Bayview Asset Management LLC Has $1.15 Million Holdings in UMB Financial Corporation $UMBF

Bayview Asset Management LLC increased its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 74.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,000 shares of the bank’s stock after purchasing an additional 4,259 shares during the period. UMB Financial comprises about 0.3% of Bayview Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Bayview Asset Management LLC’s holdings in UMB Financial were worth $1,150,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kestra Advisory Services LLC bought a new stake in UMB Financial in the 4th quarter valued at $69,000. Johnson Investment Counsel Inc. raised its stake in UMB Financial by 1,560.9% during the fourth quarter. Johnson Investment Counsel Inc. now owns 362,118 shares of the bank’s stock worth $41,658,000 after acquiring an additional 340,316 shares in the last quarter. UMB Bank n.a. lifted its holdings in UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after purchasing an additional 493,875 shares during the last quarter. Stifel Financial Corp raised its stake in shares of UMB Financial by 4.9% in the fourth quarter. Stifel Financial Corp now owns 19,606 shares of the bank’s stock valued at $2,256,000 after acquiring an additional 917 shares during the last quarter. Finally, PCM Encore LLC bought a new position in UMB Financial in the 4th quarter valued at $280,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UMBF shares. Royal Bank Of Canada raised their price objective on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. TD Cowen increased their price target on shares of UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Truist Financial set a $140.00 price objective on UMB Financial in a report on Friday, May 1st. Piper Sandler lifted their target price on UMB Financial from $152.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $145.55.

Insider Transactions at UMB Financial

In other UMB Financial news, President James D. Rine sold 8,246 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the sale, the president directly owned 61,446 shares in the company, valued at $8,147,125.14. This trade represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 381 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares in the company, valued at approximately $1,624,192.24. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.33% of the company’s stock.

UMB Financial Stock Up 2.2%

NASDAQ:UMBF opened at $135.37 on Friday. UMB Financial Corporation has a 1 year low of $98.16 and a 1 year high of $136.11. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.92 and a beta of 0.78. The stock has a 50-day moving average price of $126.33 and a two-hundred day moving average price of $121.61.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 EPS. As a group, equities analysts expect that UMB Financial Corporation will post 12.8 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial’s dividend payout ratio (DPR) is presently 15.26%.

UMB Financial Company 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.