Hussman Strategic Advisors Inc. Lowers Stake in UMB Financial Co. (NASDAQ:UMBF)

Hussman Strategic Advisors Inc. reduced its holdings in shares of UMB Financial Co. (NASDAQ:UMBF) by 46.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,800 shares of the bank’s stock after selling 14,700 shares during the period. Hussman Strategic Advisors Inc.’s holdings in UMB Financial were worth $1,896,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Covestor Ltd increased its stake in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after purchasing an additional 102 shares in the last quarter. USA Financial Formulas increased its stake in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in UMB Financial during the 3rd quarter valued at about $83,000. Venturi Wealth Management LLC bought a new stake in UMB Financial during the 4th quarter valued at about $96,000. Finally, R Squared Ltd bought a new stake in UMB Financial during the 4th quarter valued at about $117,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares of the company’s stock, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction that occurred on Monday, December 2nd. The shares were 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. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.85% of the company’s stock.

UMB Financial Stock Performance

UMBF opened at $113.02 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 12.57 and a beta of 0.82. The company’s 50 day moving average is $115.87 and its 200 day moving average is $111.44. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the business earned $2.29 EPS. On average, equities research analysts predict that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio is currently 17.80%.

Analysts Set New Price Targets

A number of analysts have weighed in on UMBF shares. Morgan Stanley started coverage on shares of UMB Financial in a research note on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective for the company. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Piper Sandler lifted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Barclays lifted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $130.14.

About UMB Financial

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.