UMB Financial Co. (NASDAQ:UMBF) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 108.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,758 shares of the bank’s stock after purchasing an additional 20,703 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of UMB Financial worth $3,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UMBF. Vanguard Group Inc. grew its stake in shares of UMB Financial by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after purchasing an additional 394,578 shares during the period. American Century Companies Inc. lifted its holdings in shares of UMB Financial by 6.8% in the second quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock valued at $146,196,000 after purchasing an additional 111,090 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of UMB Financial by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after purchasing an additional 100,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of UMB Financial by 113.9% during the 2nd quarter. Renaissance Technologies LLC now owns 171,800 shares of the bank’s stock worth $14,332,000 after purchasing an additional 91,500 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of UMB Financial by 21.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 517,622 shares of the bank’s stock worth $43,180,000 after purchasing an additional 90,297 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Up 0.1 %

UMBF stock opened at $104.10 on Monday. The stock has a market capitalization of $5.07 billion, a P/E ratio of 13.82 and a beta of 0.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73. UMB Financial Co. has a one year low of $57.91 and a one year high of $109.42. The company has a 50 day moving average price of $100.04 and a two-hundred day moving average price of $88.93.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.15. The company had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. UMB Financial’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $1.93 EPS. As a group, sell-side analysts expect that UMB Financial Co. will post 8.98 EPS for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.50%. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UMBF. Barclays raised their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Piper Sandler raised their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and an average price target of $102.33.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 8,100 shares of UMB Financial stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $84.00, for a total value of $680,400.00. Following the transaction, the chief executive officer now owns 1,673,804 shares in the company, valued at approximately $140,599,536. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Kris A. Robbins sold 5,000 shares of UMB Financial stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the transaction, the director now owns 3,211 shares in the company, valued at approximately $329,127.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO J Mariner Kemper sold 8,100 shares of UMB Financial stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $84.00, for a total transaction of $680,400.00. Following the transaction, the chief executive officer now owns 1,673,804 shares in the company, valued at approximately $140,599,536. The disclosure for this sale can be found here. Insiders have sold a total of 26,396 shares of company stock worth $2,431,301 in the last quarter. 8.85% of the stock is owned by 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.