Brant Point Investment Management LLC Lowers Holdings in UMB Financial Corporation $UMBF

Key Points

• Brant Point Investment Management LLC has reduced its stake in UMB Financial Corporation by 16.1%, selling 8,545 shares and now owning 44,455 shares, which accounts for 0.5% of its investment portfolio.
• Insider trading includes notable sales by Robert Brian Beaird and Stacy H. King, resulting in a total of 24,890 shares worth approximately $2.8 million being sold in the last three months.
• UMB Financial reported $2.96 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.40, reflecting a dividend yield of 1.3%.

Brant Point Investment Management LLC decreased its position in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 16.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,455 shares of the bank's stock after selling 8,545 shares during the period. UMB Financial accounts for about 0.5% of Brant Point Investment Management LLC's investment portfolio, making the stock its 29th biggest position. Brant Point Investment Management LLC owned approximately 0.06% of UMB Financial worth $4,494,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in UMB Financial by 54.0% during the first quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock worth $741,342,000 after buying an additional 2,570,283 shares during the period. Earnest Partners LLC purchased a new stake in UMB Financial during the first quarter worth $144,351,000. Dimensional Fund Advisors LP lifted its holdings in UMB Financial by 78.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock worth $273,029,000 after buying an additional 1,185,671 shares during the period. Nuveen LLC purchased a new stake in UMB Financial during the first quarter worth $51,324,000. Finally, Freestone Grove Partners LP purchased a new stake in UMB Financial during the fourth quarter worth $48,235,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In related news, insider Stacy H. King sold 1,500 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $118.88, for a total value of $178,320.00. Following the transaction, the insider directly owned 9,472 shares of the company's stock, valued at $1,126,031.36. This represents a 13.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Phillip James Mason sold 750 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $120.97, for a total value of $90,727.50. Following the completion of the transaction, the insider directly owned 8,815 shares in the company, valued at approximately $1,066,350.55. The trade was a 7.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,478 shares of company stock worth $2,275,833 over the last 90 days. Insiders own 5.45% of the company's stock.

UMB Financial Stock Performance

Shares of NASDAQ UMBF traded down $0.35 during mid-day trading on Monday, hitting $121.90. The stock had a trading volume of 440,588 shares, compared to its average volume of 559,690. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. The company has a 50 day moving average of $110.10 and a two-hundred day moving average of $103.94. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94. The firm has a market cap of $9.26 billion, a PE ratio of 14.01, a PEG ratio of 1.39 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The firm had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. During the same period in the prior year, the firm earned $2.16 EPS. The firm's revenue was up 76.7% on a year-over-year basis. Research analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 10th. UMB Financial's dividend payout ratio is presently 18.39%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UMBF. Barclays upped their target price on UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Piper Sandler increased their price objective on UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Raymond James Financial increased their price objective on UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, Truist Financial increased their price objective on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $132.11.

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.