Cwm LLC Grows Position in UMB Financial Co. (NASDAQ:UMBF)

Cwm LLC lifted its stake in UMB Financial Co. (NASDAQ:UMBF) by 29.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,510 shares of the bank’s stock after buying an additional 569 shares during the quarter. Cwm LLC’s holdings in UMB Financial were worth $264,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new position in shares of UMB Financial in the second quarter worth $128,000. SG Americas Securities LLC lifted its position in UMB Financial by 69.5% during the third quarter. SG Americas Securities LLC now owns 2,478 shares of the bank’s stock valued at $260,000 after purchasing an additional 1,016 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of UMB Financial in the 1st quarter worth $252,000. O Shaughnessy Asset Management LLC raised its position in shares of UMB Financial by 30.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank’s stock valued at $300,000 after buying an additional 809 shares in the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of UMB Financial by 6.7% in the 2nd quarter. Profund Advisors LLC now owns 3,493 shares of the bank’s stock valued at $291,000 after acquiring an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UMBF. Citigroup initiated coverage on UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective on the stock. Barclays lifted their target price on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Piper Sandler lifted their target price on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their target price on UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.86.

UMB Financial Price Performance

UMBF opened at $106.81 on Wednesday. The business has a fifty day moving average of $103.63 and a 200 day moving average of $91.83. UMB Financial Co. has a 52-week low of $58.92 and a 52-week high of $113.30. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.12. The stock has a market cap of $5.21 billion, a P/E ratio of 13.78 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The company had revenue of $390.03 million during the quarter, compared to analysts’ expectations of $384.96 million. During the same quarter in the previous year, the business earned $1.93 EPS. UMB Financial’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that UMB Financial Co. will post 8.98 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, September 10th. UMB Financial’s payout ratio is currently 20.13%.

Insider Buying and Selling at UMB Financial

In other news, Director Tamara Peterman bought 396 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $99.56 per share, with a total value of $39,425.76. Following the transaction, the director now directly owns 7,407 shares in the company, valued at approximately $737,440.92. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other UMB Financial news, insider Robert Brian Beaird sold 698 shares of UMB Financial stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $93.19, for a total transaction of $65,046.62. Following the completion of the sale, the insider now directly owns 6,682 shares of the company’s stock, valued at $622,695.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tamara Peterman bought 396 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $99.56 per share, with a total value of $39,425.76. Following the completion of the transaction, the director now owns 7,407 shares in the company, valued at $737,440.92. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 42,596 shares of company stock valued at $4,224,884 in the last ninety days. Corporate insiders own 8.85% of the company’s stock.

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.