UMB Financial Co. (NASDAQ:UMBF – Get Rating) CEO J Mariner Kemper sold 1,204 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $88.29, for a total transaction of $106,301.16. Following the sale, the chief executive officer now owns 1,913,888 shares of the company’s stock, valued at $168,977,171.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
J Mariner Kemper also recently made the following trade(s):
- On Tuesday, January 31st, J Mariner Kemper sold 4,956 shares of UMB Financial stock. The shares were sold at an average price of $89.12, for a total transaction of $441,678.72.
- On Friday, January 27th, J Mariner Kemper sold 1,358 shares of UMB Financial stock. The shares were sold at an average price of $87.70, for a total transaction of $119,096.60.
UMB Financial Price Performance
UMBF stock opened at $88.32 on Tuesday. The business’s fifty day moving average price is $87.80 and its 200 day moving average price is $86.59. UMB Financial Co. has a 12-month low of $76.97 and a 12-month high of $102.95. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $4.28 billion, a PE ratio of 9.96 and a beta of 0.82.
UMB Financial Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in UMBF. Lazard Asset Management LLC acquired a new stake in UMB Financial during the 2nd quarter worth approximately $26,000. Quadrant Capital Group LLC raised its stake in shares of UMB Financial by 50.4% in the third quarter. Quadrant Capital Group LLC now owns 370 shares of the bank’s stock valued at $31,000 after acquiring an additional 124 shares in the last quarter. Bartlett & Co. LLC raised its stake in shares of UMB Financial by 1,081.6% in the third quarter. Bartlett & Co. LLC now owns 449 shares of the bank’s stock valued at $38,000 after acquiring an additional 411 shares in the last quarter. Pinebridge Investments L.P. boosted its holdings in UMB Financial by 428.0% in the second quarter. Pinebridge Investments L.P. now owns 528 shares of the bank’s stock valued at $45,000 after purchasing an additional 428 shares during the period. Finally, Signaturefd LLC grew its stake in UMB Financial by 39.9% during the 4th quarter. Signaturefd LLC now owns 568 shares of the bank’s stock worth $47,000 after purchasing an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.
Analysts Set New Price Targets
UMBF has been the subject of several recent analyst reports. Janney Montgomery Scott cut UMB Financial from a “buy” rating to a “neutral” rating and set a $94.00 target price for the company. in a research note on Thursday, January 26th. They noted that the move was a valuation call. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $90.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, January 26th. Raymond James upped their target price on shares of UMB Financial from $101.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, January 27th. Finally, Piper Sandler lifted their price target on shares of UMB Financial from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, January 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, UMB Financial presently has an average rating of “Hold” and an average price target of $95.50.
About UMB Financial
UMB Financial Corp. operates as a financial holding company, which engages in the provision of bank and asset services. It operates through the following segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves the commercial lending and leasing, capital markets, and treasury management needs of the company’s mid-market businesses and governmental entities by offering various products and services.
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