144,257 Shares in UMB Financial Corporation $UMBF Bought by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. acquired a new stake in UMB Financial Corporation (NASDAQ:UMBF) during the second quarter, according to its most recent filing with the SEC. The firm acquired 144,257 shares of the bank’s stock, valued at approximately $20,594,000. Basswood Capital Management L.L.C. owned about 0.19% of UMB Financial at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UMBF. Mercer Global Advisors Inc. ADV raised its position in UMB Financial by 4.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after buying an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of UMB Financial by 3.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock valued at $335,000 after acquiring an additional 108 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of UMB Financial by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after acquiring an additional 112 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of UMB Financial by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after acquiring an additional 125 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of UMB Financial by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock worth $450,000 after acquiring an additional 129 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In related news, insider Phillip James Mason sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total value of $117,600.00. Following the completion of the transaction, the insider directly owned 8,894 shares of the company’s stock, valued at $1,307,418. This trade represents a 8.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nikki Farentino Newton sold 2,000 shares of UMB Financial stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total value of $297,200.00. Following the transaction, the insider directly owned 11,981 shares of the company’s stock, valued at approximately $1,780,376.60. This represents a 14.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 34,171 shares of company stock worth $4,919,826. Corporate insiders own 5.33% of the company’s stock.

Analyst Ratings Changes

UMBF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of UMB Financial in a research report on Thursday, August 20th. They issued an “overweight” rating and a $180.00 price objective for the company. TD Cowen reiterated a “buy” rating and set a $166.00 target price (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Stephens began coverage on UMB Financial in a research note on Tuesday, July 14th. They set an “overweight” rating and a $167.00 target price for the company. Citigroup reissued a “neutral” rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods raised their price target on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.00.

UMB Financial Stock Performance

Shares of UMBF opened at $143.34 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 52-week low of $103.38 and a 52-week high of $153.32. The company has a 50-day simple moving average of $144.40 and a 200-day simple moving average of $130.68. The company has a market capitalization of $10.89 billion, a PE ratio of 11.94, a P/E/G ratio of 0.70 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The firm had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the previous year, the firm earned $2.96 earnings per share. Equities research analysts predict that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is 14.32%.

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.