D. E. Shaw & Co. Inc. Sells 60,253 Shares of UMB Financial Co. (NASDAQ:UMBF)

D. E. Shaw & Co. Inc. reduced its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 93.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,555 shares of the bank’s stock after selling 60,253 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in UMB Financial were worth $514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UMBF. Covestor Ltd raised its stake in shares of UMB Financial by 28.8% during the 4th quarter. Covestor Ltd now owns 555 shares of the bank’s stock worth $63,000 after purchasing an additional 124 shares during the period. Venturi Wealth Management LLC purchased a new stake in UMB Financial during the fourth quarter worth about $96,000. Steward Partners Investment Advisory LLC bought a new stake in UMB Financial in the fourth quarter worth about $103,000. R Squared Ltd purchased a new position in UMB Financial in the fourth quarter valued at about $117,000. Finally, HighTower Advisors LLC purchased a new position in UMB Financial in the fourth quarter valued at about $201,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UMBF. Bank of America assumed coverage on shares of UMB Financial in a research note on Wednesday, April 16th. They set a “buy” rating and a $105.00 price target for the company. Wells Fargo & Company boosted their target price on UMB Financial from $105.00 to $110.00 and gave the company an “equal weight” rating in a research note on Thursday, May 1st. Morgan Stanley dropped their price target on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Barclays decreased their price objective on UMB Financial from $139.00 to $125.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Wall Street Zen cut UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.33.

UMB Financial Stock Down 0.6%

NASDAQ:UMBF opened at $101.50 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $7.71 billion, a P/E ratio of 11.29 and a beta of 0.72. UMB Financial Co. has a fifty-two week low of $78.56 and a fifty-two week high of $129.94. The firm has a 50-day simple moving average of $98.10 and a two-hundred day simple moving average of $109.54.

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

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Tuesday, June 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.13%.

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.