Headlands Technologies LLC Raises Stock Holdings in UMB Financial Corporation (NASDAQ:UMBF)

Key Points

• Headlands Technologies LLC significantly increased its holdings in UMB Financial Corporation by 172.4%, owning 23,515 shares valued at $2,377,000 as of the latest SEC filing.
• Several hedge funds, including Rothschild Investment LLC and Versant Capital Management Inc, also boosted their stakes in UMB Financial, demonstrating strong institutional interest in the company.
• UMB Financial recently announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend yield of 1.5%, with an expected payout ratio of 18.39%.

Headlands Technologies LLC raised its holdings in UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 172.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,515 shares of the bank's stock after buying an additional 14,883 shares during the quarter. Headlands Technologies LLC's holdings in UMB Financial were worth $2,377,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rothschild Investment LLC raised its stake in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after buying an additional 221 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in UMB Financial in the first quarter valued at about $42,000. Versant Capital Management Inc raised its stake in UMB Financial by 703.2% in the first quarter. Versant Capital Management Inc now owns 498 shares of the bank's stock valued at $50,000 after buying an additional 436 shares during the last quarter. Covestor Ltd raised its stake in UMB Financial by 28.8% in the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after buying an additional 124 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in UMB Financial by 38.1% in the first quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock valued at $63,000 after buying an additional 172 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Truist Financial increased their price target on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Bank of America started coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price objective for the company. Wells Fargo & Company raised their price objective on UMB Financial from $120.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Barclays raised their price objective on UMB Financial from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada raised their price objective on UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $132.11.

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 5,412 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $101.81, for a total value of $550,995.72. Following the transaction, the chief executive officer owned 288,945 shares in the company, valued at $29,417,490.45. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Greg M. Graves bought 261 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $107.58 per share, for a total transaction of $28,078.38. Following the transaction, the director owned 37,800 shares of the company's stock, valued at approximately $4,066,524. This represents a 0.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.45% of the company's stock.

UMB Financial Stock Down 1.1%

UMB Financial stock opened at $110.00 on Thursday. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94. The business's 50-day moving average price is $105.16 and its 200 day moving average price is $103.82. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 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 company had revenue of $689.21 million for the quarter, compared to analyst estimates of $638.25 million. During the same period last year, the company earned $2.16 earnings per share. UMB Financial's quarterly revenue was up 76.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 1.5%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio (DPR) is 18.39%.

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.

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