UMB Financial Co. (NASDAQ:UMBF) Short Interest Update

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,620,000 shares, a drop of 19.0% from the February 28th total of 2,000,000 shares. Approximately 3.6% of the company's shares are short sold. Based on an average daily volume of 723,600 shares, the days-to-cover ratio is presently 2.2 days.

Insider Transactions at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now directly owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the 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 completion of the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.45% of the company's stock.

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Hedge Funds Weigh In On UMB Financial

Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock worth $91,114,000 after purchasing an additional 694,751 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of UMB Financial in the third quarter worth approximately $48,531,000. Freestone Grove Partners LP purchased a new stake in shares of UMB Financial during the fourth quarter worth approximately $48,235,000. Systematic Financial Management LP raised its stake in UMB Financial by 438.8% in the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank's stock valued at $33,693,000 after purchasing an additional 261,055 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in UMB Financial by 298.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank's stock worth $34,051,000 after purchasing an additional 225,908 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Stock Up 1.4 %

Shares of UMBF traded up $1.45 during mid-day trading on Wednesday, hitting $101.98. 331,248 shares of the company traded hands, compared to its average volume of 491,178. The company has a market capitalization of $7.41 billion, a PE ratio of 11.34 and a beta of 0.79. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average of $109.05 and a 200 day moving average of $112.48. UMB Financial has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results 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 return on equity of 13.73% and a net margin of 15.76%. During the same period last year, the company earned $2.29 EPS. Equities research analysts anticipate that UMB Financial will post 9.66 EPS for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $0.40 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.57%. UMB Financial's dividend payout ratio is presently 17.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UMBF shares. Royal Bank of Canada reissued a "sector perform" rating and set a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Citigroup reiterated a "neutral" rating and set a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. StockNews.com lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Tuesday, March 25th. Morgan Stanley lowered their price target on shares of UMB Financial from $156.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, Piper Sandler lifted their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, UMB Financial presently has a consensus rating of "Hold" and a consensus target price of $128.71.

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.