Bayview Asset Management LLC Acquires Shares of 5,500 UMB Financial Corporation $UMBF

Bayview Asset Management LLC purchased a new stake in UMB Financial Corporation (NASDAQ:UMBF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,500 shares of the bank’s stock, valued at approximately $578,000. UMB Financial accounts for approximately 0.2% of Bayview Asset Management LLC’s holdings, making the stock its 20th largest holding.

A number of other large investors have also added to or reduced their stakes in the stock. Brooklyn Investment Group raised its holdings in UMB Financial by 4,840.0% in the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock valued at $25,000 after acquiring an additional 242 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in UMB Financial during the first quarter worth about $27,000. McIlrath & Eck LLC bought a new position in UMB Financial in the first quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of UMB Financial during the 1st quarter worth $35,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in UMB Financial by 143.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 362 shares of the bank’s stock worth $37,000 after acquiring an additional 213 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Trading Down 0.8%

UMBF opened at $111.08 on Monday. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $128.80. The firm has a market capitalization of $8.44 billion, a PE ratio of 12.58, a P/E/G ratio of 1.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.77. The company’s 50-day moving average is $112.39 and its 200 day moving average is $110.76.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. The business had revenue of $678.34 million during the quarter, compared to the consensus estimate of $661.60 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The company’s quarterly revenue was up 67.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 EPS. As a group, research analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.5%. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, December 10th. UMB Financial’s dividend payout ratio is currently 19.48%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UMBF. Morgan Stanley raised their price target on shares of UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Hovde Group assumed coverage on shares of UMB Financial in a research note on Monday, October 6th. They set an “outperform” rating on the stock. Cowen assumed coverage on UMB Financial in a research note on Wednesday, September 24th. They issued a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of UMB Financial in a report on Tuesday, November 25th. Finally, Truist Financial boosted their price objective on UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Insider Buying and Selling

In related news, Director Greg M. Graves acquired 264 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of $106.41 per share, for a total transaction of $28,092.24. Following the purchase, the director owned 38,411 shares in the company, valued at approximately $4,087,314.51. The trade was a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 460 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $110.71, for a total transaction of $50,926.60. Following the completion of the sale, the director owned 12,090 shares of the company’s stock, valued at approximately $1,338,483.90. The trade was a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 683 shares of company stock valued at $75,961 and sold 3,127 shares valued at $353,676. 5.45% of the stock is owned by insiders.

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.