UMB Financial Co. (NASDAQ:UMBF) Short Interest Up 76.5% in May

UMB Financial Co. (NASDAQ:UMBF – Get Rating) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 2,030,000 shares, a growth of 76.5% from the April 30th total of 1,150,000 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 538,700 shares, the days-to-cover ratio is presently 3.8 days.

UMB Financial Trading Up 0.0 %

UMB Financial stock traded up $0.01 during mid-day trading on Friday, hitting $59.34. The company’s stock had a trading volume of 68,408 shares, compared to its average volume of 424,669. The firm has a market capitalization of $2.88 billion, a PE ratio of 6.90 and a beta of 0.77. UMB Financial has a 1 year low of $50.68 and a 1 year high of $99.19. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $58.64 and its two-hundred day moving average is $75.63.

UMB Financial (NASDAQ:UMBF – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The bank reported $1.91 EPS for the quarter, meeting the consensus estimate of $1.91. The business had revenue of $371.90 million during the quarter, compared to analyst estimates of $371.44 million. UMB Financial had a net margin of 22.22% and a return on equity of 15.73%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.17 earnings per share. On average, analysts anticipate that UMB Financial will post 7.64 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Monday, June 12th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 9th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.56%. UMB Financial’s payout ratio is 17.67%.

Insiders Place Their Bets

In other UMB Financial news, Director Kris A. Robbins bought 500 shares of the company’s stock in a transaction on Monday, March 13th. The stock was acquired at an average price of $57.12 per share, for a total transaction of $28,560.00. Following the completion of the transaction, the director now directly owns 2,910 shares of the company’s stock, valued at $166,219.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO J Mariner Kemper sold 1,204 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $88.29, for a total transaction of $106,301.16. Following the completion of the transaction, the chief executive officer now owns 1,913,888 shares in the company, valued at approximately $168,977,171.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kris A. Robbins bought 500 shares of UMB Financial stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average cost of $57.12 per share, for a total transaction of $28,560.00. Following the completion of the transaction, the director now directly owns 2,910 shares in the company, valued at $166,219.20. The disclosure for this purchase can be found here. 9.77% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. California Public Employees Retirement System increased its holdings in UMB Financial by 3.9% in the fourth quarter. California Public Employees Retirement System now owns 108,211 shares of the bank’s stock valued at $9,038,000 after buying an additional 4,098 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of UMB Financial by 9.5% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 7,921 shares of the bank’s stock worth $662,000 after purchasing an additional 690 shares in the last quarter. Dimensional Fund Advisors LP increased its position in UMB Financial by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,084,657 shares of the bank’s stock worth $91,428,000 after purchasing an additional 10,651 shares in the last quarter. Keybank National Association OH increased its position in UMB Financial by 2.1% during the 4th quarter. Keybank National Association OH now owns 8,815 shares of the bank’s stock worth $736,000 after purchasing an additional 185 shares in the last quarter. Finally, Swiss National Bank grew its stake in UMB Financial by 1.7% in the 4th quarter. Swiss National Bank now owns 110,800 shares of the bank’s stock worth $9,254,000 after acquiring an additional 1,800 shares during the period. Hedge funds and other institutional investors own 87.42% of the company’s stock.

Analyst Ratings Changes

UMBF has been the topic of several research analyst reports. Piper Sandler raised their price objective on UMB Financial from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, January 26th. Raymond James boosted their price target on shares of UMB Financial from $73.00 to $77.00 in a report on Thursday, April 27th. Janney Montgomery Scott lowered UMB Financial from a “buy” rating to a “neutral” rating and set a $94.00 price objective for the company. in a research note on Thursday, January 26th. They noted that the move was a valuation call. StockNews.com started coverage on UMB Financial in a research note on Thursday, May 18th. They set a “sell” rating for the company. Finally, Wells Fargo & Company dropped their target price on shares of UMB Financial from $95.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, April 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.80.

UMB Financial Company Profile

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UMB Financial Corp. engages in the provision of bank and asset services. It operates through the following segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets, and treasury management needs of the company’s mid-market businesses and governmental entities by offering various products and services.