William Blair Investment Management LLC Makes New $15.10 Million Investment in UMB Financial Corporation $UMBF

William Blair Investment Management LLC bought a new stake in UMB Financial Corporation (NASDAQ:UMBF) during the 2nd quarter, HoldingsChannel reports. The fund bought 105,762 shares of the bank’s stock, valued at approximately $15,099,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. MBM Wealth Consultants LLC bought a new stake in shares of UMB Financial during the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new position in UMB Financial in the fourth quarter valued at approximately $27,000. Axiom Investment Management LLC bought a new position in UMB Financial in the first quarter valued at approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in UMB Financial during the fourth quarter valued at approximately $34,000. Finally, Torren Management LLC acquired a new position in UMB Financial during the fourth quarter valued at approximately $37,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at UMB Financial

In related news, President James D. Rine sold 8,246 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was 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 trade represents a 11.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Mariner Kemper sold 15,062 shares of UMB Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total value of $2,237,460.10. Following the transaction, the chief executive officer directly owned 1,491,138 shares in the company, valued at $221,508,549.90. The trade was a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 34,171 shares of company stock worth $4,919,826 over the last 90 days. Company insiders own 5.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on UMBF. Morgan Stanley raised their target price on UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Stephens assumed coverage on UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target for the company. TD Cowen restated a “buy” rating and set a $166.00 price objective (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Truist Financial set a $170.00 target price on UMB Financial and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, Citigroup reissued a “neutral” rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.00.

UMB Financial Trading Down 0.5%

UMBF opened at $145.14 on Friday. 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 Corporation has a fifty-two week low of $103.38 and a fifty-two week high of $153.32. The company’s 50 day moving average price is $143.83 and its two-hundred day moving average price is $130.39. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.71 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 21.64% and a return on equity of 13.41%. During the same quarter last year, the firm earned $2.96 earnings per share. As a group, research analysts predict that UMB Financial Corporation will post 13.48 earnings per share for the current year.

UMB Financial Increases Dividend

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

UMB Financial Company 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.