AlphaQuest LLC Buys 9,382 Shares of UMB Financial Co. (NASDAQ:UMBF)

AlphaQuest LLC raised its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 55.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,415 shares of the bank's stock after buying an additional 9,382 shares during the quarter. UMB Financial comprises about 0.4% of AlphaQuest LLC's holdings, making the stock its 15th largest position. AlphaQuest LLC owned approximately 0.05% of UMB Financial worth $2,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UMBF. Covestor Ltd increased its stake in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. USA Financial Formulas increased its stake in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after buying an additional 268 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of UMB Financial in the third quarter worth $83,000. Venturi Wealth Management LLC bought a new stake in shares of UMB Financial in the fourth quarter worth $96,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of UMB Financial in the fourth quarter worth $103,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on UMBF shares. Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Morgan Stanley started coverage on UMB Financial in a research note on Thursday, November 21st. They set an "overweight" rating and a $156.00 target price on the stock. Piper Sandler boosted their price target on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Citigroup restated 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, UMB Financial currently has an average rating of "Moderate Buy" and an average target price of $130.14.

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UMB Financial Stock Performance

Shares of NASDAQ UMBF traded up $0.99 during midday trading on Wednesday, hitting $98.99. 567,294 shares of the company's stock were exchanged, compared to its average volume of 454,975. 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's 50 day moving average price is $112.54 and its 200 day moving average price is $112.44. The firm has a market capitalization of $7.19 billion, a PE ratio of 11.01 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share 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 company posted $2.29 earnings per share. As a group, analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. UMB Financial's dividend payout ratio (DPR) is currently 17.80%.

Insider Buying and Selling

In related news, Director Kevin Charles Gallagher sold 527 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Mariner Kemper sold 3,500 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value 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. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by corporate insiders.

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.