Global Alpha Capital Management Ltd. Lowers stake in UMB Financial Corp (UMBF)

UMB Financial Corp (UMBF) : Global Alpha Capital Management Ltd. reduced its stake in UMB Financial Corp by 4.13% during the most recent quarter end. The investment management company now holds a total of 109,200 shares of UMB Financial Corp which is valued at $5.9 Million after selling 4,700 shares in UMB Financial Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.UMB Financial Corp makes up approximately 4.42% of Global Alpha Capital Management Ltd.’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in UMBF in the latest quarter, The investment management firm added 25,415 additional shares and now holds a total of 48,522 shares of UMB Financial Corp which is valued at $2.6 Million. United Services Automobile Association added UMBF to its portfolio by purchasing 65,700 company shares during the most recent quarter which is valued at $3.5 Million. UMB Financial Corp makes up approx 0.01% of United Services Automobile Association’s portfolio. Manchester Capital Management sold out all of its stake in UMBF during the most recent quarter. The investment firm sold 1,675 shares of UMBF which is valued $91,606.American Century Companies Inc boosted its stake in UMBF in the latest quarter, The investment management firm added 169,763 additional shares and now holds a total of 860,032 shares of UMB Financial Corp which is valued at $47 Million. UMB Financial Corp makes up approx 0.05% of American Century Companies Inc’s portfolio.

UMB Financial Corp closed down -0.01 points or -0.02% at $57.59 with 2,43,538 shares getting traded on Wednesday. Post opening the session at $57.59, the shares hit an intraday low of $56.01 and an intraday high of $57.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, UMB Financial Corp reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.68. The company had revenue of $234.20 million for the quarter, compared to analysts expectations of $232.89 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS.

Investors should note that on Apr 26, 2016, UMB Financial Corp announced a cash dividend of $0.2450. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 1, 2016.

Many Wall Street Analysts have commented on UMB Financial Corp. UMB Financial Corp was Upgraded by Raymond James to ” Mkt Perform” on Apr 28, 2016.

UMB Financial Corporation is a financial holding company. The Company’s primary banking subsidiary is UMB Bank National Association (the Bank). The Company supplies banking services institutional investment management asset servicing and payment solutions in the United States and across the world. The Company operates in four segments: Bank Institutional Investment Management Asset Servicing and Payment Solutions. The Bank provides banking services to commercial retail Government and correspondent bank customers. Institutional Investment Management segment provides equity and fixed income investment strategies. Asset Servicing segment provides services to the asset management industry for investment products including mutual funds alternative investments and managed accounts. Payment Solutions segment provides consumer and commercial credit and debit card prepaid debit card solutions healthcare services and institutional cash management.

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