Global Alpha Capital Management Ltd. Has $58.04 Million Holdings in UMB Financial Co. (NASDAQ:UMBF)

Global Alpha Capital Management Ltd. boosted its holdings in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 552,159 shares of the bank's stock after purchasing an additional 9,400 shares during the period. UMB Financial makes up approximately 3.8% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 8th biggest position. Global Alpha Capital Management Ltd. owned about 1.13% of UMB Financial worth $58,037,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in shares of UMB Financial in the 1st quarter valued at approximately $252,000. Russell Investments Group Ltd. increased its stake in shares of UMB Financial by 1.9% during the 1st quarter. Russell Investments Group Ltd. now owns 30,016 shares of the bank's stock worth $2,611,000 after purchasing an additional 567 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of UMB Financial by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank's stock worth $409,321,000 after purchasing an additional 394,578 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of UMB Financial by 30.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,451 shares of the bank's stock worth $300,000 after purchasing an additional 809 shares during the last quarter. Finally, Pitcairn Co. increased its stake in shares of UMB Financial by 17.6% during the 1st quarter. Pitcairn Co. now owns 4,035 shares of the bank's stock worth $351,000 after purchasing an additional 604 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Price Performance

UMBF stock traded down $1.01 during trading on Wednesday, hitting $120.19. 198,755 shares of the stock traded hands, compared to its average volume of 366,021. UMB Financial Co. has a one year low of $69.96 and a one year high of $128.73. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 15.05 and a beta of 0.78. The company has a 50 day simple moving average of $109.60 and a 200 day simple moving average of $96.61. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million during the quarter, compared to analysts' expectations of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter last year, the company posted $2.02 EPS. Equities analysts expect that UMB Financial Co. will post 9.33 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. This is a boost from UMB Financial's previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. UMB Financial's payout ratio is currently 19.50%.

Insider Transactions at UMB Financial

In related news, Director Kris A. Robbins sold 5,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.50, for a total transaction of $512,500.00. Following the transaction, the director now directly owns 3,211 shares in the company, valued at approximately $329,127.50. The trade was a 60.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Greg M. Graves acquired 258 shares of the firm's stock in a transaction on Friday, November 1st. The stock was bought at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the completion of the acquisition, the director now owns 36,244 shares of the company's stock, valued at approximately $3,961,106.76. The trade was a 0.72 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 54,449 shares of company stock worth $5,724,799 in the last quarter. 8.85% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UMBF shares. Barclays raised their target price on shares of UMB Financial from $118.00 to $123.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Piper Sandler raised their target price on shares of UMB Financial from $102.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Citigroup began coverage on shares of UMB Financial in a research note on Thursday, October 10th. They issued a "buy" rating and a $127.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, UMB Financial has an average rating of "Moderate Buy" and an average target price of $115.00.

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.