KERR FINANCIAL PLANNING Corp Grows Stock Holdings in UMB Financial Corporation $UMBF

KERR FINANCIAL PLANNING Corp boosted its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 2,473.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 5,224 shares of the bank’s stock after purchasing an additional 5,021 shares during the quarter. UMB Financial makes up 0.7% of KERR FINANCIAL PLANNING Corp’s portfolio, making the stock its 28th largest position. KERR FINANCIAL PLANNING Corp’s holdings in UMB Financial were worth $589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of UMBF. UMB Bank n.a. lifted its position in shares of UMB Financial by 11.4% in the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after acquiring an additional 493,875 shares in the last quarter. State Street Corp boosted its stake in shares of UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after acquiring an additional 313,414 shares during the period. Wellington Management Group LLP grew its position in shares of UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of UMB Financial by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,854,927 shares of the bank’s stock worth $328,439,000 after purchasing an additional 22,100 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in UMB Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after purchasing an additional 33,078 shares during the period. 87.78% of the stock is owned by institutional investors.

Insider Activity at UMB Financial

In other 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 value of $50,627.28. Following the sale, the director directly owned 12,223 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, President James D. Rine sold 8,246 shares of the firm’s 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 sale, the president directly owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This represents a 11.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of research analyst reports. TD Cowen boosted their price target on UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Truist Financial set a $140.00 price objective on shares of UMB Financial in a research report on Friday, May 1st. Piper Sandler boosted their target price on shares of UMB Financial from $155.00 to $161.00 and gave the stock an “overweight” rating in a report on Friday, June 26th. Finally, Hovde Group upped their target price on shares of UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and a consensus target price of $148.91.

UMB Financial Trading Up 1.1%

UMBF stock opened at $146.01 on Wednesday. UMB Financial Corporation has a twelve month low of $103.38 and a twelve month high of $146.90. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.77. 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 firm’s fifty day simple moving average is $133.12 and its two-hundred day simple moving average is $124.69.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 EPS. As a group, analysts anticipate that UMB Financial Corporation will post 12.83 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th were paid a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 annualized dividend and a yield of 1.2%. UMB Financial’s dividend payout ratio (DPR) is presently 15.26%.

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.