Dimensional Fund Advisors LP Acquires 100,000 Shares of UMB Financial Co. (NASDAQ:UMBF)

Dimensional Fund Advisors LP lifted its holdings in UMB Financial Co. (NASDAQ:UMBF) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,689,895 shares of the bank’s stock after acquiring an additional 100,000 shares during the period. Dimensional Fund Advisors LP owned 3.47% of UMB Financial worth $140,968,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UMBF. Norges Bank bought a new position in shares of UMB Financial in the 4th quarter valued at about $39,376,000. Vanguard Group Inc. lifted its stake in UMB Financial by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after purchasing an additional 394,578 shares during the last quarter. American Century Companies Inc. lifted its stake in UMB Financial by 6.8% in the second quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock worth $146,196,000 after purchasing an additional 111,090 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in UMB Financial by 21.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 517,622 shares of the bank’s stock worth $43,180,000 after purchasing an additional 90,297 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new stake in UMB Financial in the second quarter worth about $7,308,000. Institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on UMBF shares. Wells Fargo & Company raised their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Barclays raised their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Keefe, Bruyette & Woods raised shares of UMB Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $93.00 to $98.00 in a research note on Friday, May 31st. Finally, Piper Sandler raised their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.33.

Insider Activity at UMB Financial

In related news, CEO J Mariner Kemper sold 8,100 shares of UMB Financial stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $84.00, for a total transaction of $680,400.00. Following the transaction, the chief executive officer now directly owns 1,673,804 shares of the company’s stock, valued at $140,599,536. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Tamara Peterman bought 396 shares of the stock in a transaction on Thursday, August 1st. The stock was bought at an average cost of $99.56 per share, for a total transaction of $39,425.76. Following the completion of the purchase, the director now directly owns 7,407 shares in the company, valued at $737,440.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO J Mariner Kemper sold 8,100 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $84.00, for a total transaction of $680,400.00. Following the completion of the sale, the chief executive officer now owns 1,673,804 shares of the company’s stock, valued at $140,599,536. The disclosure for this sale can be found here. Insiders have sold a total of 34,846 shares of company stock valued at $3,135,439 over the last ninety days. 8.85% of the stock is owned by company insiders.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF opened at $106.75 on Friday. The firm has a market cap of $5.20 billion, a PE ratio of 14.18 and a beta of 0.78. The firm’s 50 day simple moving average is $99.08 and its 200-day simple moving average is $88.15. UMB Financial Co. has a one year low of $57.91 and a one year high of $109.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. The business had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.93 earnings per share. As a group, equities analysts predict 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 will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, September 10th. UMB Financial’s payout ratio is 20.72%.

UMB Financial Company 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.