UMB Financial Co. (NASDAQ:UMBF) Short Interest Update

UMB Financial Co. (NASDAQ:UMBF) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 2,870,000 shares, a growth of 20.6% from the June 15th total of 2,380,000 shares. Based on an average daily volume of 436,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 6.3% of the shares of the stock are sold short.

UMB Financial Price Performance

Shares of NASDAQ:UMBF traded up $0.77 during mid-day trading on Friday, reaching $89.85. The stock had a trading volume of 442,981 shares, compared to its average volume of 375,642. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.12. The company has a market cap of $4.38 billion, a P/E ratio of 11.93 and a beta of 0.80. UMB Financial has a 1 year low of $57.91 and a 1 year high of $90.65. The business’s 50 day moving average price is $82.49 and its 200 day moving average price is $81.95.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Monday, April 29th. The bank reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.62. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. The business had revenue of $405.19 million for the quarter, compared to the consensus estimate of $369.80 million. Research analysts expect that UMB Financial will post 8.41 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were paid a $0.39 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.56 annualized dividend and a yield of 1.74%. UMB Financial’s dividend payout ratio (DPR) is currently 20.72%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UMBF shares. Wells Fargo & Company increased their price objective on UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $93.00 to $98.00 in a research report on Friday, May 31st. Barclays increased their target price on UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, June 24th. Finally, StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and an average price target of $93.67.

Insider Transactions at UMB Financial

In other news, CEO J Mariner Kemper sold 2,100 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $83.86, for a total value of $176,106.00. Following the completion of the transaction, the chief executive officer now directly owns 1,714,304 shares in the company, valued at approximately $143,761,533.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 22,952 shares of company stock worth $1,909,242. 8.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UMBF. Wellington Management Group LLP lifted its holdings in shares of UMB Financial by 73.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after purchasing an additional 1,095,630 shares during the last quarter. Norges Bank acquired a new stake in shares of UMB Financial during the 4th quarter valued at about $39,376,000. Vanguard Group Inc. grew its position in shares of UMB Financial by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after acquiring an additional 394,578 shares during the period. Victory Capital Management Inc. grew its position in shares of UMB Financial by 15.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock valued at $166,875,000 after acquiring an additional 265,399 shares during the period. Finally, GW&K Investment Management LLC acquired a new stake in UMB Financial in the 4th quarter worth about $20,367,000. Institutional investors own 87.78% of the company’s stock.

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.