8,310 Shares in UMB Financial Co. (NASDAQ:UMBF) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,310 shares of the bank’s stock, valued at approximately $693,000.

A number of other large investors have also bought and sold shares of UMBF. Assetmark Inc. bought a new position in shares of UMB Financial during the 4th quarter worth $28,000. 1620 Investment Advisors Inc. bought a new position in UMB Financial during the second quarter worth about $128,000. CWM LLC increased its stake in shares of UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after purchasing an additional 129 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of UMB Financial in the first quarter valued at approximately $252,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of UMB Financial during the 4th quarter valued at approximately $283,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Trading Down 1.9 %

NASDAQ UMBF opened at $106.75 on Friday. 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’s 50-day simple moving average is $99.08 and its two-hundred day simple moving average is $88.15. UMB Financial Co. has a twelve month low of $57.91 and a twelve month high of $109.42. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 14.18 and a beta of 0.78.

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

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, September 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

Wall Street Analyst Weigh In

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

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 8,450 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $83.33, for a total value of $704,138.50. Following the completion of the sale, the chief executive officer now owns 1,681,904 shares in the company, valued at $140,153,060.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO J Mariner Kemper sold 8,450 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $83.33, for a total transaction of $704,138.50. Following the completion of the transaction, the chief executive officer now directly owns 1,681,904 shares of the company’s stock, valued at $140,153,060.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tamara Peterman purchased 396 shares of UMB Financial stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the acquisition, the director now owns 7,407 shares in the company, valued at $737,440.92. The disclosure for this purchase can be found here. Insiders sold 34,846 shares of company stock worth $3,135,439 in the last ninety days. 8.85% of the stock is owned by company insiders.

About UMB Financial

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.