EP Wealth Advisors LLC Takes $234,000 Position in UMB Financial Co. (NASDAQ:UMBF)

EP Wealth Advisors LLC acquired a new position in UMB Financial Co. (NASDAQ:UMBF) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,231 shares of the bank’s stock, valued at approximately $234,000.

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in shares of UMB Financial by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock worth $163,066,000 after purchasing an additional 49,690 shares during the period. American Century Companies Inc. raised its position 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 acquiring an additional 111,090 shares during the period. Dimensional Fund Advisors LP boosted its stake in UMB Financial by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after acquiring an additional 100,000 shares during the last quarter. FMR LLC increased its stake in shares of UMB Financial by 2.7% during the 3rd quarter. FMR LLC now owns 949,687 shares of the bank’s stock worth $99,822,000 after purchasing an additional 24,799 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after purchasing an additional 694,751 shares during the period. Institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UMBF. Wells Fargo & Company increased their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley initiated coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price objective for the company. Barclays upped their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Royal Bank of Canada began coverage on shares of UMB Financial in a research note on Friday, November 22nd. They issued a “sector perform” rating and a $130.00 target price for the company. Finally, Citigroup started coverage on shares of UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.00.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $122.18 on Friday. The company has a 50 day moving average of $116.95 and a 200 day moving average of $101.70. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.96 billion, a P/E ratio of 15.27 and a beta of 0.80. UMB Financial Co. has a 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. The firm had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same period in the previous year, the business earned $2.02 EPS. As a group, sell-side analysts forecast that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a $0.40 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date is Tuesday, December 10th. UMB Financial’s dividend payout ratio is currently 20.00%.

Insider Buying and Selling at UMB Financial

In related news, Director Greg M. Graves bought 258 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average cost of $109.29 per share, for a total transaction of $28,196.82. Following the completion of the transaction, the director now owns 36,244 shares of the company’s stock, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 74,603 shares of company stock valued at $8,353,950 in the last 90 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.