UMB Financial Corporation $UMBF Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its position in UMB Financial Corporation (NASDAQ:UMBF) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,464 shares of the bank’s stock after selling 6,621 shares during the quarter. WCM Investment Management LLC owned approximately 0.23% of UMB Financial worth $19,627,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. MBM Wealth Consultants LLC purchased a new stake in shares of UMB Financial during the 1st quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of UMB Financial in the 4th quarter worth $27,000. Hilton Head Capital Partners LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at about $34,000. Torren Management LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC increased its position in UMB Financial by 193.5% during 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 during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President James D. Rine sold 8,246 shares of the stock in a transaction on Tuesday, June 9th. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on UMBF shares. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Morgan Stanley upped their price target on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Truist Financial raised their price objective on shares of UMB Financial from $140.00 to $161.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Royal Bank Of Canada raised their target price on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Stephens initiated coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.17.

UMB Financial Price Performance

Shares of NASDAQ UMBF opened at $145.99 on Monday. The firm has a market capitalization of $11.09 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.81 and a beta of 0.77. UMB Financial Corporation has a 1 year low of $103.38 and a 1 year high of $148.31. The firm’s 50-day moving average is $135.70 and its 200-day moving average is $126.13. 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 (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business had revenue of $739.16 million during the quarter, compared to the consensus estimate of $701.79 million. During the same quarter last year, the firm posted $2.58 EPS. The company’s quarterly revenue was up 31.1% on a year-over-year basis. Equities analysts expect that UMB Financial Corporation will post 12.85 EPS for the current year.

UMB Financial Announces Dividend

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