First National Bank of Omaha Acquires New Stake in UMB Financial Corporation $UMBF

First National Bank of Omaha bought a new position in UMB Financial Corporation (NASDAQ:UMBF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,414 shares of the bank’s stock, valued at approximately $1,053,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of UMB Financial by 28.2% in the 1st quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after purchasing an additional 9,417 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of UMB Financial by 47.0% in the first quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock valued at $570,000 after purchasing an additional 1,803 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of UMB Financial by 65.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock worth $21,017,000 after buying an additional 82,083 shares during the period. Jane Street Group LLC boosted its position in shares of UMB Financial by 161.7% during the first quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock worth $5,043,000 after buying an additional 30,820 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of UMB Financial by 6.8% during the second quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock worth $445,000 after buying an additional 269 shares in the last quarter. Institutional investors own 87.78% of the company’s stock.

UMB Financial Trading Down 0.5%

Shares of UMB Financial stock opened at $145.14 on Friday. The stock has a market cap of $11.02 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.71 and a beta of 0.77. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12-month low of $103.38 and a 12-month high of $153.32. The business’s 50 day moving average is $143.83 and its 200-day moving average is $130.39.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same period last year, the business earned $2.96 earnings per share. Equities research analysts predict that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.50 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. UMB Financial’s dividend payout ratio is 16.65%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UMBF shares. JPMorgan Chase & Co. assumed coverage on UMB Financial in a research note on Thursday. They issued an “overweight” rating and a $180.00 target price on the stock. TD Cowen reaffirmed a “buy” rating and set a $166.00 price target (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Zacks Research downgraded shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Hovde Group lifted their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Morgan Stanley boosted their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.00.

Insider Buying and Selling

In other news, insider Robert Brian Beaird sold 1,600 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $144.40, for a total value of $231,040.00. Following the sale, the insider directly owned 8,943 shares of the company’s stock, valued at approximately $1,291,369.20. This represents a 15.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total transaction of $297,200.00. Following the completion of the sale, the insider owned 11,981 shares of the company’s stock, valued at $1,780,376.60. This trade represents a 14.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 34,171 shares of company stock worth $4,919,826. Corporate insiders own 5.33% of the company’s stock.

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.