First National Bank of Omaha Makes New $2.16 Million Investment in UMB Financial Corporation $UMBF

First National Bank of Omaha purchased a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,232 shares of the bank’s stock, valued at approximately $2,158,000.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in UMB Financial by 7.9% during the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after purchasing an additional 313,414 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of UMB Financial by 6.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock worth $194,173,000 after buying an additional 119,319 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after buying an additional 1,286,543 shares during the last quarter. Norges Bank purchased a new stake in shares of UMB Financial during the 2nd quarter valued at approximately $93,829,000. Finally, Global Alpha Capital Management Ltd. lifted its holdings in UMB Financial by 26.1% in the second quarter. Global Alpha Capital Management Ltd. now owns 644,644 shares of the bank’s stock valued at $67,791,000 after acquiring an additional 133,507 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Activity

In other news, Director Kevin Charles Gallagher sold 388 shares of UMB Financial stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the completion of the transaction, the director owned 12,488 shares in the company, valued at approximately $1,614,698.40. This trade represents a 3.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Mariner Kemper sold 15,214 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $128.59, for a total value of $1,956,368.26. Following the transaction, the chief executive officer directly owned 1,506,200 shares of the company’s stock, valued at approximately $193,682,258. This represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 34,469 shares of company stock worth $4,218,998. Corporate insiders own 5.45% of the company’s stock.

UMB Financial Stock Up 0.1%

Shares of NASDAQ:UMBF opened at $127.86 on Thursday. The firm has a market capitalization of $9.71 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.92 and a beta of 0.79. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $136.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The firm’s 50-day moving average is $123.17 and its two-hundred day moving average is $117.79.

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

UMB Financial Announces Dividend

The business 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 dividend of $0.43 per share. 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 is currently 18.84%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James Financial reissued a “strong-buy” rating and set a $145.00 target price on shares of UMB Financial in a research note on Thursday, January 29th. Citigroup boosted their price objective on shares of UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Truist Financial set a $150.00 target price on shares of UMB Financial in a research note on Friday, January 30th. Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, TD Cowen restated a “buy” rating on shares of UMB Financial in a report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.00.

About UMB Financial

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.