1,040 Shares in UMB Financial Co. (NASDAQ:UMBF) Bought by R Squared Ltd

R Squared Ltd purchased a new stake in shares of UMB Financial Co. (NASDAQ:UMBF) during the 4th quarter, HoldingsChannel reports. The firm purchased 1,040 shares of the bank’s stock, valued at approximately $117,000.

Other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in UMB Financial in the third quarter valued at approximately $26,000. Covestor Ltd lifted its stake in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the period. USA Financial Formulas boosted its holdings in shares of UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of UMB Financial during the third quarter worth $83,000. Finally, Acropolis Investment Management LLC acquired a new position in UMB Financial during the third quarter valued at $156,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Stock Down 1.8 %

UMBF stock opened at $120.30 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 52 week low of $76.00 and a 52 week high of $129.94. The stock has a market capitalization of $5.87 billion, a P/E ratio of 15.04 and a beta of 0.82. The firm has a 50-day simple moving average of $119.10 and a 200-day simple moving average of $109.58.

UMB Financial (NASDAQ:UMBF) last announced 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 13.80% and a net margin of 14.44%. During the same quarter in the previous year, the company earned $2.29 earnings per share. Equities analysts forecast that UMB Financial Co. will post 9.23 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s payout ratio is 20.00%.

Insider Transactions at UMB Financial

In related news, CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction that occurred 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 completion of 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 trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of several analyst reports. Barclays boosted their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Piper Sandler lifted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday. Royal Bank of Canada restated a “sector perform” rating and set a $128.00 price target on shares of UMB Financial in a research report on Thursday. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Morgan Stanley assumed coverage on UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $126.63.

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.