First National Bank of Omaha Purchases Shares of 18,232 UMB Financial Corporation $UMBF

First National Bank of Omaha purchased a new position in UMB Financial Corporation (NASDAQ:UMBF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,232 shares of the bank’s stock, valued at approximately $2,158,000.

A number of other large investors have also recently made changes to their positions in UMBF. State Street Corp raised its holdings in shares of UMB Financial by 7.9% during the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after purchasing an additional 313,414 shares during the last quarter. Geode Capital Management LLC grew its position in UMB Financial by 6.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock worth $194,173,000 after purchasing an additional 119,319 shares during the period. Alliancebernstein L.P. raised its stake in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after buying an additional 1,286,543 shares during the last quarter. Norges Bank acquired a new position in shares of UMB Financial in the 2nd quarter valued at about $93,829,000. Finally, Global Alpha Capital Management Ltd. boosted its stake in shares of UMB Financial by 26.1% in the second quarter. Global Alpha Capital Management Ltd. now owns 644,644 shares of the bank’s stock worth $67,791,000 after buying an additional 133,507 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Weiss Ratings cut UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Royal Bank Of Canada set a $134.00 price target on UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. Finally, Barclays reiterated an “overweight” rating and set a $160.00 price target on shares of UMB Financial in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.00.

UMB Financial Stock Up 0.1%

UMBF opened at $127.86 on Thursday. The company has a market cap of $9.71 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.92 and a beta of 0.79. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $136.11. The company has a 50-day moving average price of $123.17 and a 200 day moving average price of $117.79. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. The company had revenue of $469.80 million for the quarter, compared to analysts’ expectations of $677.30 million. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.UMB Financial’s revenue was up 66.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.49 EPS. Sell-side analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be issued a $0.43 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is presently 18.84%.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 15,214 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $128.59, for a total value of $1,956,368.26. Following the completion of the sale, the chief executive officer owned 1,506,200 shares in the company, valued at approximately $193,682,258. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin Charles Gallagher sold 388 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total value of $50,168.40. Following the transaction, the director owned 12,488 shares in the company, valued at approximately $1,614,698.40. This represents a 3.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,469 shares of company stock valued at $4,218,998 in the last 90 days. 5.45% of the stock is owned by insiders.

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.