Y Intercept Hong Kong Ltd Invests $748,000 in UMB Financial Co. (NASDAQ:UMBF)

Y Intercept Hong Kong Ltd bought a new stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,624 shares of the bank's stock, valued at approximately $748,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd lifted its stake in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after buying an additional 102 shares in the last quarter. USA Financial Formulas grew its holdings in shares of UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock worth $55,000 after purchasing an additional 268 shares during the period. Point72 Asset Management L.P. acquired a new position in UMB Financial in the third quarter valued at about $83,000. Venturi Wealth Management LLC purchased a new position in UMB Financial during the fourth quarter worth about $96,000. Finally, R Squared Ltd purchased a new stake in shares of UMB Financial in the 4th quarter valued at approximately $117,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 3,500 shares of the business's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares of the company's stock, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Charles Gallagher sold 527 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was 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. This trade represents a 3.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.85% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price target on the stock. Royal Bank of Canada restated a "sector perform" rating and set a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Barclays upped their target price on UMB Financial from $123.00 to $139.00 and gave the company an "overweight" rating in a research report on Thursday, December 5th. Finally, Piper Sandler raised their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $130.14.

UMB Financial Stock Performance

NASDAQ UMBF traded down $2.66 during trading hours on Tuesday, hitting $106.01. 375,622 shares of the stock were exchanged, compared to its average volume of 441,292. 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 company has a market cap of $5.17 billion, a price-to-earnings ratio of 11.79 and a beta of 0.82. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. The stock has a 50-day moving average of $114.34 and a 200 day moving average of $112.41.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted $2.29 earnings per share. As a group, equities research analysts forecast that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.51%. UMB Financial's payout ratio is currently 17.80%.

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.