R Squared Ltd Invests $117,000 in UMB Financial Co. (NASDAQ:UMBF)

R Squared Ltd purchased a new stake in UMB Financial Co. (NASDAQ:UMBF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,040 shares of the bank’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of UMB Financial in the 3rd quarter valued at approximately $26,000. Covestor Ltd lifted its position in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares during the last quarter. USA Financial Formulas boosted its stake in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after buying an additional 268 shares during the period. Point72 Asset Management L.P. bought a new position in UMB Financial during the third quarter valued at $83,000. Finally, Acropolis Investment Management LLC purchased a new stake in shares of UMB Financial in the third quarter valued at $156,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00. Following the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at $193,960,384.80. The trade was a 1.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Brian Beaird sold 854 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the sale, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.85% of the stock is currently owned by company insiders.

UMB Financial Stock Down 1.8 %

NASDAQ:UMBF opened at $120.30 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $5.87 billion, a PE ratio of 15.04 and a beta of 0.82. The company has a 50-day moving average of $119.10 and a 200 day moving average of $109.58. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the prior year, the firm earned $2.29 EPS. As a group, research analysts anticipate that UMB Financial Co. will post 9.23 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is 20.00%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UMBF. Barclays upped their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup assumed coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a “buy” rating and a $127.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.63.

UMB Financial 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.