13,968 Shares in UMB Financial Corporation (NASDAQ:UMBF) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in UMB Financial Corporation (NASDAQ:UMBF) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,968 shares of the bank’s stock, valued at approximately $1,412,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in UMB Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank’s stock worth $537,494,000 after purchasing an additional 48,507 shares during the period. Wellington Management Group LLP boosted its stake in UMB Financial by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock worth $228,122,000 after purchasing an additional 102,104 shares during the period. Northern Trust Corp boosted its stake in UMB Financial by 16.2% in the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank’s stock worth $71,900,000 after purchasing an additional 88,705 shares during the period. Captrust Financial Advisors lifted its position in UMB Financial by 17.5% in the 4th quarter. Captrust Financial Advisors now owns 461,031 shares of the bank’s stock worth $52,032,000 after buying an additional 68,634 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of UMB Financial by 18.7% during the 4th quarter. Nuveen Asset Management LLC now owns 427,586 shares of the bank’s stock valued at $48,257,000 after buying an additional 67,480 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Down 0.1%

UMB Financial stock opened at $106.02 on Friday. The company has a market capitalization of $8.05 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.24 and a beta of 0.75. The firm’s fifty day simple moving average is $101.59 and its 200-day simple moving average is $106.17. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a 1-year low of $81.01 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.37. The business had revenue of $563.84 million for the quarter, compared to the consensus estimate of $555.79 million. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. UMB Financial’s revenue for the quarter was up 41.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.47 EPS. Sell-side analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a yield of 1.51%. UMB Financial’s dividend payout ratio (DPR) is presently 20.13%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UMBF shares. Piper Sandler set a $135.00 target price on shares of UMB Financial and gave the company an “overweight” rating in a research note on Friday, June 13th. Royal Bank Of Canada decreased their target price on shares of UMB Financial from $128.00 to $115.00 and set a “sector perform” rating for the company in a research note on Thursday, May 1st. Truist Financial started coverage on shares of UMB Financial in a research note on Tuesday, May 13th. They set a “buy” rating and a $120.00 target price for the company. Morgan Stanley decreased their target price on shares of UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Finally, Barclays decreased their target price on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and an average target price of $122.88.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the transaction, the chief executive officer now owns 288,945 shares in the company, valued at $29,417,490.45. This trade represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.45% of the company’s stock.

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.