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

UMB Financial Co. (NASDAQ:UMBF) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 2,280,000 shares, a decrease of 44.5% from the January 31st total of 4,110,000 shares. Based on an average daily trading volume, of 617,200 shares, the short-interest ratio is presently 3.7 days.

UMB Financial Stock Up 1.5 %

UMB Financial stock opened at $110.33 on Friday. UMB Financial has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 12.27 and a beta of 0.82. The stock’s fifty day moving average is $114.45 and its two-hundred day moving average is $112.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last issued 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 period in the previous year, the business posted $2.29 EPS. Analysts predict that UMB Financial will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is currently 17.80%.

Insider Transactions at UMB Financial

In other news, Director Kevin Charles Gallagher sold 527 shares of the company’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 transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the completion of the transaction, the chief executive officer now owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,327 shares of company stock worth $3,476,567. Company insiders own 8.85% of the company’s stock.

Hedge Funds Weigh In On UMB Financial

Several hedge funds have recently bought and sold shares of UMBF. Covestor Ltd boosted its stake 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 acquiring an additional 102 shares during the last quarter. USA Financial Formulas boosted its stake 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 last quarter. Point72 Asset Management L.P. acquired a new stake in shares of UMB Financial during the 3rd quarter worth about $83,000. Venturi Wealth Management LLC purchased a new stake in shares of UMB Financial during the fourth quarter worth about $96,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of UMB Financial in the fourth quarter valued at approximately $103,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Piper Sandler lifted their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Barclays increased their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.14.

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.