Two Sigma Advisers LP lowered its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,800 shares of the bank's stock after selling 32,900 shares during the quarter. Two Sigma Advisers LP owned about 0.20% of UMB Financial worth $11,263,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Covestor Ltd increased its stake in UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after purchasing an additional 124 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial during the fourth quarter worth $96,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of UMB Financial during the fourth quarter valued at $103,000. R Squared Ltd acquired a new position in shares of UMB Financial in the 4th quarter valued at $117,000. Finally, HighTower Advisors LLC acquired a new position in shares of UMB Financial in the 4th quarter valued at $201,000. 87.78% of the stock is owned by hedge funds and other institutional investors.
UMB Financial Stock Performance
UMB Financial stock traded down $0.63 during mid-day trading on Monday, hitting $101.50. The company had a trading volume of 633,990 shares, compared to its average volume of 518,064. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 11.29 and a beta of 0.72. UMB Financial Co. has a 12-month low of $78.56 and a 12-month high of $129.94. The company's fifty day moving average is $98.10 and its 200-day moving average is $109.54. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.
UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.37. The firm had revenue of $563.84 million during the quarter, compared to analysts' expectations of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The business's revenue was up 41.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.47 EPS. Equities research analysts predict that UMB Financial Co. will post 9.66 EPS for the current year.
UMB Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, June 10th. UMB Financial's payout ratio is currently 20.13%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Bank of America assumed coverage on UMB Financial in a research report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target for the company. Wells Fargo & Company lifted their target price on UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. Royal Bank of Canada dropped their target price on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Piper Sandler reissued an "overweight" rating and set a $137.00 price target (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. Finally, Morgan Stanley decreased their price objective on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $120.33.
Get Our Latest Analysis on UMB Financial
UMB Financial Company Profile
(
Free Report)
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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