UMB Financial Co. (NASDAQ:UMBF) CEO Sells $940,695.00 in Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 10,115 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $93.00, for a total value of $940,695.00. Following the completion of the sale, the chief executive officer now directly owns 257,796 shares of the company’s stock, valued at approximately $23,975,028. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, August 2nd, J Mariner Kemper sold 124 shares of UMB Financial stock. The shares were sold at an average price of $95.26, for a total value of $11,812.24.
• 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 value 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 value of $704,138.50.
• On Monday, June 3rd, J Mariner Kemper sold 2,000 shares of UMB Financial stock. The stock was sold at an average price of $81.39, for a total value of $162,780.00.
• On Tuesday, May 14th, J Mariner Kemper sold 2,100 shares of UMB Financial stock. The stock was sold at an average price of $83.86, for a total value of $176,106.00.

UMB Financial Stock Down 0.5 %

Shares of UMBF stock traded down $0.46 during trading hours on Wednesday, reaching $91.73. The company had a trading volume of 396,119 shares, compared to its average volume of 361,559. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.73 and a quick ratio of 0.75. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 12.18 and a beta of 0.80. The business has a fifty day simple moving average of $86.78 and a 200-day simple moving average of $83.71. UMB Financial Co. has a 12 month low of $57.91 and a 12 month high of $105.21.

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

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, September 10th. UMB Financial’s payout ratio is 20.72%.

Institutional Trading of UMB Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in shares of UMB Financial by 1.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,842,050 shares of the bank’s stock valued at $153,903,000 after acquiring an additional 23,689 shares during the last quarter. Victory Capital Management Inc. increased its position in UMB Financial by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock worth $166,875,000 after buying an additional 265,399 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in UMB Financial by 39.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 428,932 shares of the bank’s stock worth $35,837,000 after buying an additional 121,100 shares during the last quarter. BNP Paribas Financial Markets increased its position in UMB Financial by 35.0% in the first quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock worth $2,132,000 after buying an additional 6,351 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in UMB Financial by 9.2% in the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after buying an additional 394,578 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on UMBF shares. Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $93.00 to $98.00 in a report on Friday, May 31st. Piper Sandler increased their price target on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company increased their price target on UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Barclays increased their price target on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.