UMB Financial Co. (NASDAQ:UMBF) Holdings Cut by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. reduced its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 13.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,098 shares of the bank’s stock after selling 170 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in UMB Financial were worth $92,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in UMB Financial by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after purchasing an additional 394,578 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of UMB Financial by 2.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock valued at $163,066,000 after buying an additional 49,690 shares in the last quarter. American Century Companies Inc. increased its holdings in UMB Financial by 6.8% in the second quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock worth $146,196,000 after buying an additional 111,090 shares during the last quarter. Dimensional Fund Advisors LP raised its position in UMB Financial by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after acquiring an additional 100,000 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in UMB Financial by 102.7% in the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after acquiring an additional 381,278 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on UMBF. Piper Sandler increased their price target on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Barclays upped their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company raised their target price on UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.33.

Insider Transactions at UMB Financial

In related news, Director Tamara Peterman purchased 396 shares of UMB Financial stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $99.56 per share, with a total value of $39,425.76. Following the acquisition, the director now directly owns 7,407 shares in the company, valued at $737,440.92. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Tamara Peterman acquired 396 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $99.56 per share, for a total transaction of $39,425.76. Following the acquisition, the director now owns 7,407 shares in the company, valued at approximately $737,440.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Amy Harris sold 736 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $95.05, for a total transaction of $69,956.80. Following the completion of the sale, the executive vice president now owns 2,899 shares of the company’s stock, valued at approximately $275,549.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,846 shares of company stock worth $3,135,439. Insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $104.10 on Friday. The firm has a market capitalization of $5.07 billion, a PE ratio of 13.82 and a beta of 0.78. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a 1 year low of $57.91 and a 1 year high of $109.42. The firm’s fifty day simple moving average is $100.04 and its 200 day simple moving average is $88.86.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. The business had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 earnings per share. On average, sell-side analysts anticipate that UMB Financial Co. will post 8.98 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.50%. UMB Financial’s dividend payout ratio is 20.72%.

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.