Insider Selling: UMB Financial Co. (NASDAQ:UMBF) Insider Sells 854 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the sale, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

UMB Financial Stock Up 1.5 %

Shares of UMBF stock opened at $125.00 on Friday. The stock’s 50 day simple moving average is $110.41 and its 200 day simple moving average is $96.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Co. has a twelve month low of $69.96 and a twelve month high of $128.73. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 15.63 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. The firm had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same quarter last year, the firm posted $2.02 EPS. As a group, research analysts predict that UMB Financial Co. will post 9.33 EPS for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio (DPR) is presently 19.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on UMBF shares. Piper Sandler raised their price target on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Citigroup started coverage on UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. StockNews.com downgraded UMB Financial from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company raised their price target on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, 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 target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

Institutional Trading of UMB Financial

Several institutional investors have recently modified their holdings of UMBF. Principal Financial Group Inc. grew its holdings in shares of UMB Financial by 403.7% during the 3rd 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 in the last quarter. Millennium Management LLC grew its holdings in shares of UMB Financial by 567.1% during the 2nd quarter. Millennium Management LLC now owns 733,734 shares of the bank’s stock worth $61,208,000 after purchasing an additional 623,751 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in UMB Financial in the 3rd quarter valued at $48,531,000. Vanguard Group Inc. boosted its stake in UMB Financial by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after buying an additional 394,578 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in UMB Financial by 102.7% in the 2nd quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock valued at $62,780,000 after buying an additional 381,278 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

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.