UMB Financial Corporation $UMBF Shares Acquired by Inspire Investing LLC

Inspire Investing LLC lifted its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,698 shares of the bank’s stock after acquiring an additional 297 shares during the quarter. Inspire Investing LLC’s holdings in UMB Financial were worth $389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UMBF. Brooklyn Investment Group grew its position in UMB Financial by 4,840.0% during the first quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock worth $25,000 after buying an additional 242 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of UMB Financial in the first quarter valued at about $27,000. McIlrath & Eck LLC purchased a new position in shares of UMB Financial during the first quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in UMB Financial during the first quarter worth approximately $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 purchasing an additional 213 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Stock Performance

Shares of UMBF opened at $116.25 on Thursday. The company’s 50 day moving average price is $118.95 and its 200 day moving average price is $107.86. The company has a market capitalization of $8.83 billion, a PE ratio of 13.36, a PEG ratio of 1.21 and a beta of 0.73. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.61. The company had revenue of $689.21 million during the quarter, compared to analyst estimates of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company’s revenue for the quarter was up 76.7% on a year-over-year basis. During the same quarter last year, the business posted $2.16 EPS. Research analysts expect that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

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

Insider Transactions at UMB Financial

In other UMB Financial news, Director Greg M. Graves bought 234 shares of UMB Financial stock in a transaction on Tuesday, September 2nd. The stock was purchased at an average cost of $120.44 per share, for a total transaction of $28,182.96. Following the completion of the purchase, the director directly owned 38,034 shares of the company’s stock, valued at $4,580,814.96. The trade was a 0.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Phillip James Mason sold 750 shares of UMB Financial stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $120.97, for a total transaction of $90,727.50. Following the completion of the sale, the insider owned 8,815 shares of the company’s stock, valued at $1,066,350.55. This trade represents a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 678 shares of company stock valued at $75,948 and sold 20,845 shares valued at $2,440,666. 5.45% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on UMBF. Cowen started coverage on shares of UMB Financial in a research report on Wednesday, September 24th. They issued a “buy” rating for the company. Truist Financial lifted their price objective on shares of 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 started coverage on shares of UMB Financial in a research note on Monday, October 6th. They set an “outperform” rating on the stock. Royal Bank Of Canada lifted their price objective on shares of UMB Financial from $122.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Finally, Barclays set a $155.00 price objective on shares of UMB Financial and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.00.

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.