Hussman Strategic Advisors Inc. Has $1.06 Million Stock Position in UMB Financial Corporation (NASDAQ:UMBF)

Hussman Strategic Advisors Inc. cut its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,500 shares of the bank's stock after selling 6,300 shares during the quarter. Hussman Strategic Advisors Inc.'s holdings in UMB Financial were worth $1,062,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Freestone Grove Partners LP bought a new position in UMB Financial during the fourth quarter worth $48,235,000. Adage Capital Partners GP L.L.C. boosted its stake 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 worth $34,051,000 after acquiring an additional 225,908 shares in the last quarter. Stieven Capital Advisors L.P. bought a new position in UMB Financial during the first quarter worth $21,088,000. New York State Common Retirement Fund boosted its stake in UMB Financial by 1,302.5% during the first quarter. New York State Common Retirement Fund now owns 194,586 shares of the bank's stock worth $19,673,000 after acquiring an additional 180,712 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in UMB Financial by 22,173.3% during the fourth quarter. Point72 Asset Management L.P. now owns 176,627 shares of the bank's stock worth $19,934,000 after acquiring an additional 175,834 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UMBF. Royal Bank Of Canada dropped their price objective on shares of UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Piper Sandler set a $135.00 price objective on shares of UMB Financial and gave the company an "overweight" rating in a research note on Friday, June 13th. Wells Fargo & Company lifted their target price on shares of UMB Financial from $110.00 to $120.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Truist Financial set a $128.00 price objective on shares of UMB Financial and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Bank of America began coverage on shares of UMB Financial in a research report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $127.00.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 5,412 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 288,945 shares in the company, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.45% of the company's stock.

UMB Financial Stock Performance

UMB Financial stock traded up $0.31 during midday trading on Friday, hitting $109.73. The stock had a trading volume of 407,418 shares, compared to its average volume of 545,871. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $129.94. The firm's fifty day moving average is $103.80 and its two-hundred day moving average is $104.61. The company has a market capitalization of $8.33 billion, a PE ratio of 13.80, a P/E/G ratio of 1.46 and a beta of 0.74.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. UMB Financial had a net margin of 13.64% and a return on equity of 12.09%. The firm had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. During the same period in the previous year, the firm earned $2.47 earnings per share. The business's revenue was up 41.4% on a year-over-year basis. On average, research analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.46%. UMB Financial's payout ratio is 20.13%.

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.