Whalen Wealth Management Inc. Makes New $501,000 Investment in UMB Financial Corporation $UMBF

Whalen Wealth Management Inc. acquired a new position in shares of UMB Financial Corporation (NASDAQ:UMBF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,512 shares of the bank’s stock, valued at approximately $501,000.

Several other large investors also recently made changes to their positions in UMBF. Mercer Global Advisors Inc. ADV raised its stake in shares of UMB Financial by 4.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock valued at $295,000 after acquiring an additional 102 shares during the period. Steward Partners Investment Advisory LLC boosted its position in UMB Financial by 3.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock worth $335,000 after purchasing an additional 108 shares during the period. Concurrent Investment Advisors LLC increased its holdings in UMB Financial by 1.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after purchasing an additional 112 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in UMB Financial by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock valued at $820,000 after purchasing an additional 125 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in UMB Financial by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock valued at $450,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on UMBF shares. Morgan Stanley boosted their price objective on UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Stephens started coverage on UMB Financial in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 target price for the company. Citigroup reiterated a “neutral” rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. TD Cowen reissued a “buy” rating and set a $166.00 price target (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Finally, Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

Insider Activity at UMB Financial

In other news, Director Kevin Charles Gallagher sold 360 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $145.13, for a total transaction of $52,246.80. Following the completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Phillip James Mason sold 800 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total transaction of $117,600.00. Following the completion of the sale, the insider directly owned 8,894 shares in the company, valued at $1,307,418. This represents a 8.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 34,171 shares of company stock worth $4,919,826 over the last ninety days. Company insiders own 5.33% of the company’s stock.

UMB Financial Stock Performance

Shares of UMBF stock opened at $143.96 on Tuesday. UMB Financial Corporation has a 12 month low of $103.38 and a 12 month 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 has a market capitalization of $10.93 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.71 and a beta of 0.77. The company’s fifty day moving average price is $144.02 and its two-hundred day moving average price is $130.52.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share 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 company had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $727.63 million. During the same period in the prior year, the company posted $2.96 EPS. On average, research analysts anticipate that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

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

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.