Voloridge Investment Management LLC Reduces Position in UMB Financial Co. (NASDAQ:UMBF)

Voloridge Investment Management LLC lessened its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,632 shares of the bank's stock after selling 37,679 shares during the quarter. Voloridge Investment Management LLC owned 0.30% of UMB Financial worth $16,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State of Wyoming boosted its holdings in shares of UMB Financial by 46.4% in the fourth quarter. State of Wyoming now owns 3,833 shares of the bank's stock valued at $433,000 after buying an additional 1,215 shares during the period. Systematic Financial Management LP raised its position in shares of UMB Financial by 1.5% in the fourth quarter. Systematic Financial Management LP now owns 325,242 shares of the bank's stock valued at $36,707,000 after purchasing an additional 4,692 shares during the period. Point72 Asset Management L.P. raised its position in shares of UMB Financial by 22,173.3% in the fourth quarter. Point72 Asset Management L.P. now owns 176,627 shares of the bank's stock valued at $19,934,000 after purchasing an additional 175,834 shares during the period. Quantinno Capital Management LP bought a new position in shares of UMB Financial in the fourth quarter valued at about $214,000. Finally, Nomura Holdings Inc. bought a new position in shares of UMB Financial in the fourth quarter valued at about $664,000. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Trading Down 1.4%

Shares of NASDAQ:UMBF traded down $1.43 during mid-day trading on Wednesday, hitting $103.89. The company had a trading volume of 178,307 shares, compared to its average volume of 517,466. The firm has a fifty day moving average price of $98.11 and a 200 day moving average price of $109.37. The company has a market capitalization of $7.89 billion, a PE ratio of 11.58 and a beta of 0.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Co. has a one year low of $78.56 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.37. The firm had revenue of $563.84 million for the quarter, compared to the consensus estimate 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 for the quarter was up 41.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 EPS. As a group, research analysts forecast that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

UMBF has been the topic of several research analyst reports. Truist Financial initiated coverage on shares of UMB Financial in a research report on Tuesday, May 13th. They issued a "buy" rating and a $120.00 price objective on the stock. Wells Fargo & Company raised their price target on shares of UMB Financial from $105.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 1st. Morgan Stanley lowered their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Piper Sandler reiterated an "overweight" rating and set a $137.00 price objective (up from $132.00) on shares of UMB Financial in a research note on Friday, May 2nd. Finally, Bank of America initiated coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.33.

UMB Financial Company 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.