Integrated Advisors Network LLC Reduces Position in UMB Financial Corporation $UMBF

Integrated Advisors Network LLC decreased its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 90.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,408 shares of the bank’s stock after selling 22,736 shares during the period. Integrated Advisors Network LLC’s holdings in UMB Financial were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UMBF. Alliancebernstein L.P. lifted its stake in UMB Financial by 636.7% in the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after buying an additional 1,286,543 shares during the last quarter. Wellington Management Group LLP grew its position in shares of UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after acquiring an additional 751,525 shares during the last quarter. Norges Bank purchased a new position in shares of UMB Financial during the fourth quarter worth approximately $85,885,000. UMB Bank n.a. increased its holdings in shares of UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after acquiring an additional 493,875 shares during the period. Finally, Balyasny Asset Management L.P. increased its holdings in shares of UMB Financial by 1,148.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock valued at $48,554,000 after acquiring an additional 388,253 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

Shares of UMB Financial stock traded up $0.88 during trading hours on Friday, hitting $144.59. 397,746 shares of the company were exchanged, compared to its average volume of 743,756. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $134.25 and a 200-day moving average of $125.15. UMB Financial Corporation has a 1 year low of $103.38 and a 1 year high of $146.90. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 0.79 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. UMB Financial’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the firm posted $2.58 EPS. As a group, analysts expect that UMB Financial Corporation will post 12.85 EPS for the current fiscal 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 issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.2%. UMB Financial’s payout ratio is presently 15.26%.

Insider Transactions at UMB Financial

In related news, President James D. Rine sold 8,246 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the transaction, the president directly owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the sale, the director owned 12,223 shares of the company’s stock, valued at approximately $1,624,192.24. The trade was a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.33% of the company’s stock.

Wall Street Analyst Weigh In

UMBF has been the subject of several research reports. TD Cowen upped their price target on shares of 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 price objective on shares of UMB Financial from $155.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, June 26th. Morgan Stanley lifted their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Weiss Ratings raised shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, April 27th. Finally, Zacks Research downgraded shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.82.

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.