WCM Investment Management LLC Invests $21.78 Million in UMB Financial Corporation $UMBF

WCM Investment Management LLC bought a new stake in shares of UMB Financial Corporation (NASDAQ:UMBF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 183,800 shares of the bank’s stock, valued at approximately $21,778,000. WCM Investment Management LLC owned about 0.24% of UMB Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after purchasing an additional 267 shares during the period. Covestor Ltd grew its holdings in UMB Financial by 46.2% during the 3rd quarter. Covestor Ltd now owns 798 shares of the bank’s stock valued at $94,000 after purchasing an additional 252 shares during the last quarter. 1620 Investment Advisors Inc. raised its position in UMB Financial by 8,790.9% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 978 shares of the bank’s stock worth $116,000 after purchasing an additional 967 shares during the period. Finally, Hilltop National Bank bought a new stake in UMB Financial in the second quarter worth about $105,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Stock Up 0.7%

NASDAQ:UMBF opened at $128.05 on Tuesday. The company’s 50-day simple moving average is $119.10 and its 200-day simple moving average is $116.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $129.98. The stock has a market capitalization of $9.73 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.00 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, topping the consensus estimate of $2.71 by $0.37. The firm had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. UMB Financial’s revenue was up 66.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.49 EPS. On average, equities analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is presently 18.84%.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 15,367 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the transaction, the chief executive officer directly owned 1,521,414 shares of the company’s stock, valued at $174,323,616.12. This represents a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Kevin Charles Gallagher sold 460 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $110.71, for a total value of $50,926.60. Following the completion of the sale, the director owned 12,090 shares of the company’s stock, valued at approximately $1,338,483.90. This trade represents a 3.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of analyst reports. Citigroup upped their target price on UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays restated an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a report on Thursday. Royal Bank Of Canada set a $134.00 target price on UMB Financial and gave the stock an “outperform” rating in a research note on Monday, January 12th. Weiss Ratings downgraded UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Truist Financial set a $150.00 target price on shares of UMB Financial in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.00.

UMB Financial Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.