Gallagher Fiduciary Advisors LLC Buys Shares of 7,310 UMB Financial Corporation $UMBF

Gallagher Fiduciary Advisors LLC purchased a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) in the 2nd quarter, Holdings Channel reports. The fund purchased 7,310 shares of the bank’s stock, valued at approximately $1,044,000.

A number of other large investors have also modified their holdings of UMBF. Royal Bank of Canada lifted its position in UMB Financial by 28.2% in the 1st quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after purchasing an additional 9,417 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of UMB Financial by 47.0% in the first quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock valued at $570,000 after purchasing an additional 1,803 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of UMB Financial by 65.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock valued at $21,017,000 after purchasing an additional 82,083 shares during the period. Jane Street Group LLC raised its holdings in shares of UMB Financial by 161.7% during the first quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock valued at $5,043,000 after buying an additional 30,820 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of UMB Financial by 6.8% during the second quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock valued at $445,000 after buying an additional 269 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Price Performance

NASDAQ UMBF opened at $143.57 on Wednesday. UMB Financial Corporation has a 12 month low of $103.38 and a 12 month high of $153.32. The firm has a market capitalization of $10.90 billion, a PE ratio of 11.95, a P/E/G ratio of 0.71 and a beta of 0.77. The company’s 50 day simple moving average is $144.19 and its 200 day simple moving average is $130.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

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

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is presently 14.32%.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Charles Gallagher sold 360 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $145.13, for a total value of $52,246.80. Following the sale, the director directly owned 11,863 shares in the company, valued at approximately $1,721,677.19. The trade was a 2.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Phillip James Mason sold 800 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total transaction of $117,600.00. Following the completion of the sale, the insider directly owned 8,894 shares of the company’s stock, valued at $1,307,418. The trade was a 8.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 34,171 shares of company stock valued at $4,919,826. 5.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stephens began coverage on UMB Financial in a report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price objective for the company. TD Cowen reiterated a “buy” rating and set a $166.00 price target (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Zacks Research cut UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Citigroup reissued a “neutral” rating and set a $162.00 price target (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Finally, Barclays restated an “overweight” rating and set a $175.00 price objective (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and an average price target of $165.00.

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.