Two Sigma Investments LP Lowers Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Two Sigma Investments LP cut its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 20.5% in the 4th quarter, according to the company in its most recent filing with the Securities & 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 approximately 0.37% of UMB Financial worth $20,409,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. State of Wyoming raised its stake in shares of UMB Financial by 46.4% during the fourth quarter. State of Wyoming now owns 3,833 shares of the bank's stock worth $433,000 after purchasing an additional 1,215 shares during the last quarter. Systematic Financial Management LP increased its stake in UMB Financial by 1.5% in the 4th quarter. Systematic Financial Management LP now owns 325,242 shares of the bank's stock valued at $36,707,000 after buying an additional 4,692 shares during the period. Point72 Asset Management L.P. raised its position in UMB Financial by 22,173.3% during the 4th quarter. Point72 Asset Management L.P. now owns 176,627 shares of the bank's stock worth $19,934,000 after buying an additional 175,834 shares during the last quarter. Quantinno Capital Management LP purchased a new position in UMB Financial during the 4th quarter worth $214,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of UMB Financial in the 4th quarter worth $664,000. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Stock Down 3.6%

UMB Financial stock opened at $102.37 on Thursday. UMB Financial Co. has a fifty-two week low of $78.56 and a fifty-two week high of $129.94. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 11.39 and a beta of 0.72. The stock's fifty day moving average is $98.11 and its two-hundred day moving average is $109.84. 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 (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.37. The firm had revenue of $563.84 million for 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 firm's revenue was up 41.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 EPS. Analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Tuesday, June 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.56%. UMB Financial's dividend payout ratio (DPR) is 20.13%.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. This represents a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UMBF. Citigroup reissued a "neutral" rating and set a $127.00 price target (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Bank of America began coverage on UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price for the company. Barclays decreased their price target on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their price objective on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Piper Sandler restated an "overweight" rating and set a $137.00 target price (up from $132.00) on shares of UMB Financial in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently 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.

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