Two Sigma Advisers LP Has $11.26 Million Stake in UMB Financial Co. (NASDAQ:UMBF)

Two Sigma Advisers LP lowered its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 24.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,800 shares of the bank's stock after selling 32,900 shares during the period. Two Sigma Advisers LP owned approximately 0.20% of UMB Financial worth $11,263,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of UMB Financial by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,762,481 shares of the bank's stock worth $537,494,000 after acquiring an additional 48,507 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of UMB Financial by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank's stock worth $228,122,000 after acquiring an additional 102,104 shares during the last quarter. Northern Trust Corp increased its stake in shares of UMB Financial by 16.2% in the fourth quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock worth $71,900,000 after acquiring an additional 88,705 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of UMB Financial by 17.5% in the fourth quarter. Captrust Financial Advisors now owns 461,031 shares of the bank's stock worth $52,032,000 after acquiring an additional 68,634 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of UMB Financial by 18.7% in the fourth quarter. Nuveen Asset Management LLC now owns 427,586 shares of the bank's stock worth $48,257,000 after acquiring an additional 67,480 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

Shares of UMBF traded down $1.25 during trading hours on Wednesday, reaching $104.06. 169,380 shares of the company traded hands, compared to its average volume of 517,403. The stock's fifty day moving average is $98.11 and its 200 day moving average is $109.37. The stock has a market cap of $7.90 billion, a P/E ratio of 11.57 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a 1-year low of $78.56 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The firm had revenue of $563.84 million during the quarter, compared to analyst estimates of $555.79 million. During the same quarter in the prior year, the business posted $2.47 earnings per share. The company's quarterly revenue was up 41.4% compared to the same quarter last year. Equities research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.54%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio (DPR) is presently 20.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UMBF. Bank of America began coverage on shares of UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 price objective for the company. Piper Sandler reiterated an "overweight" rating and issued a $137.00 price objective (up from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. Truist Financial began coverage on shares of UMB Financial in a report on Tuesday, May 13th. They issued a "buy" rating and a $120.00 price objective for the company. Citigroup reiterated a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $120.33.

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.