Brant Point Investment Management LLC Boosts Stake in UMB Financial Co. (NASDAQ:UMBF)

Brant Point Investment Management LLC raised its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,000 shares of the bank's stock after purchasing an additional 3,000 shares during the quarter. UMB Financial accounts for about 0.7% of Brant Point Investment Management LLC's investment portfolio, making the stock its 23rd biggest holding. Brant Point Investment Management LLC owned 0.11% of UMB Financial worth $5,982,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Marshall Wace LLP bought a new stake in UMB Financial in the 4th quarter worth approximately $237,000. NewEdge Advisors LLC lifted its holdings in UMB Financial by 22.1% in the fourth quarter. NewEdge Advisors LLC now owns 3,840 shares of the bank's stock valued at $433,000 after acquiring an additional 695 shares during the period. Guggenheim Capital LLC boosted its position in UMB Financial by 77.1% in the fourth quarter. Guggenheim Capital LLC now owns 17,827 shares of the bank's stock worth $2,012,000 after purchasing an additional 7,759 shares during the last quarter. Walleye Capital LLC increased its position in shares of UMB Financial by 701.5% during the 4th quarter. Walleye Capital LLC now owns 17,592 shares of the bank's stock valued at $1,985,000 after purchasing an additional 15,397 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of UMB Financial in the 4th quarter worth approximately $679,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Performance

UMBF traded down $1.09 on Monday, reaching $90.42. 453,257 shares of the stock were exchanged, compared to its average volume of 521,896. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company's 50-day moving average price is $100.79 and its 200 day moving average price is $110.94. The firm has a market capitalization of $6.86 billion, a PE ratio of 10.06 and a beta of 0.71. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94.

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

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Monday, March 10th. UMB Financial's payout ratio is 17.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Piper Sandler boosted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Bank of America initiated coverage on UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target for the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lowered their price objective on UMB Financial from $120.00 to $105.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $122.13.

Insider Activity at UMB Financial

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was 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 of the company's stock, valued at $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kevin Charles Gallagher sold 527 shares of the 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 directly owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. 5.45% of the stock is owned by corporate insiders.

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.