249,126 Shares in UMB Financial Corporation $UMBF Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 249,126 shares of the bank’s stock, valued at approximately $29,484,000.

Several other institutional investors have also recently added to or reduced their stakes in UMBF. Alliancebernstein L.P. increased its position in shares of UMB Financial by 636.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after purchasing an additional 1,286,543 shares during the last quarter. Norges Bank acquired a new position in UMB Financial in the second quarter worth about $93,829,000. State Street Corp increased its holdings in UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after buying an additional 313,414 shares during the last quarter. WCM Investment Management LLC acquired a new stake in UMB Financial during the third quarter valued at approximately $21,778,000. Finally, Global Alpha Capital Management Ltd. raised its stake in UMB Financial by 26.1% during the second quarter. Global Alpha Capital Management Ltd. now owns 644,644 shares of the bank’s stock valued at $67,791,000 after buying an additional 133,507 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at UMB Financial

In related news, Director Greg M. Graves acquired 220 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was bought at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the transaction, the director owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. The trade was a 0.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin Charles Gallagher sold 388 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the sale, the director directly owned 12,488 shares of the company’s stock, valued at approximately $1,614,698.40. This represents a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 34,469 shares of company stock valued at $4,218,998 over the last ninety days. Insiders own 5.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Morgan Stanley boosted their price objective on shares of UMB Financial from $154.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday. Raymond James Financial reissued a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a report on Thursday, January 29th. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Finally, Citigroup increased their price target on UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $141.18.

UMB Financial Trading Up 1.5%

Shares of UMBF stock opened at $117.65 on Tuesday. The stock has a 50-day simple moving average of $123.53 and a 200 day simple moving average of $118.36. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $136.11. The stock has a market capitalization of $8.94 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.83 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.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. During the same period in the previous year, the business earned $2.49 earnings per share. UMB Financial’s revenue for the quarter was up 66.0% compared to the same quarter last year. On average, sell-side analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s payout ratio is presently 18.84%.

About UMB Financial

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.