Systematic Financial Management LP Purchases 261,055 Shares of UMB Financial Co. (NASDAQ:UMBF)

Systematic Financial Management LP lifted its position in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 438.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 320,550 shares of the bank's stock after buying an additional 261,055 shares during the quarter. UMB Financial makes up 0.9% of Systematic Financial Management LP's holdings, making the stock its 29th largest holding. Systematic Financial Management LP owned 0.66% of UMB Financial worth $33,693,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of UMB Financial during the third quarter worth about $26,000. Covestor Ltd raised its position in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after buying an additional 102 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of UMB Financial in the third quarter worth $83,000. 1620 Investment Advisors Inc. bought a new position in shares of UMB Financial during the second quarter worth $128,000. Finally, Acropolis Investment Management LLC purchased a new position in UMB Financial during the third quarter valued at $156,000. Institutional investors own 87.78% of the company's stock.

UMB Financial Trading Down 1.7 %

UMBF stock traded down $2.12 during mid-day trading on Thursday, reaching $125.01. 237,546 shares of the stock traded hands, compared to its average volume of 364,116. The business has a 50-day moving average price of $114.05 and a two-hundred day moving average price of $99.73. The stock has a market capitalization of $6.10 billion, a PE ratio of 15.89 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Co. has a one year low of $75.03 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.05. The business had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter last year, the firm earned $2.02 earnings per share. Equities research analysts expect that UMB Financial Co. will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from UMB Financial's previous quarterly dividend of $0.39. UMB Financial's dividend payout ratio is 19.50%.

Analysts Set New Price Targets

Several research analysts have commented on UMBF shares. Wells Fargo & Company increased their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an "equal weight" rating in a report on Thursday, October 31st. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They set a "buy" rating and a $127.00 price target for the company. Morgan Stanley initiated coverage on UMB Financial in a report on Thursday, November 21st. They set an "overweight" rating and a $156.00 price objective on the stock. 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 report on Thursday. Finally, Royal Bank of Canada began coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a "sector perform" rating and a $130.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, UMB Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

Insiders Place Their Bets

In related news, insider Robert Brian Beaird sold 854 shares of UMB Financial stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares of the company's stock, valued at $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00. Following the sale, the chief executive officer now owns 1,552,304 shares of the company's stock, valued at approximately $193,960,384.80. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,603 shares of company stock worth $8,866,450 over the last quarter. Company insiders own 8.85% of the company's stock.

UMB Financial 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.