Advantage Alpha Capital Partners LP Has $554,000 Stock Holdings in UMB Financial Co. (NASDAQ:UMBF)

Advantage Alpha Capital Partners LP increased its position in shares of UMB Financial Co. (NASDAQ:UMBF) by 19.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,267 shares of the bank’s stock after buying an additional 857 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in UMB Financial were worth $554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UMBF. FMR LLC raised its position in shares of UMB Financial by 2.7% during 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 during the period. Hancock Whitney Corp bought a new stake in UMB Financial during the 3rd quarter valued at $843,000. Cerity Partners LLC raised its holdings 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 during the last quarter. Citigroup Inc. lifted its stake in shares of UMB Financial by 28.5% in the third quarter. Citigroup Inc. now owns 86,109 shares of the bank’s stock valued at $9,051,000 after buying an additional 19,108 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of UMB Financial by 4.3% during the third 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 during the last quarter. Institutional investors own 87.78% of the company’s stock.

Insider Activity at UMB Financial

In other news, CEO J Mariner Kemper sold 24,300 shares of UMB Financial stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the completion of the transaction, the chief executive officer now owns 1,600,904 shares in the company, valued at $162,988,036.24. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total transaction of $105,366.52. Following the sale, the insider now owns 5,828 shares in the company, valued at $719,058.64. The trade was a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,303 shares of company stock worth $5,830,165. Insiders own 8.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UMBF. Wells Fargo & Company upped their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Piper Sandler raised their target price on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Barclays upped their price target on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Royal Bank of Canada assumed coverage on UMB Financial in a research note on Friday. They set a “sector perform” rating and a $130.00 price objective on the stock. Finally, StockNews.com lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $122.00.

UMB Financial Stock Up 2.1 %

UMBF stock opened at $127.60 on Tuesday. The stock has a market cap of $6.23 billion, a P/E ratio of 15.95 and a beta of 0.78. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $111.26 and its two-hundred day simple moving average is $97.79. UMB Financial Co. has a 1-year low of $69.96 and a 1-year high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the prior year, the business earned $2.02 earnings per share. Analysts expect that UMB Financial Co. will post 9.21 EPS for the current year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.25%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio (DPR) is presently 20.00%.

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.