UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper Sells 1,204 Shares of Stock

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Friday, March 10th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $1.52 dividend on an annualized basis and a yield of 1.72%. UMB Financial’s dividend payout ratio (DPR) is presently 17.14%.

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

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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.