Headlands Technologies LLC Acquires 7,218 Shares of UMB Financial Co. (NASDAQ:UMBF)

Headlands Technologies LLC boosted its stake in shares of UMB Financial Co. (NASDAQ:UMBF) by 510.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,632 shares of the bank’s stock after acquiring an additional 7,218 shares during the period. Headlands Technologies LLC’s holdings in UMB Financial were worth $974,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. OLD Mission Capital LLC purchased a new position in UMB Financial during the fourth quarter worth $3,290,000. Franklin Resources Inc. boosted its position in shares of UMB Financial by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 308,544 shares of the bank’s stock valued at $34,822,000 after buying an additional 26,186 shares during the period. Wellington Management Group LLP grew its position in UMB Financial by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 2,021,285 shares of the bank’s stock valued at $228,122,000 after acquiring an additional 102,104 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of UMB Financial by 7.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,200 shares of the bank’s stock worth $1,038,000 after purchasing an additional 653 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of UMB Financial by 9.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 3,603 shares of the bank’s stock valued at $397,000 after purchasing an additional 304 shares during the period. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Piper Sandler upped their target price on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. Morgan Stanley lowered their target price on UMB Financial from $156.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. StockNews.com downgraded UMB Financial from a “hold” rating to a “sell” rating in a report on Tuesday, March 25th. Finally, Barclays raised their price objective on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $128.71.

UMB Financial Stock Performance

Shares of UMBF stock opened at $101.98 on Thursday. The business has a fifty day moving average of $108.68 and a 200 day moving average of $112.41. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 11.34 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last issued 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 13.73% and a net margin of 15.76%. During the same period last year, the company earned $2.29 EPS. As a group, research analysts expect 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 was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.57%. The ex-dividend date was Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 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.