Crestline Management LP Has $1.37 Million Position in UMB Financial Co. (NASDAQ:UMBF)

Crestline Management LP increased its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 219.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,129 shares of the bank's stock after acquiring an additional 8,333 shares during the period. Crestline Management LP's holdings in UMB Financial were worth $1,369,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of UMB Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock valued at $537,494,000 after acquiring an additional 48,507 shares during the last quarter. Wellington Management Group LLP grew its holdings in UMB Financial by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock valued at $228,122,000 after buying an additional 102,104 shares during the last quarter. Principal Financial Group Inc. grew its holdings in UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after buying an additional 694,751 shares during the last quarter. Northern Trust Corp grew its holdings in UMB Financial by 16.2% in the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after buying an additional 88,705 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in UMB Financial by 17.5% in the 4th quarter. Captrust Financial Advisors now owns 461,031 shares of the bank's stock valued at $52,032,000 after buying an additional 68,634 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF traded down $0.54 during trading on Friday, hitting $103.02. 414,277 shares of the stock were exchanged, compared to its average volume of 519,480. UMB Financial Co. has a 1-year low of $78.56 and a 1-year high of $129.94. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 11.46 and a beta of 0.72. The company's fifty day simple moving average is $97.21 and its 200-day simple moving average is $109.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping the consensus estimate of $2.21 by $0.37. The business had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. UMB Financial's revenue was up 41.4% on a year-over-year basis. During the same quarter last year, the company earned $2.47 EPS. Sell-side analysts expect that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

Analysts Set New Price Targets

UMBF has been the topic of a number of research analyst reports. Barclays lowered their target price on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada lowered their target price on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. StockNews.com lowered UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Citigroup reaffirmed a "neutral" rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Piper Sandler reissued an "overweight" rating and set a $137.00 price objective (up previously from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $120.38.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.45% of the stock is owned by corporate insiders.

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.