Insider Selling: UMB Financial Co. (NASDAQ:UMBF) CEO Sells 2,302 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 2,302 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.72, for a total transaction of $185,817.44. Following the completion of the transaction, the chief executive officer now owns 1,722,404 shares in the company, valued at approximately $139,032,450.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, April 1st, J Mariner Kemper sold 11,170 shares of UMB Financial stock. The shares were sold at an average price of $85.28, for a total value of $952,577.60.
• On Thursday, March 28th, J Mariner Kemper sold 1,440 shares of UMB Financial stock. The stock was sold at an average price of $86.59, for a total value of $124,689.60.
• On Tuesday, March 12th, J Mariner Kemper sold 7,920 shares of UMB Financial stock. The shares were sold at an average price of $80.37, for a total transaction of $636,530.40.
• On Friday, February 2nd, J Mariner Kemper sold 3,500 shares of UMB Financial stock. The stock was sold at an average price of $83.10, for a total transaction of $290,850.00.

UMB Financial Trading Up 0.8 %

Shares of UMBF opened at $82.56 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.75. UMB Financial Co. has a 52-week low of $50.68 and a 52-week high of $87.36. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 10.96 and a beta of 0.84. The business’s fifty day moving average is $81.87 and its 200-day moving average is $78.12.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.53. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. The firm had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $360.69 million. During the same quarter in the previous year, the business posted $2.06 earnings per share. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts anticipate that UMB Financial Co. will post 8.01 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, June 7th. UMB Financial’s dividend payout ratio is 20.72%.

Institutional Trading of UMB Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its stake in shares of UMB Financial by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after acquiring an additional 1,095,630 shares during the last quarter. Norges Bank acquired a new position in UMB Financial in the 4th quarter worth about $39,376,000. Victory Capital Management Inc. raised its position in UMB Financial by 15.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock valued at $166,875,000 after purchasing an additional 265,399 shares during the last quarter. GW&K Investment Management LLC acquired a new stake in shares of UMB Financial during the fourth quarter valued at about $20,367,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of UMB Financial by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,008 shares of the bank’s stock worth $129,005,000 after purchasing an additional 161,558 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Ratings Changes

UMBF has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday. Keefe, Bruyette & Woods raised their price objective on UMB Financial from $86.00 to $93.00 and gave the stock a “market perform” rating in a research note on Tuesday. Raymond James upped their target price on UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research report on Thursday, February 1st. Barclays upgraded UMB Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $91.00 to $95.00 in a research report on Tuesday. Finally, Piper Sandler upped their price objective on shares of UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

About UMB Financial

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.