KERR FINANCIAL PLANNING Corp Increases Stake in UMB Financial Corporation $UMBF

KERR FINANCIAL PLANNING Corp grew its position in UMB Financial Corporation (NASDAQ:UMBF) by 2,473.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,224 shares of the bank’s stock after buying an additional 5,021 shares during the period. UMB Financial makes up about 0.7% of KERR FINANCIAL PLANNING Corp’s investment portfolio, making the stock its 28th largest holding. KERR FINANCIAL PLANNING Corp’s holdings in UMB Financial were worth $589,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UMBF. UMB Bank n.a. increased its position in shares of UMB Financial by 11.4% during the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after acquiring an additional 493,875 shares in the last quarter. State Street Corp lifted its position in UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after acquiring an additional 313,414 shares in the last quarter. Wellington Management Group LLP lifted its position in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after acquiring an additional 751,525 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in UMB Financial by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,854,927 shares of the bank’s stock valued at $328,439,000 after purchasing an additional 22,100 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in UMB Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after purchasing an additional 33,078 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

UMBF has been the subject of several recent analyst reports. Piper Sandler boosted their price target on UMB Financial from $155.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Royal Bank Of Canada increased their price objective on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Zacks Research downgraded UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Truist Financial set a $140.00 target price on UMB Financial in a research report on Friday, May 1st. Finally, Citigroup upped their target price on shares of UMB Financial from $138.00 to $144.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. One research analyst has 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 has a consensus rating of “Moderate Buy” and a consensus target price of $148.91.

Insider Activity

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

UMB Financial Stock Up 1.1%

Shares of UMBF stock opened at $146.01 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 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 $146.90. The stock has a market cap of $11.09 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.98 and a beta of 0.77. The company has a 50 day simple moving average of $133.12 and a two-hundred day simple moving average of $124.69.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million during the quarter, compared to the consensus estimate of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.58 EPS. On average, research analysts expect that UMB Financial Corporation will post 12.83 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 10th. UMB Financial’s payout ratio is currently 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.