UMB Financial Co. (NASDAQ:UMBF) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its holdings in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,832 shares of the bank's stock after selling 46,762 shares during the period. Two Sigma Investments LP owned 0.37% of UMB Financial worth $20,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in UMB Financial in the 4th quarter valued at about $2,190,000. US Bancorp DE grew its stake in UMB Financial by 46.9% in the 4th quarter. US Bancorp DE now owns 13,105 shares of the bank's stock valued at $1,479,000 after acquiring an additional 4,182 shares during the last quarter. Northern Trust Corp grew its stake in UMB Financial by 16.2% in the 4th quarter. Northern Trust Corp now owns 637,072 shares of the bank's stock valued at $71,900,000 after acquiring an additional 88,705 shares during the last quarter. Inceptionr LLC acquired a new stake in UMB Financial in the 4th quarter valued at about $305,000. Finally, Vontobel Holding Ltd. grew its stake in UMB Financial by 107.8% in the 4th quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank's stock valued at $626,000 after acquiring an additional 2,877 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Up 2.9%

NASDAQ:UMBF traded up $2.91 during trading hours on Tuesday, hitting $104.41. The stock had a trading volume of 132,254 shares, compared to its average volume of 516,571. 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 Co. has a 1-year low of $78.56 and a 1-year high of $129.94. The business has a 50 day simple moving average of $98.06 and a two-hundred day simple moving average of $109.39. The company has a market cap of $7.93 billion, a PE ratio of 11.61 and a beta of 0.72.

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

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, June 10th. UMB Financial's payout ratio is currently 20.13%.

Analysts Set New Price Targets

UMBF has been the topic of a number of recent research reports. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Piper Sandler restated an "overweight" rating and issued a $137.00 target price (up from $132.00) on shares of UMB Financial in a report on Friday, May 2nd. Bank of America began coverage on shares of UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective on the stock. Royal Bank of Canada cut 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 report on Thursday, May 1st. Finally, Wells Fargo & Company increased their price objective on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.