Systematic Financial Management LP Increases Stake in UMB Financial Co. (NASDAQ:UMBF)

Systematic Financial Management LP boosted its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 325,242 shares of the bank’s stock after purchasing an additional 4,692 shares during the quarter. Systematic Financial Management LP’s holdings in UMB Financial were worth $36,707,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UMBF. Freestone Grove Partners LP purchased a new stake in UMB Financial during the 4th quarter valued at about $48,235,000. Adage Capital Partners GP L.L.C. grew its position in UMB Financial by 298.0% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 301,708 shares of the bank’s stock valued at $34,051,000 after purchasing an additional 225,908 shares during the last quarter. Point72 Asset Management L.P. grew its position in UMB Financial by 22,173.3% during the 4th quarter. Point72 Asset Management L.P. now owns 176,627 shares of the bank’s stock valued at $19,934,000 after purchasing an additional 175,834 shares during the last quarter. Barclays PLC grew its position in UMB Financial by 278.8% during the 3rd quarter. Barclays PLC now owns 231,482 shares of the bank’s stock valued at $24,329,000 after purchasing an additional 170,375 shares during the last quarter. Finally, Norges Bank bought a new position in UMB Financial during the 4th quarter valued at about $15,835,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other UMB Financial news, CEO J Mariner Kemper sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.45% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of UMB Financial from $139.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Citigroup reaffirmed a “neutral” rating and set a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Wells Fargo & Company raised their price target on shares of UMB Financial from $105.00 to $110.00 and gave the company an “equal weight” rating in a report on Thursday, May 1st. Truist Financial initiated coverage on shares of UMB Financial in a report on Tuesday. They set a “buy” rating and a $120.00 price target on the stock. Finally, Royal Bank of Canada dropped their price target on shares of UMB Financial from $128.00 to $115.00 and set a “sector perform” rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.33.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $107.05 on Friday. The firm’s 50 day moving average price is $97.78 and its 200-day moving average price is $109.93. UMB Financial Co. has a twelve month low of $78.56 and a twelve month high of $129.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $8.13 billion, a PE ratio of 11.91 and a beta of 0.72.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.37. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The firm had revenue of $563.84 million for the quarter, compared to analysts’ expectations of $555.79 million. During the same quarter in the prior year, the business earned $2.47 EPS. The business’s quarterly revenue was up 41.4% on a year-over-year basis. Equities research analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, June 10th. UMB Financial’s payout ratio is 20.13%.

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.