UMB Financial Corporation $UMBF Shares Acquired by Paragon Capital Management LLC

Paragon Capital Management LLC increased its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 17.6% during the second quarter, Holdings Channel reports. The institutional investor owned 15,603 shares of the bank’s stock after buying an additional 2,340 shares during the quarter. UMB Financial comprises about 0.8% of Paragon Capital Management LLC’s portfolio, making the stock its 25th largest holding. Paragon Capital Management LLC’s holdings in UMB Financial were worth $1,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its holdings in shares of 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 purchasing an additional 242 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in UMB Financial in the first quarter valued at $27,000. McIlrath & Eck LLC acquired a new stake in UMB Financial in the first quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in UMB Financial during the 1st quarter worth about $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of UMB Financial by 143.0% during the 1st 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.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UMBF. Hovde Group started coverage on UMB Financial in a research report on Monday, October 6th. They set an “outperform” rating on the stock. Wells Fargo & Company raised their price objective on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Truist Financial boosted their price objective on shares of UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Barclays set a $155.00 target price on shares of UMB Financial and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on shares of UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. One equities research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $108.40 on Friday. The firm’s fifty day simple moving average is $115.13 and its 200-day simple moving average is $110.47. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 12.28, a PEG 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.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. The firm had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. UMB Financial’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.25 EPS. As a group, equities analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current 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 given a $0.43 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, December 10th. This represents a $1.72 annualized dividend and a yield of 1.6%. UMB Financial’s payout ratio is presently 19.48%.

Insider Activity

In other UMB Financial news, insider Shannon Andresen Johnson sold 1,367 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $120.58, for a total transaction of $164,832.86. Following the completion of the sale, the insider directly owned 34,124 shares of the company’s stock, valued at approximately $4,114,671.92. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greg M. Graves bought 264 shares of the stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $106.41 per share, for a total transaction of $28,092.24. Following the completion of the purchase, the director directly owned 38,411 shares in the company, valued at approximately $4,087,314.51. The trade was a 0.69% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 683 shares of company stock worth $75,961 and sold 5,877 shares worth $683,734. 5.45% of the stock is currently 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.