D. E. Shaw & Co. Inc. Lowers Stake in UMB Financial Co. (NASDAQ:UMBF)

D. E. Shaw & Co. Inc. cut its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 93.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,555 shares of the bank's stock after selling 60,253 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in UMB Financial were worth $514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Freestone Grove Partners LP bought a new position in shares of UMB Financial in the fourth quarter worth about $48,235,000. Adage Capital Partners GP L.L.C. lifted its position in UMB Financial by 298.0% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock valued at $34,051,000 after purchasing an additional 225,908 shares during the last quarter. Barclays PLC lifted its holdings in shares of UMB Financial by 278.8% in the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank's stock valued at $24,329,000 after acquiring an additional 170,375 shares during the last quarter. Norges Bank purchased a new position in shares of UMB Financial in the 4th quarter worth approximately $15,835,000. Finally, Wellington Management Group LLP increased its position in UMB Financial by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock valued at $228,122,000 after acquiring an additional 102,104 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Truist Financial assumed coverage on UMB Financial in a research note on Tuesday, May 13th. They issued a "buy" rating and a $120.00 target price on the stock. Bank of America initiated coverage on shares of UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price target on the stock. Wall Street Zen lowered UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. 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. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $137.00 target price (up previously from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, UMB Financial has an average rating of "Moderate Buy" and a consensus target price of $120.33.

UMB Financial Stock Performance

UMBF traded down $0.39 on Friday, hitting $103.40. 41,112 shares of the company traded hands, compared to its average volume of 683,646. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $98.11 and a 200-day moving average of $109.17. UMB Financial Co. has a 12-month low of $78.56 and a 12-month high of $129.94. The stock has a market capitalization of $7.85 billion, a PE ratio of 11.50 and a beta of 0.72.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, beating 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 company had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. During the same quarter in the previous year, the company earned $2.47 EPS. The firm's revenue for the quarter was up 41.4% compared to the same quarter last year. Sell-side analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Tuesday, June 10th. UMB Financial's dividend payout ratio is currently 20.13%.

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.