Hussman Strategic Advisors Inc. Sells 14,700 Shares of UMB Financial Co. (NASDAQ:UMBF)

Hussman Strategic Advisors Inc. lowered its position in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 46.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,800 shares of the bank's stock after selling 14,700 shares during the period. Hussman Strategic Advisors Inc.'s holdings in UMB Financial were worth $1,896,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. 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 worth $45,000 after purchasing an additional 102 shares during the last quarter. USA Financial Formulas boosted its holdings in 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 purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial during the third quarter worth $83,000. Venturi Wealth Management LLC acquired a new position in UMB Financial during the fourth quarter worth $96,000. Finally, R Squared Ltd acquired a new stake in shares of UMB Financial in the fourth quarter worth about $117,000. Institutional investors own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now owns 1,552,304 shares of the company's stock, valued at $193,960,384.80. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The shares were 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. The trade was a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is owned by insiders.

UMB Financial Stock Performance

NASDAQ:UMBF traded down $3.05 during trading hours on Friday, hitting $106.91. 467,773 shares of the company traded hands, compared to its average volume of 820,670. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94. The firm has a 50-day moving average of $115.63 and a 200 day moving average of $111.43. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 11.89 and a beta of 0.82.

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 analysts' consensus estimates 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 last year, the company earned $2.29 earnings per share. On average, analysts forecast 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 will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. UMB Financial's dividend payout ratio is currently 17.80%.

Analyst Ratings Changes

A number of brokerages have recently commented on UMBF. Royal Bank of Canada reissued a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Wells Fargo & Company increased their price target on UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Morgan Stanley assumed coverage on shares of UMB Financial in a research note on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price objective for the company. Barclays raised their target price on shares of UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research note on Thursday, December 5th. Finally, Piper Sandler lifted 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $130.14.

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.