Dynamic Technology Lab Private Ltd Increases Holdings in UMB Financial Corporation $UMBF

Dynamic Technology Lab Private Ltd boosted its stake in UMB Financial Corporation (NASDAQ:UMBF) by 660.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,070 shares of the bank’s stock after purchasing an additional 22,640 shares during the period. UMB Financial makes up about 0.5% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 15th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in UMB Financial were worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in UMBF. Alliancebernstein L.P. lifted its stake in shares of UMB Financial by 636.7% during the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after purchasing an additional 1,286,543 shares in the last quarter. Norges Bank acquired a new stake in shares of UMB Financial in the second quarter valued at about $93,829,000. State Street Corp grew its stake in shares of UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after buying an additional 313,414 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of UMB Financial during the 3rd quarter valued at about $29,484,000. Finally, WCM Investment Management LLC acquired a new position in UMB Financial during the 3rd quarter worth approximately $21,778,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Price Performance

UMBF stock opened at $113.49 on Friday. The stock’s 50 day moving average is $123.37 and its two-hundred day moving average is $118.38. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $136.11. The company has a market capitalization of $8.64 billion, a PE ratio of 12.43, a P/E/G ratio of 0.81 and a beta of 0.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. The business had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.49 earnings per share. Analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s dividend payout ratio is 18.84%.

Insiders Place Their Bets

In other UMB Financial news, Director Kevin Charles Gallagher sold 388 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total transaction of $50,168.40. Following the completion of the transaction, the director directly owned 12,488 shares of the company’s stock, valued at $1,614,698.40. This trade represents a 3.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Mariner Kemper sold 15,367 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the completion of the sale, the chief executive officer owned 1,521,414 shares in the company, valued at approximately $174,323,616.12. This trade represents a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,469 shares of company stock valued at $4,218,998 in the last ninety days. Corporate insiders own 5.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UMBF shares. Citigroup upped their price target on UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Barclays reissued an “overweight” rating and set a $160.00 target price on shares of UMB Financial in a research report on Thursday, January 29th. Royal Bank Of Canada set a $134.00 target price on shares of UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. Morgan Stanley raised their price target on shares of UMB Financial from $154.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Finally, TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a research note on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $141.18.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.