, the director directly owned 38,411 shares in the company, valued at $4,087,314.51. The trade was a 0.69% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 683 shares of company stock valued at $75,961 and sold 5,877 shares valued at $683,734. Corporate insiders own 5.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UMBF shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of UMB Financial in a research note on Thursday. Piper Sandler reissued an “overweight” rating and issued a $145.00 target price (down from $148.00) on shares of UMB Financial in a report on Thursday, October 30th. Barclays set a $155.00 price target on shares of UMB Financial and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Cowen began coverage on shares of UMB Financial in a research report on Wednesday, September 24th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada raised shares of UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 price objective for the company in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $137.20.

UMB Financial Price Performance

UMB Financial stock opened at $108.40 on Friday. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.77 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $115.13 and a 200-day moving average price of $110.47. The firm has a market capitalization of $8.23 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating the consensus estimate of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The company had revenue of $678.34 million for the quarter, compared to the consensus estimate of $661.60 million. During the same period in the prior year, the firm posted $2.25 EPS. The firm’s revenue was up 67.0% compared to the same quarter last year. As a group, equities research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.43 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. UMB Financial’s payout ratio is currently 19.48%.

UMB Financial 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.