UMB Financial Co. (NASDAQ:UMBF) Holdings Boosted by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. raised its stake in shares of UMB Financial Co. (NASDAQ:UMBF - Free Report) by 18.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 662,769 shares of the bank's stock after purchasing an additional 101,000 shares during the period. UMB Financial makes up approximately 4.5% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 5th biggest holding. Global Alpha Capital Management Ltd. owned about 1.37% of UMB Financial worth $55,374,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its stake in shares of UMB Financial by 20.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,366 shares of the bank's stock worth $532,000 after buying an additional 1,080 shares during the last quarter. Norges Bank purchased a new position in shares of UMB Financial in the 4th quarter worth approximately $39,376,000. Great Lakes Advisors LLC purchased a new position in shares of UMB Financial in the 4th quarter worth approximately $4,910,000. Quadrant Capital Group LLC boosted its stake in shares of UMB Financial by 42.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank's stock worth $229,000 after buying an additional 819 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in UMB Financial in the fourth quarter valued at approximately $283,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 7,920 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $80.37, for a total transaction of $636,530.40. Following the completion of the sale, the chief executive officer now directly owns 1,771,004 shares in the company, valued at $142,335,591.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Abigail M. Wendel sold 1,182 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $80.70, for a total transaction of $95,387.40. Following the completion of the sale, the insider now directly owns 15,217 shares in the company, valued at $1,228,011.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO J Mariner Kemper sold 7,920 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $80.37, for a total transaction of $636,530.40. Following the sale, the chief executive officer now owns 1,771,004 shares of the company's stock, valued at $142,335,591.48. The disclosure for this sale can be found here. Insiders sold a total of 26,114 shares of company stock worth $2,171,108 over the last three months. Company insiders own 8.85% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on UMBF shares. Barclays upgraded UMB Financial from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $91.00 to $95.00 in a research note on Tuesday, April 30th. Raymond James upped their price objective on UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a research note on Thursday, February 1st. StockNews.com raised shares of UMB Financial from a "sell" rating to a "hold" rating in a report on Saturday, March 16th. Wells Fargo & Company boosted their target price on shares of UMB Financial from $88.00 to $90.00 and gave the company an "equal weight" rating in a report on Tuesday, April 30th. Finally, Piper Sandler boosted their target price on shares of UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $92.00.

UMB Financial Price Performance

UMBF traded down $0.25 during trading on Tuesday, reaching $85.60. The stock had a trading volume of 473,900 shares, compared to its average volume of 313,330. The stock has a market cap of $4.17 billion, a PE ratio of 11.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a one year low of $56.00 and a one year high of $87.36. The business has a 50-day moving average of $82.32 and a 200-day moving average of $79.95.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its quarterly earnings results on Monday, April 29th. The bank reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.62. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. The business had revenue of $405.19 million during the quarter, compared to analyst estimates of $369.80 million. As a group, equities research analysts anticipate that UMB Financial Co. will post 8.41 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 10th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, June 10th. This represents a $1.56 annualized dividend and a yield of 1.82%. UMB Financial's payout ratio is 20.72%.

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.