Bayview Asset Management LLC Has $1.15 Million Stock Position in UMB Financial Corporation $UMBF

Bayview Asset Management LLC boosted its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 74.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,000 shares of the bank’s stock after acquiring an additional 4,259 shares during the period. UMB Financial comprises approximately 0.3% of Bayview Asset Management LLC’s holdings, making the stock its 13th largest position. Bayview Asset Management LLC’s holdings in UMB Financial were worth $1,150,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of UMB Financial by 2.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 182,721 shares of the bank’s stock worth $21,625,000 after buying an additional 4,589 shares during the last quarter. William Blair Investment Management LLC bought a new stake in UMB Financial during the 3rd quarter valued at $29,484,000. Dynamic Technology Lab Private Ltd grew its holdings in UMB Financial by 660.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,070 shares of the bank’s stock valued at $3,086,000 after buying an additional 22,640 shares in the last quarter. First National Bank of Omaha bought a new stake in UMB Financial during the 3rd quarter worth approximately $2,158,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of UMB Financial by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock worth $335,264,000 after purchasing an additional 94,451 shares during the period. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent research reports. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Truist Financial set a $140.00 price target on UMB Financial in a research report on Friday, May 1st. Piper Sandler lifted their price target on UMB Financial from $152.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. TD Cowen lifted their price objective on UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada increased their price target on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $145.55.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $135.37 on Friday. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.92 and a beta of 0.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $126.33 and its 200-day simple moving average is $121.61. UMB Financial Corporation has a 52 week low of $98.16 and a 52 week high of $136.11.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $739.16 million for the quarter, compared to the consensus estimate of $701.79 million. During the same quarter last year, the company earned $2.58 EPS. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. As a group, analysts expect that UMB Financial Corporation will post 12.8 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be paid a $0.43 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.72 annualized dividend and a yield of 1.3%. UMB Financial’s payout ratio is presently 15.26%.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 381 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares of the company’s stock, valued at approximately $1,624,192.24. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the sale, the president directly owned 61,446 shares in the company, valued at approximately $8,147,125.14. The trade was a 11.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.33% of the stock is owned by corporate insiders.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.