Global Alpha Capital Management Ltd. Has $47.63 Million Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Global Alpha Capital Management Ltd. decreased its stake in UMB Financial Co. (NASDAQ:UMBF - Free Report) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 422,023 shares of the bank's stock after selling 130,136 shares during the period. UMB Financial accounts for about 3.5% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 5th biggest position. Global Alpha Capital Management Ltd. owned about 0.86% of UMB Financial worth $47,630,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of UMB Financial by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank's stock worth $117,139,000 after acquiring an additional 21,091 shares during the period. FMR LLC increased its stake in shares of UMB Financial by 2.7% in the third quarter. FMR LLC now owns 949,687 shares of the bank's stock worth $99,822,000 after purchasing an additional 24,799 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after purchasing an additional 694,751 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of UMB Financial by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 580,174 shares of the bank's stock valued at $60,982,000 after buying an additional 24,124 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in UMB Financial in the 3rd quarter worth approximately $48,531,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UMBF shares. Royal Bank of Canada restated a "sector perform" rating and set a $128.00 target price on shares of UMB Financial in a research report on Thursday, January 30th. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They issued an "overweight" rating and a $156.00 target price for the company. Piper Sandler upped their price target on UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Citigroup reaffirmed a "neutral" rating and set a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Finally, Barclays upped their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, UMB Financial presently has an average rating of "Moderate Buy" and a consensus target price of $130.14.

UMB Financial Trading Up 1.0 %

UMBF stock traded up $0.99 during trading on Wednesday, hitting $98.99. 567,267 shares of the company traded hands, compared to its average volume of 454,651. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50-day moving average of $112.82 and a 200-day moving average of $112.53. The firm has a market capitalization of $7.19 billion, a PE ratio of 11.01 and a beta of 0.79. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the business earned $2.29 EPS. Analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, March 10th. UMB Financial's payout ratio is 17.80%.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the sale, the director now directly owns 13,010 shares of the company's stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares of the company's stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.85% of the company's stock.

About UMB Financial

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.