UMB Financial Co. (NASDAQ:UMBF) Shares Bought by Cwm LLC

Cwm LLC boosted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 29.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,510 shares of the bank’s stock after buying an additional 569 shares during the period. Cwm LLC’s holdings in UMB Financial were worth $264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in UMB Financial by 69.5% during the 3rd quarter. SG Americas Securities LLC now owns 2,478 shares of the bank’s stock valued at $260,000 after purchasing an additional 1,016 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in UMB Financial during the 2nd quarter valued at about $3,253,000. Truist Financial Corp grew its stake in UMB Financial by 3.3% during the 2nd quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock valued at $354,000 after purchasing an additional 136 shares during the last quarter. Systematic Financial Management LP purchased a new stake in UMB Financial during the 2nd quarter valued at about $4,963,000. Finally, Creative Planning grew its stake in UMB Financial by 6.6% during the 2nd quarter. Creative Planning now owns 39,657 shares of the bank’s stock valued at $3,308,000 after purchasing an additional 2,453 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UMBF. Barclays boosted their price target on UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price on the stock. Piper Sandler raised their target price on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company raised their target price on UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $105.86.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Tamara Peterman acquired 396 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $99.56 per share, with a total value of $39,425.76. Following the completion of the acquisition, the director now owns 7,407 shares in the company, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP John Pauls sold 1,623 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total value of $150,890.31. Following the transaction, the executive vice president now owns 7,332 shares in the company, valued at $681,656.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tamara Peterman bought 396 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the transaction, the director now owns 7,407 shares of the company’s stock, valued at approximately $737,440.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 42,596 shares of company stock valued at $4,224,884. Company insiders own 8.85% of the company’s stock.

UMB Financial Stock Up 0.2 %

Shares of UMBF opened at $106.81 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a 12 month low of $58.92 and a 12 month high of $113.30. The stock’s 50 day moving average is $103.63 and its two-hundred day moving average is $91.83. The firm has a market cap of $5.21 billion, a P/E ratio of 13.78 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, beating the consensus estimate of $2.01 by $0.15. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The company had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. During the same period last year, the company earned $1.93 earnings per share. UMB Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts predict that UMB Financial Co. will post 8.98 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, September 10th. UMB Financial’s payout ratio is currently 20.13%.

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.