Short Interest in UMB Financial Corp (NASDAQ:UMBF) Expands By 8.0%

UMB Financial Corp (NASDAQ:UMBF) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,516,600 shares, a growth of 8.0% from the June 30th total of 1,404,400 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average daily trading volume, of 219,100 shares, the short-interest ratio is presently 6.9 days.

Several equities analysts recently weighed in on UMBF shares. Stephens set a $74.00 price objective on shares of UMB Financial and gave the company a “buy” rating in a report on Tuesday, April 23rd. Zacks Investment Research lowered shares of UMB Financial from a “buy” rating to a “hold” rating and set a $69.00 price objective on the stock. in a report on Tuesday, July 2nd. Finally, BidaskClub upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $71.00.

Shares of NASDAQ:UMBF opened at $62.55 on Friday. UMB Financial has a 52 week low of $57.00 and a 52 week high of $77.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $3.20 billion, a PE ratio of 15.52, a PEG ratio of 1.93 and a beta of 0.91. The company has a 50 day moving average price of $65.35 and a two-hundred day moving average price of $65.94.



UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 30th. The bank reported $1.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. UMB Financial had a net margin of 16.17% and a return on equity of 8.68%. The firm had revenue of $271.80 million during the quarter, compared to the consensus estimate of $271.47 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts forecast that UMB Financial will post 4.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Monday, September 9th. UMB Financial’s payout ratio is presently 29.78%.

In related news, Chairman J Mariner Kemper sold 3,145 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $65.64, for a total value of $206,437.80. Following the transaction, the chairman now directly owns 188,862 shares in the company, valued at $12,396,901.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.45% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Champlain Investment Partners LLC increased its stake in UMB Financial by 6.3% in the first quarter. Champlain Investment Partners LLC now owns 1,504,115 shares of the bank’s stock valued at $96,324,000 after purchasing an additional 88,905 shares in the last quarter. Wells Fargo & Company MN increased its stake in UMB Financial by 7.2% in the second quarter. Wells Fargo & Company MN now owns 1,381,889 shares of the bank’s stock valued at $90,957,000 after purchasing an additional 93,230 shares in the last quarter. Victory Capital Management Inc. increased its stake in UMB Financial by 0.9% in the second quarter. Victory Capital Management Inc. now owns 1,331,469 shares of the bank’s stock valued at $87,637,000 after purchasing an additional 12,220 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in UMB Financial by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,255,563 shares of the bank’s stock valued at $76,552,000 after purchasing an additional 48,221 shares in the last quarter. Finally, Northern Trust Corp increased its stake in UMB Financial by 1.2% in the second quarter. Northern Trust Corp now owns 1,239,960 shares of the bank’s stock valued at $81,614,000 after purchasing an additional 14,495 shares in the last quarter. 86.84% of the stock is owned by hedge funds and other institutional investors.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.

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