Whalen Wealth Management Inc. Acquires Shares of 3,512 UMB Financial Corporation $UMBF

Whalen Wealth Management Inc. acquired a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 3,512 shares of the bank’s stock, valued at approximately $501,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MBM Wealth Consultants LLC acquired a new stake in UMB Financial in the first quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of UMB Financial in the 4th quarter valued at approximately $27,000. Axiom Investment Management LLC purchased a new stake in shares of UMB Financial in the first quarter valued at approximately $28,000. Hilton Head Capital Partners LLC acquired a new position in UMB Financial during the fourth quarter worth $34,000. Finally, Torren Management LLC purchased a new position in UMB Financial in the fourth quarter worth $37,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Trading Down 0.8%

Shares of UMBF stock opened at $143.96 on Tuesday. The firm has a market cap of $10.93 billion, a P/E ratio of 11.99, a PEG ratio of 0.71 and a beta of 0.77. UMB Financial Corporation has a 1-year low of $103.38 and a 1-year high of $153.32. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The firm’s 50-day simple moving average is $144.02 and its 200-day simple moving average is $130.52.

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

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio is presently 16.65%.

Insider Activity at UMB Financial

In related news, Director Susan G. Murphy sold 1,377 shares of UMB Financial stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the transaction, the director owned 10,635 shares in the company, valued at approximately $1,547,924.25. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Charles Gallagher sold 360 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $145.13, for a total value of $52,246.80. Following the sale, the director directly owned 11,863 shares of the company’s stock, valued at approximately $1,721,677.19. This trade represents a 2.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 34,171 shares of company stock worth $4,919,826. 5.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley upped their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of UMB Financial in a report on Friday, July 24th. Hovde Group raised their price objective on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their price objective on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. started coverage on UMB Financial in a research report on Thursday, August 20th. They set an “overweight” rating and a $180.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.00.

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.