Cubist Systematic Strategies LLC Increases Stake in UMB Financial Co. (NASDAQ:UMBF)

Cubist Systematic Strategies LLC increased its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 103.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,060 shares of the bank's stock after purchasing an additional 41,762 shares during the period. Cubist Systematic Strategies LLC owned 0.17% of UMB Financial worth $9,261,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers bought a new position in shares of UMB Financial in the fourth quarter worth approximately $238,000. Captrust Financial Advisors raised its position in UMB Financial by 17.5% in the 4th quarter. Captrust Financial Advisors now owns 461,031 shares of the bank's stock worth $52,032,000 after buying an additional 68,634 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of UMB Financial by 70.8% during the 4th quarter. BNP Paribas Financial Markets now owns 38,462 shares of the bank's stock valued at $4,341,000 after acquiring an additional 15,949 shares during the last quarter. Gallagher Fiduciary Advisors LLC grew its stake in shares of UMB Financial by 17.7% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,769 shares of the bank's stock worth $651,000 after acquiring an additional 867 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of UMB Financial by 0.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,144 shares of the bank's stock valued at $3,063,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

UMB Financial Stock Up 0.5%

Shares of NASDAQ UMBF traded up $0.55 during mid-day trading on Tuesday, reaching $107.83. 140,665 shares of the company were exchanged, compared to its average volume of 517,870. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 1 year low of $78.56 and a 1 year high of $129.94. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 11.99 and a beta of 0.72. The firm has a 50-day moving average of $97.26 and a 200 day moving average of $109.97.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. The firm had revenue of $563.84 million during the quarter, compared to the consensus estimate of $555.79 million. During the same quarter in the previous year, the company posted $2.47 earnings per share. The company's revenue was up 41.4% compared to the same quarter last year. On average, research analysts expect 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 will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio is currently 20.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Morgan Stanley cut their target price on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Truist Financial began coverage on UMB Financial in a research note on Tuesday. They issued a "buy" rating and a $120.00 price target on the stock. StockNews.com downgraded UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Citigroup restated a "neutral" rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $137.00 price target (up previously from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.33.

Insiders Place Their Bets

In other news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 5.45% of the company's stock.

About UMB Financial

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.