Dimensional Fund Advisors LP Purchases 55,005 Shares of UMB Financial Corporation $UMBF

Dimensional Fund Advisors LP grew its position in UMB Financial Corporation (NASDAQ:UMBF) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,909,932 shares of the bank’s stock after acquiring an additional 55,005 shares during the period. Dimensional Fund Advisors LP’s holdings in UMB Financial were worth $328,200,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. MBM Wealth Consultants LLC bought a new stake in shares of UMB Financial in the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. bought a new position in UMB Financial during the fourth quarter worth about $27,000. Hilton Head Capital Partners LLC bought a new position in UMB Financial during the fourth quarter worth about $34,000. Torren Management LLC bought a new position in UMB Financial during the fourth quarter worth about $37,000. Finally, EverSource Wealth Advisors LLC increased its position in UMB Financial by 193.5% during the second quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after buying an additional 267 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UMBF has been the topic of several research analyst reports. Piper Sandler upped their price objective on UMB Financial from $155.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, June 26th. Citigroup lifted their target price on UMB Financial from $138.00 to $144.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Truist Financial boosted their target price on UMB Financial from $140.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Hovde Group increased their price target on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley raised their price target on UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.17.

Insider Buying and Selling

In related news, President James D. Rine sold 8,246 shares of the business’s stock in a transaction 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 $8,147,125.14. The trade was a 11.83% decrease in their position. The transaction was disclosed in a document filed 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 on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. 5.33% of the stock is currently owned by company insiders.

UMB Financial Stock Down 0.5%

Shares of UMBF opened at $143.81 on Wednesday. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $148.31. The firm has a market cap of $10.93 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.80 and a beta of 0.77. The firm’s 50-day simple moving average is $136.28 and its 200 day simple moving average is $126.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.59. The firm had revenue of $739.16 million during 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% compared to the same quarter last year. During the same period last year, the business posted $2.58 earnings per share. On average, analysts forecast that UMB Financial Corporation will post 12.85 earnings per share for the current year.

UMB Financial Announces Dividend

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