Brant Point Investment Management LLC Has $5.98 Million Stock Position in UMB Financial Co. (NASDAQ:UMBF)

Brant Point Investment Management LLC grew its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,000 shares of the bank's stock after acquiring an additional 3,000 shares during the period. UMB Financial comprises approximately 0.7% of Brant Point Investment Management LLC's holdings, making the stock its 23rd biggest position. Brant Point Investment Management LLC owned 0.11% of UMB Financial worth $5,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in UMB Financial in the fourth quarter valued at about $2,190,000. US Bancorp DE increased its holdings in shares of UMB Financial by 46.9% in the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after acquiring an additional 4,182 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of UMB Financial by 403.7% during the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after acquiring an additional 694,751 shares in the last quarter. Inceptionr LLC bought a new position in UMB Financial during the fourth quarter worth $305,000. Finally, Vontobel Holding Ltd. boosted its holdings in UMB Financial by 107.8% in the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock worth $626,000 after purchasing an additional 2,877 shares during the period. Institutional investors own 87.78% of the company's stock.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company's stock.

UMB Financial Price Performance

UMBF traded up $1.82 on Wednesday, reaching $96.02. The company had a trading volume of 212,559 shares, compared to its average volume of 522,567. The company has a market capitalization of $7.29 billion, a P/E ratio of 10.68 and a beta of 0.71. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $99.98 and a 200-day moving average of $110.73. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter last year, the firm earned $2.29 EPS. As a group, equities research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. UMB Financial's dividend payout ratio is currently 17.80%.

Wall Street Analyst Weigh In

Several research firms have recently commented on UMBF. Barclays decreased their price target on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Bank of America initiated coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price for the company. Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $122.13.

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.