UMB Financial Co. (NASDAQ:UMBF) CEO Sells $119,796.95 in Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 1,631 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $73.45, for a total transaction of $119,796.95. Following the sale, the chief executive officer now owns 1,795,280 shares in the company, valued at approximately $131,863,316. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, September 1st, J Mariner Kemper sold 400 shares of UMB Financial stock. The shares were sold at an average price of $65.21, for a total transaction of $26,084.00.
• On Wednesday, August 30th, J Mariner Kemper sold 3,738 shares of UMB Financial stock. The shares were sold at an average price of $63.69, for a total transaction of $238,073.22.
• On Monday, August 28th, J Mariner Kemper sold 600 shares of UMB Financial stock. The shares were sold at an average price of $64.42, for a total transaction of $38,652.00.
• 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 transaction of $272,892.80.

UMB Financial Price Performance

UMBF stock opened at $73.00 on Monday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 9.37 and a beta of 0.79. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.14. UMB Financial Co. has a 12-month low of $50.68 and a 12-month high of $92.68. The company’s fifty day simple moving average is $63.77 and its 200 day simple moving average is $63.43.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 24th. The bank reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.26. The business had revenue of $362.16 million for the quarter, compared to analyst estimates of $363.77 million. UMB Financial had a net margin of 16.96% and a return on equity of 13.86%. On average, analysts expect that UMB Financial Co. will post 7.62 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $1.56 annualized dividend and a dividend yield of 2.14%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.38. UMB Financial’s dividend payout ratio is currently 19.51%.

Hedge Funds Weigh In On UMB Financial

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of UMB Financial by 2.7% during the second quarter. BlackRock Inc. now owns 5,781,271 shares of the bank’s stock valued at $352,079,000 after purchasing an additional 149,596 shares during the period. State Street Corp raised its holdings in shares of UMB Financial by 13.2% during the second quarter. State Street Corp now owns 4,659,547 shares of the bank’s stock valued at $285,529,000 after purchasing an additional 545,025 shares during the period. Vanguard Group Inc. raised its holdings in shares of UMB Financial by 4.2% during the third quarter. Vanguard Group Inc. now owns 4,356,268 shares of the bank’s stock valued at $367,190,000 after purchasing an additional 174,204 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of UMB Financial by 646.3% during the second quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank’s stock valued at $158,131,000 after purchasing an additional 2,248,655 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of UMB Financial by 0.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,818,361 shares of the bank’s stock worth $112,829,000 after acquiring an additional 4,617 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research analyst reports. Janney Montgomery Scott upgraded shares of UMB Financial from a “neutral” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Thursday, October 26th. Wells Fargo & Company reduced their price objective on shares of UMB Financial from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 4th. Piper Sandler raised shares of UMB Financial from a “neutral” rating to an “overweight” rating and set a $74.00 price objective on the stock in a research note on Wednesday, September 13th. Raymond James raised shares of UMB Financial from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from $82.00 to $80.00 in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of UMB Financial from $72.00 to $75.00 and gave the stock a “market perform” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.40.

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.