UMB Financial Corporation $UMBF Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its stake in shares of UMB Financial Corporation (NASDAQ:UMBF) by 86.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,288 shares of the bank’s stock after buying an additional 4,756 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in UMB Financial were worth $1,082,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UMBF. GAMMA Investing LLC grew its holdings in UMB Financial by 121.9% during the 1st quarter. GAMMA Investing LLC now owns 921 shares of the bank’s stock valued at $93,000 after buying an additional 506 shares during the last quarter. Fifth Third Bancorp grew its holdings in UMB Financial by 38.1% during the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank’s stock valued at $63,000 after buying an additional 172 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in UMB Financial during the 1st quarter valued at $1,955,000. State of Alaska Department of Revenue boosted its holdings in shares of UMB Financial by 57.2% during the first quarter. State of Alaska Department of Revenue now owns 7,966 shares of the bank’s stock worth $805,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of UMB Financial by 53.4% during the first quarter. Retirement Systems of Alabama now owns 82,833 shares of the bank’s stock worth $8,374,000 after purchasing an additional 28,838 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Trading Up 1.3%

Shares of UMBF opened at $108.85 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $8.26 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.11 and a beta of 0.73. The stock’s fifty day simple moving average is $118.90 and its 200 day simple moving average is $108.01. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.61. The business had revenue of $689.21 million for the quarter, compared to analyst estimates of $638.25 million. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The business’s quarterly revenue was up 76.7% on a year-over-year basis. During the same period last year, the company posted $2.16 EPS. On average, equities research analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.5%. UMB Financial’s dividend payout ratio (DPR) is 18.39%.

Insider Buying and Selling

In other UMB Financial news, insider Stacy H. King sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $118.88, for a total value of $178,320.00. Following the transaction, the insider directly owned 9,472 shares of the company’s stock, valued at $1,126,031.36. This trade represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shannon Andresen Johnson sold 1,367 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $120.58, for a total value of $164,832.86. Following the completion of the transaction, the insider directly owned 34,124 shares in the company, valued at $4,114,671.92. This trade represents a 3.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 678 shares of company stock valued at $75,948 and sold 20,845 shares valued at $2,440,666. 5.45% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UMBF has been the topic of several analyst reports. Truist Financial raised their price objective on UMB Financial from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Hovde Group initiated coverage on UMB Financial in a report on Monday, October 6th. They set an “outperform” rating on the stock. Morgan Stanley raised their price objective on UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c+)” rating on shares of UMB Financial in a report on Wednesday, October 8th. Finally, Barclays set a $155.00 price objective on UMB Financial and gave the stock an “overweight” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

UMB Financial Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.