Ellenbecker Investment Group Purchases Shares of 1,874 UMB Financial Co. (NASDAQ:UMBF)

Ellenbecker Investment Group acquired a new position in shares of UMB Financial Co. (NASDAQ:UMBF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,874 shares of the bank’s stock, valued at approximately $212,000.

A number of other large investors have also made changes to their positions in the stock. Covestor Ltd grew its position in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares in the last quarter. Truist Financial Corp lifted its position in shares of UMB Financial by 3.3% in the 2nd quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock worth $354,000 after acquiring an additional 136 shares during the period. Commerce Bank grew its holdings in shares of UMB Financial by 0.3% during the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock worth $4,384,000 after purchasing an additional 142 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of UMB Financial by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock valued at $4,496,000 after purchasing an additional 200 shares during the period. Finally, Profund Advisors LLC raised its stake in shares of UMB Financial by 6.7% in the second quarter. Profund Advisors LLC now owns 3,493 shares of the bank’s stock valued at $291,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Stock Up 2.9 %

Shares of UMBF opened at $112.92 on Tuesday. The company has a market capitalization of $5.51 billion, a P/E ratio of 14.12 and a beta of 0.82. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The business’s 50 day simple moving average is $119.54 and its 200-day simple moving average is $106.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same quarter in the previous year, the firm earned $2.02 earnings per share. As a group, sell-side analysts predict that UMB Financial Co. will post 9.21 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.42%. UMB Financial’s payout ratio is currently 20.00%.

Insider Transactions at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the transaction, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at approximately $171,581,813.32. This represents a 1.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the transaction, the insider now owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,303 shares of company stock worth $5,879,967. Corporate insiders own 8.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UMBF shares. Morgan Stanley assumed coverage on shares of UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Citigroup assumed coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 target price on the stock. Royal Bank of Canada assumed coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price target for the company. Barclays upped their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.00.

UMB Financial Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.