Advantage Alpha Capital Partners LP Reduces Stock Holdings in UMB Financial Corporation $UMBF

Advantage Alpha Capital Partners LP reduced its holdings in shares of UMB Financial Corporation (NASDAQ:UMBF) by 60.8% in the first quarter, Holdings Channel.com reports. The fund owned 2,336 shares of the bank’s stock after selling 3,624 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in UMB Financial were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UMBF. Brooklyn Investment Group lifted its stake in shares of UMB Financial by 4,840.0% during the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank’s stock worth $25,000 after acquiring an additional 242 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of UMB Financial by 442.0% in the 1st quarter. Rothschild Investment LLC now owns 271 shares of the bank’s stock valued at $27,000 after acquiring an additional 221 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in UMB Financial during the 1st quarter valued at about $27,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in UMB Financial during the 1st quarter valued at about $35,000. Finally, Neo Ivy Capital Management acquired a new position in UMB Financial during the 1st quarter valued at about $42,000. 87.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other UMB Financial news, insider Stacy H. King sold 1,500 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $118.88, for a total value of $178,320.00. Following the sale, the insider directly owned 9,472 shares in the company, valued at $1,126,031.36. This trade represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Brian Beaird sold 1,205 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $116.17, for a total value of $139,984.85. Following the completion of the sale, the insider owned 10,147 shares in the company, valued at approximately $1,178,776.99. This represents a 10.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,640 shares of company stock valued at $2,675,091 in the last three months. 5.45% of the stock is currently owned by insiders.

UMB Financial Trading Up 5.6%

UMBF opened at $121.59 on Friday. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94. The business has a fifty day simple moving average of $108.05 and a 200-day simple moving average of $103.75. The firm has a market cap of $9.23 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.31 and a beta of 0.77. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%.The business had revenue of $689.21 million during the quarter, compared to analyst estimates of $638.25 million. During the same period last year, the business posted $2.16 earnings per share. The company’s quarterly revenue was up 76.7% on a year-over-year basis. On average, equities analysts expect that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, September 10th. UMB Financial’s dividend payout ratio (DPR) is presently 18.39%.

Wall Street Analyst Weigh In

Several analysts have weighed in on UMBF shares. Raymond James Financial boosted their price target on UMB Financial from $135.00 to $138.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 31st. Barclays upped their target price on UMB Financial from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Truist Financial upped their price target on UMB Financial from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Royal Bank Of Canada upped their price target on UMB Financial from $115.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Finally, Wall Street Zen cut UMB Financial from a “hold” rating to a “sell” rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $132.11.

UMB Financial Company Profile

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.