UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper Sells 600 Shares

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 600 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $64.42, for a total value of $38,652.00. Following the sale, the chief executive officer now directly owns 1,893,888 shares in the company, valued at approximately $122,004,264.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, August 25th, J Mariner Kemper sold 4,280 shares of UMB Financial stock. The shares were sold at an average price of $63.76, for a total value of $272,892.80.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $63.96 on Wednesday. UMB Financial Co. has a twelve month low of $50.68 and a twelve month high of $92.70. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $65.25 and its 200 day simple moving average is $65.90. The firm has a market capitalization of $3.10 billion, a PE ratio of 8.39 and a beta of 0.82.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 25th. The bank reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.06). The company had revenue of $370.27 million during the quarter, compared to the consensus estimate of $374.60 million. UMB Financial had a return on equity of 13.85% and a net margin of 18.00%. On average, analysts anticipate that UMB Financial Co. will post 7.35 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $1.52 dividend on an annualized basis and a yield of 2.38%. UMB Financial’s dividend payout ratio is currently 19.95%.

Analyst Ratings Changes

Several analysts have recently issued reports on UMBF shares. Raymond James increased their target price on UMB Financial from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Piper Sandler increased their price objective on shares of UMB Financial from $66.00 to $74.00 in a research note on Thursday, July 27th. StockNews.com assumed coverage on shares of UMB Financial in a report on Thursday, August 17th. They issued a “sell” rating on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of UMB Financial from $72.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $82.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UMBF. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in UMB Financial by 10.7% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,797 shares of the bank’s stock worth $1,535,000 after acquiring an additional 1,527 shares during the last quarter. BlackRock Inc. increased its stake in shares of UMB Financial by 0.3% in the first quarter. BlackRock Inc. now owns 5,164,237 shares of the bank’s stock valued at $501,757,000 after buying an additional 16,698 shares during the period. Great West Life Assurance Co. Can raised its holdings in UMB Financial by 7.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 23,436 shares of the bank’s stock valued at $2,339,000 after buying an additional 1,581 shares during the last quarter. Yousif Capital Management LLC grew its holdings in UMB Financial by 2.3% during the 1st quarter. Yousif Capital Management LLC now owns 23,530 shares of the bank’s stock worth $2,286,000 after acquiring an additional 525 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in UMB Financial by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,062,319 shares of the bank’s stock valued at $103,218,000 after acquiring an additional 11,391 shares during the period. 91.97% of the stock is currently owned by institutional investors and hedge funds.

About UMB Financial

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. 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.