UMB Financial Corporation $UMBF Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. decreased its holdings in UMB Financial Corporation (NASDAQ:UMBF) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 632,216 shares of the bank’s stock after selling 11,628 shares during the period. UMB Financial comprises approximately 4.4% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 3rd largest position. Global Alpha Capital Management Ltd.’s holdings in UMB Financial were worth $72,730,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Torren Management LLC acquired a new position in shares of UMB Financial in the fourth quarter worth $37,000. EverSource Wealth Advisors LLC boosted its position in shares of UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after acquiring an additional 267 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of UMB Financial by 419.2% during the 4th quarter. Global Retirement Partners LLC now owns 405 shares of the bank’s stock worth $47,000 after acquiring an additional 327 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of UMB Financial by 72.8% during the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock worth $50,000 after acquiring an additional 177 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of UMB Financial by 88.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock worth $50,000 after acquiring an additional 199 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Trading Up 0.9%

Shares of UMBF opened at $129.92 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average is $124.27 and its two-hundred day moving average is $120.66. UMB Financial Corporation has a twelve month low of $98.16 and a twelve month high of $136.11. The firm has a market capitalization of $9.87 billion, a P/E ratio of 11.53, a PEG ratio of 0.88 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.59. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The company had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. During the same period in the prior year, the business posted $2.58 earnings per share. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, research analysts predict that UMB Financial Corporation will post 12.76 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.43 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio is currently 15.26%.

Wall Street Analysts Forecast Growth

UMBF has been the subject of several analyst reports. Piper Sandler upped their price objective on UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their price objective on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings raised UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Hovde Group upped their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, UMB Financial presently has a consensus rating of “Buy” and a consensus price target of $145.55.

About UMB Financial

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.