Brant Point Investment Management LLC Purchases 14,599 Shares of UMB Financial Corporation $UMBF

Brant Point Investment Management LLC grew its position in UMB Financial Corporation (NASDAQ:UMBF) by 32.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,054 shares of the bank’s stock after purchasing an additional 14,599 shares during the period. UMB Financial comprises about 0.7% of Brant Point Investment Management LLC’s portfolio, making the stock its 20th largest position. Brant Point Investment Management LLC owned approximately 0.08% of UMB Financial worth $6,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UMBF. FORA Capital LLC bought a new position in shares of UMB Financial during the first quarter worth about $307,000. Focus Partners Advisor Solutions LLC bought a new stake in UMB Financial in the 1st quarter valued at approximately $2,538,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in UMB Financial by 41.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,344 shares of the bank’s stock worth $6,101,000 after acquiring an additional 17,696 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of UMB Financial by 196.5% during the 1st quarter. HighTower Advisors LLC now owns 5,272 shares of the bank’s stock worth $533,000 after acquiring an additional 3,494 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of UMB Financial by 86.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,288 shares of the bank’s stock worth $1,082,000 after acquiring an additional 4,756 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Insider Transactions at UMB Financial

In related news, Director Kevin Charles Gallagher sold 460 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $110.71, for a total transaction of $50,926.60. Following the transaction, the director directly owned 12,090 shares of the company’s stock, valued at approximately $1,338,483.90. The trade was a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nikki Farentino Newton sold 1,300 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $106.09, for a total value of $137,917.00. Following the sale, the insider directly owned 13,667 shares of the company’s stock, valued at $1,449,932.03. This represents a 8.69% decrease in their position. The SEC filing for this sale provides additional information. 5.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Truist Financial lifted their price target on shares of UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Hovde Group started coverage on shares of UMB Financial in a research report on Monday, October 6th. They set an “outperform” rating on the stock. Cowen began coverage on shares of UMB Financial in a research note on Wednesday, September 24th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada raised UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 target price on the stock in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

UMB Financial Stock Performance

Shares of UMBF opened at $114.94 on Monday. The company has a market cap of $8.73 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.15 and a beta of 0.78. The firm has a 50-day moving average of $111.85 and a 200-day moving average of $111.15. UMB Financial Corporation has a one year low of $82.00 and a one year high of $126.14. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The business had revenue of $678.34 million during the quarter, compared to the consensus estimate of $661.60 million. During the same period last year, the business posted $2.25 EPS. UMB Financial’s revenue was up 67.0% on a year-over-year basis. As a group, equities analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s dividend payout ratio is presently 18.12%.

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.