Advantage Alpha Capital Partners LP Boosts Holdings in UMB Financial Co. (NASDAQ:UMBF)

Advantage Alpha Capital Partners LP grew its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,960 shares of the bank’s stock after purchasing an additional 693 shares during the period. Advantage Alpha Capital Partners LP’s holdings in UMB Financial were worth $673,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UMBF. Cerity Partners LLC grew its position in UMB Financial by 767.4% during the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock worth $2,236,000 after buying an additional 18,817 shares in the last quarter. US Bancorp DE grew its holdings in shares of UMB Financial by 46.9% during the fourth quarter. US Bancorp DE now owns 13,105 shares of the bank’s stock worth $1,479,000 after purchasing an additional 4,182 shares in the last quarter. Principal Financial Group Inc. increased 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 worth $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Natixis Advisors LLC increased its position in shares of UMB Financial by 51.2% in the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock worth $3,041,000 after purchasing an additional 9,803 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in UMB Financial by 107.8% during the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock valued at $626,000 after purchasing an additional 2,877 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $102.35 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a fifty-two week low of $76.00 and a fifty-two week high of $129.94. The business has a 50 day moving average price of $111.24 and a 200-day moving average price of $112.44. The firm has a market cap of $7.44 billion, a PE ratio of 11.38 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $2.29 EPS. Equities research analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is currently 17.80%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler increased their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Barclays raised their price target on UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Citigroup reiterated a “neutral” rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on UMB Financial from $156.00 to $146.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.71.

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.