Vaughan Nelson Investment Management L.P. Buys New Position in UMB Financial Corporation $UMBF

Vaughan Nelson Investment Management L.P. purchased a new stake in UMB Financial Corporation (NASDAQ:UMBF) in the first quarter, HoldingsChannel.com reports. The firm purchased 294,880 shares of the bank’s stock, valued at approximately $33,260,000.

Several other institutional investors have also added to or reduced their stakes in the business. Kemnay Advisory Services Inc. purchased a new stake in shares of UMB Financial during the fourth quarter worth about $27,000. Hilton Head Capital Partners LLC purchased a new position in shares of UMB Financial in the 4th quarter valued at approximately $34,000. Torren Management LLC acquired a new stake in UMB Financial in the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC boosted its stake in UMB Financial by 193.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after purchasing an additional 267 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in UMB Financial by 419.2% during the 4th quarter. Global Retirement Partners LLC now owns 405 shares of the bank’s stock worth $47,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Buying and Selling at UMB Financial

In other news, President James D. Rine sold 8,246 shares of the business’s stock in a transaction dated 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 transaction, the president owned 61,446 shares of the company’s stock, valued at $8,147,125.14. The trade was a 11.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kevin Charles Gallagher sold 381 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the sale, the director owned 12,223 shares in the company, valued at $1,624,192.24. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UMBF shares. Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Morgan Stanley dropped their price objective on shares of UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. TD Cowen upped their target price on UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Piper Sandler raised their target price on UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Hovde Group lifted their price target on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, UMB Financial currently has an average rating of “Buy” and a consensus price target of $145.55.

UMB Financial Stock Performance

UMBF opened at $136.94 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12-month low of $99.10 and a 12-month high of $137.56. The firm has a 50 day moving average of $128.38 and a two-hundred day moving average of $122.64. The firm has a market capitalization of $10.40 billion, a PE ratio of 12.15, a P/E/G ratio of 0.90 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, beating the consensus estimate of $2.82 by $0.59. The business had revenue of $739.16 million for the quarter, compared to the consensus estimate of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 EPS. On average, analysts anticipate that UMB Financial Corporation will post 12.8 EPS for the current year.

UMB Financial Announces Dividend

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

UMB Financial Company 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.