Systematic Financial Management LP Has $33.91 Million Position in UMB Financial Corporation $UMBF

Key Points

• Systematic Financial Management LP increased its holdings in UMB Financial Corporation by 3.1% in the first quarter, owning a total of 335,410 shares worth approximately $33.91 million.
• UMB Financial's stock has recently seen an increase of 5.6%, opening at $121.59, with analysts forecasting 9.66 earnings per share for the current year.
• The bank also announced a quarterly dividend of $0.40 per share, reflecting an annualized yield of 1.3%, with a dividend payout ratio of 18.39%.

Systematic Financial Management LP increased its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 335,410 shares of the bank's stock after buying an additional 10,168 shares during the period. UMB Financial comprises about 1.0% of Systematic Financial Management LP's portfolio, making the stock its 26th biggest position. Systematic Financial Management LP owned 0.44% of UMB Financial worth $33,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SummerHaven Investment Management LLC grew its position in UMB Financial by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 9,145 shares of the bank's stock valued at $925,000 after buying an additional 122 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in UMB Financial by 5.8% during the fourth quarter. EP Wealth Advisors LLC now owns 2,361 shares of the bank's stock worth $266,000 after acquiring an additional 130 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of UMB Financial by 4.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,784 shares of the bank's stock worth $383,000 after buying an additional 150 shares during the last quarter. Heritage Family Offices LLP raised its stake in UMB Financial by 7.6% in the 1st quarter. Heritage Family Offices LLP now owns 2,215 shares of the bank's stock valued at $224,000 after purchasing an additional 156 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of UMB Financial by 38.1% during the 1st quarter. Fifth Third Bancorp now owns 624 shares of the bank's stock worth $63,000 after purchasing an additional 172 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Performance

UMBF traded up $2.16 during trading hours on Tuesday, hitting $122.72. 597,178 shares of the stock were exchanged, compared to its average volume of 653,011. The stock has a 50-day simple moving average of $108.91 and a 200-day simple moving average of $103.73. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.37 and a beta of 0.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping 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 analyst estimates of $638.25 million. During the same period last year, the company earned $2.16 earnings per share. The firm's revenue for the quarter was up 76.7% on a year-over-year basis. Analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio is currently 18.39%.

Insider Buying and Selling at UMB Financial

In related news, CEO J Mariner Kemper sold 15,523 shares of UMB Financial stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $116.33, for a total transaction of $1,805,790.59. Following the completion of the sale, the chief executive officer owned 1,536,781 shares of the company's stock, valued at approximately $178,773,733.73. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Brian Beaird sold 1,205 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total value of $139,984.85. Following the sale, the insider directly owned 10,147 shares of the company's stock, valued at $1,178,776.99. This trade represents a 10.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,390 shares of company stock valued at $2,765,819. Corporate insiders own 5.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UMBF. Wells Fargo & Company lifted their price objective on UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Raymond James Financial upped their price target on UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Piper Sandler lifted their price target on shares of UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada lifted their target price on UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and an average price target of $132.11.

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.