UMB Financial Corporation $UMBF Shares Sold by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in UMB Financial Corporation by 60.8%, selling 3,624 shares and now owning only 2,336 shares valued at $236,000.
• Institutional investors currently hold 87.78% of UMB Financial's stock, with Vanguard Group Inc. significantly increasing their stake by 54% during the same quarter.
• UMB Financial reported a 76.7% year-over-year revenue growth, achieving $689.21 million in revenue and earnings per share of $2.96, exceeding expectations.

Advantage Alpha Capital Partners LP lowered its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 60.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,336 shares of the bank's stock after selling 3,624 shares during the period. Advantage Alpha Capital Partners LP's holdings in UMB Financial were worth $236,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in UMBF. Brooklyn Investment Group raised its stake in shares of UMB Financial by 4,840.0% during the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock valued at $25,000 after purchasing an additional 242 shares during the period. Rothschild Investment LLC raised its stake in shares of UMB Financial by 442.0% during the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after purchasing an additional 221 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of UMB Financial during the first quarter valued at approximately $27,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of UMB Financial during the first quarter valued at approximately $35,000. Finally, Neo Ivy Capital Management purchased a new stake in shares of UMB Financial during the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Insider Transactions at UMB Financial

In other news, insider Robert Brian Beaird sold 1,205 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $116.17, for a total transaction of $139,984.85. Following the completion of the transaction, the insider owned 10,147 shares of the company's stock, valued at approximately $1,178,776.99. The trade was a 10.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Phillip James Mason sold 750 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $120.97, for a total transaction of $90,727.50. Following the transaction, the insider directly owned 8,815 shares of the company's stock, valued at approximately $1,066,350.55. This trade represents a 7.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,390 shares of company stock valued at $2,765,819 over the last quarter. Insiders own 5.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James Financial raised their price target on shares of UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of UMB Financial from $120.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Piper Sandler raised their price target on shares of UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada raised their price target on shares of UMB Financial from $115.00 to $122.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Finally, Truist Financial raised their price target on shares of UMB Financial from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $132.11.

UMB Financial Stock Performance

UMB Financial stock traded up $2.16 during mid-day trading on Tuesday, reaching $122.72. The company's stock had a trading volume of 597,178 shares, compared to its average volume of 659,650. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.38 and a beta of 0.77. The business has a 50 day moving average price of $108.47 and a 200-day moving average price of $103.66. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. The firm had revenue of $689.21 million during the quarter, compared to the consensus estimate of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The firm's revenue was up 76.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.16 earnings per share. Sell-side analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, September 10th. UMB Financial's payout ratio is currently 18.39%.

UMB Financial 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.