UMB Financial Corporation (NASDAQ:UMBF) is Global Alpha Capital Management Ltd.'s 5th Largest Position

Key Points

• Global Alpha Capital Management Ltd. increased its holdings in UMB Financial Corporation by 21.1% in the first quarter, now owning 511,137 shares valued at approximately $51.68 million.
• UMB Financial recently reported earnings of $2.96 per share, exceeding analyst expectations of $2.35, with revenue increasing by 76.7% year-over-year to $689.21 million.
• The company has announced a quarterly dividend of $0.40 per share, with an annualized yield of 1.5%, reflecting an 18.39% payout ratio.

Global Alpha Capital Management Ltd. boosted its position in shares of UMB Financial Corporation (NASDAQ:UMBF - Free Report) by 21.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511,137 shares of the bank's stock after acquiring an additional 89,114 shares during the period. UMB Financial accounts for 3.8% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 5th biggest holding. Global Alpha Capital Management Ltd. owned approximately 0.67% of UMB Financial worth $51,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UMBF. LPL Financial LLC raised its position in shares of UMB Financial by 171.6% during the fourth quarter. LPL Financial LLC now owns 20,329 shares of the bank's stock valued at $2,294,000 after buying an additional 12,845 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of UMB Financial by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 51,929 shares of the bank's stock valued at $5,861,000 after buying an additional 7,318 shares during the last quarter. Bank of Montreal Can raised its position in shares of UMB Financial by 16.5% during the fourth quarter. Bank of Montreal Can now owns 6,270 shares of the bank's stock valued at $708,000 after buying an additional 886 shares during the last quarter. Invesco Ltd. raised its position in shares of UMB Financial by 31.4% during the fourth quarter. Invesco Ltd. now owns 309,980 shares of the bank's stock valued at $34,984,000 after buying an additional 74,038 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of UMB Financial by 28.8% during the fourth quarter. Covestor Ltd now owns 555 shares of the bank's stock valued at $63,000 after buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

UMB Financial Price Performance

UMBF stock traded up $4.75 during trading on Tuesday, reaching $114.55. 549,062 shares of the company were exchanged, compared to its average volume of 665,997. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94. The company has a 50-day moving average of $105.59 and a two-hundred day moving average of $103.57. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.25 and a beta of 0.77.

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

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, September 10th. UMB Financial's payout ratio is currently 18.39%.

Analyst Ratings Changes

A number of research analysts have recently commented on UMBF shares. Piper Sandler upped their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Barclays upped their target price on shares of UMB Financial from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Truist Financial upped their target price on shares of UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Raymond James Financial upped their target price on shares of UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $132.11.

Insider Transactions at UMB Financial

In related news, Director Greg M. Graves purchased 261 shares of the business's stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $107.58 per share, with a total value of $28,078.38. Following the completion of the acquisition, the director directly owned 37,800 shares of the company's stock, valued at approximately $4,066,524. The trade was a 0.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO J Mariner Kemper sold 5,412 shares of UMB Financial stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total transaction of $550,995.72. Following the sale, the chief executive officer owned 288,945 shares of the company's stock, valued at approximately $29,417,490.45. The trade was a 1.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.45% of the company's stock.

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.