UMB Financial Corporation $UMBF Position Cut by Brant Point Investment Management LLC

Brant Point Investment Management LLC reduced its position in shares of UMB Financial Corporation (NASDAQ:UMBF) by 18.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,054 shares of the bank’s stock after selling 10,000 shares during the period. UMB Financial comprises about 0.6% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 27th biggest holding. Brant Point Investment Management LLC’s holdings in UMB Financial were worth $5,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UMBF. Royal Bank of Canada boosted its stake in UMB Financial by 28.2% during the 1st quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after purchasing an additional 9,417 shares in the last quarter. NewEdge Advisors LLC boosted its stake in UMB Financial by 47.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock valued at $570,000 after purchasing an additional 1,803 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in UMB Financial by 65.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock valued at $21,017,000 after purchasing an additional 82,083 shares in the last quarter. Jane Street Group LLC boosted its stake in UMB Financial by 161.7% during the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock valued at $5,043,000 after purchasing an additional 30,820 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in UMB Financial by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock valued at $445,000 after purchasing an additional 269 shares in the last quarter. 87.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UMBF. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Barclays increased their price target on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Hovde Group increased their price target on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada increased their price target on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Morgan Stanley decreased their price target on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $145.55.

Insiders Place Their Bets

In other news, President James D. Rine sold 8,246 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the completion of the sale, the president owned 61,446 shares in the company, valued at $8,147,125.14. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Charles Gallagher sold 381 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total value of $50,627.28. Following the completion of the sale, the director owned 12,223 shares of the company’s stock, valued at $1,624,192.24. The trade was a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.33% of the stock is owned by corporate insiders.

UMB Financial Trading Up 2.2%

NASDAQ:UMBF opened at $135.37 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 1-year low of $98.16 and a 1-year high of $136.11. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 0.92 and a beta of 0.78. The stock has a fifty day simple moving average of $126.33 and a 200 day simple moving average of $121.61.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business had revenue of $739.16 million during the quarter, compared to analyst estimates of $701.79 million. During the same quarter last year, the company posted $2.58 EPS. UMB Financial’s revenue for the quarter was up 31.1% on a year-over-year basis. Sell-side analysts forecast that UMB Financial Corporation will post 12.8 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a $0.43 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is 15.26%.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.