Kevin Charles Gallagher Sells 527 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 527 shares of UMB Financial stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the sale, the director now directly owns 13,010 shares in the company, valued at approximately $1,484,831.30. This trade represents a 3.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

UMB Financial Stock Up 2.5 %

UMBF opened at $117.48 on Thursday. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 13.07 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50-day simple moving average is $118.39 and its 200-day simple moving average is $110.28. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter in the previous year, the business earned $2.29 EPS. Equities research analysts anticipate that UMB Financial Co. will post 9.51 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.36%. UMB Financial’s payout ratio is 17.80%.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of UMBF. V Square Quantitative Management LLC acquired a new position in UMB Financial during the 3rd quarter worth about $26,000. Covestor Ltd raised its stake in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares during the last quarter. USA Financial Formulas lifted its position in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of UMB Financial during the third quarter valued at approximately $83,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of UMB Financial in the fourth quarter valued at approximately $96,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UMBF shares. Wells Fargo & Company lifted their price objective on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Piper Sandler lifted their price target on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Citigroup reaffirmed a “neutral” rating and set a $127.00 price objective (down from $130.00) on shares of UMB Financial in a report on Monday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $130.14.

UMB Financial Company Profile

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.