6,019 Shares in UMB Financial Co. (NASDAQ:UMBF) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,019 shares of the bank's stock, valued at approximately $679,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mariner LLC lifted its position in UMB Financial by 1.9% in the fourth quarter. Mariner LLC now owns 21,296 shares of the bank's stock valued at $2,403,000 after acquiring an additional 393 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of UMB Financial by 37.5% during the fourth quarter. Sterling Capital Management LLC now owns 14,439 shares of the bank's stock worth $1,630,000 after buying an additional 3,938 shares during the last quarter. Covestor Ltd grew its holdings in shares of UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock worth $63,000 after buying an additional 124 shares during the last quarter. Invesco Ltd. increased its position in UMB Financial by 31.4% in the 4th quarter. Invesco Ltd. now owns 309,980 shares of the bank's stock valued at $34,984,000 after acquiring an additional 74,038 shares during the period. Finally, Bank of Montreal Can raised its stake in UMB Financial by 16.5% during the 4th quarter. Bank of Montreal Can now owns 6,270 shares of the bank's stock valued at $708,000 after acquiring an additional 886 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Price Performance

Shares of UMB Financial stock traded up $2.27 during trading on Wednesday, reaching $96.47. The company's stock had a trading volume of 147,911 shares, compared to its average volume of 522,303. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. The company has a market capitalization of $7.32 billion, a P/E ratio of 10.73 and a beta of 0.71. The business has a 50 day moving average price of $99.98 and a 200-day moving average price of $110.73.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the firm earned $2.29 earnings per share. As a group, sell-side analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.66%. UMB Financial's dividend payout ratio is presently 17.80%.

Insider Buying and Selling

In other news, Director Kevin Charles Gallagher sold 527 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the sale, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several analyst reports. Bank of America initiated coverage on UMB Financial in a research note on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price on the stock. Citigroup reiterated a "neutral" rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Wells Fargo & Company lowered their target price on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler lifted their target price on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and a consensus price target of $122.13.

About UMB Financial

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.