UMB Financial Co. (NASDAQ:UMBF) CEO Sells $11,812.24 in Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 124 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $95.26, for a total transaction of $11,812.24. Following the completion of the sale, the chief executive officer now owns 257,796 shares of the company’s stock, valued at approximately $24,557,646.96. The transaction was disclosed in a document filed with the SEC, which is available at this link.

J Mariner Kemper also recently made the following trade(s):

• On Wednesday, July 3rd, J Mariner Kemper sold 8,100 shares of UMB Financial stock. The stock was sold at an average price of $84.00, for a total transaction of $680,400.00.
• On Monday, July 1st, J Mariner Kemper sold 8,450 shares of UMB Financial stock. The stock was sold at an average price of $83.33, for a total transaction of $704,138.50.
• On Monday, June 3rd, J Mariner Kemper sold 2,000 shares of UMB Financial stock. The shares were sold at an average price of $81.39, for a total transaction of $162,780.00.
• On Tuesday, May 14th, J Mariner Kemper sold 2,100 shares of UMB Financial stock. The shares were sold at an average price of $83.86, for a total transaction of $176,106.00.

UMB Financial Price Performance

Shares of NASDAQ UMBF traded down $2.97 during midday trading on Monday, reaching $90.56. 598,030 shares of the company were exchanged, compared to its average volume of 360,228. The stock’s 50-day moving average price is $86.40 and its 200-day moving average price is $83.55. The stock has a market cap of $4.41 billion, a P/E ratio of 12.03 and a beta of 0.80. UMB Financial Co. has a one year low of $57.91 and a one year high of $105.21. The company has a quick ratio of 0.75, a current ratio of 0.73 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. The firm had revenue of $390.03 million for the quarter, compared to analysts’ expectations of $384.96 million. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The company’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 earnings per share. On average, sell-side analysts anticipate that UMB Financial Co. will post 8.98 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.72%. UMB Financial’s dividend payout ratio is 20.72%.

Institutional Trading of UMB Financial

Institutional investors have recently modified their holdings of the business. Assetmark Inc. bought a new stake in shares of UMB Financial in the fourth quarter worth $28,000. 1620 Investment Advisors Inc. bought a new stake in shares of UMB Financial in the second quarter worth $128,000. CWM LLC grew its stake in shares of UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after purchasing an additional 129 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of UMB Financial in the fourth quarter worth $228,000. Finally, Quadrant Capital Group LLC grew its stake in shares of UMB Financial by 42.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock worth $229,000 after purchasing an additional 819 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of UMB Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $93.00 to $98.00 in a research report on Friday, May 31st. Barclays lifted their price target on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Piper Sandler lifted their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $102.33.

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.