Interval Partners LP Makes New Investment in UMB Financial Co. (NASDAQ:UMBF)

Interval Partners LP purchased a new position in UMB Financial Co. (NASDAQ:UMBF) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,394 shares of the bank’s stock, valued at approximately $3,286,000. Interval Partners LP owned approximately 0.08% of UMB Financial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC acquired a new position in shares of UMB Financial in the fourth quarter worth $283,000. Norges Bank acquired a new position in shares of UMB Financial during the 4th quarter valued at about $39,376,000. PNC Financial Services Group Inc. grew its position in UMB Financial by 20.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,366 shares of the bank’s stock worth $532,000 after purchasing an additional 1,080 shares during the last quarter. Assetmark Inc. bought a new position in shares of UMB Financial during the 4th quarter worth about $28,000. Finally, US Bancorp DE raised its position in shares of UMB Financial by 1.4% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the bank’s stock valued at $1,033,000 after buying an additional 169 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

UMB Financial Stock Up 0.0 %

NASDAQ:UMBF opened at $106.79 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day simple moving average of $99.36 and a 200 day simple moving average of $88.34. The company has a market cap of $5.21 billion, a PE ratio of 14.18 and a beta of 0.78. UMB Financial Co. has a 52-week low of $57.91 and a 52-week high of $109.42.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $1.93 EPS. On average, sell-side analysts expect that UMB Financial Co. will post 8.98 EPS for the current fiscal 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 paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, September 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 8,450 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $83.33, for a total value of $704,138.50. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other UMB Financial news, EVP John Pauls sold 1,623 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $92.97, for a total value of $150,890.31. Following the sale, the executive vice president now owns 7,332 shares in the company, valued at approximately $681,656.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO J Mariner Kemper sold 8,450 shares of the firm’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 transaction of $704,138.50. Following the transaction, the chief executive officer now owns 1,681,904 shares of the company’s stock, valued at approximately $140,153,060.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,846 shares of company stock valued at $3,135,439. 8.85% of the stock is currently owned by corporate 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.