UMB Financial (NASDAQ:UMBF) Insider Robert Brian Beaird Sells 1,600 Shares

UMB Financial Corporation (NASDAQ:UMBF) insider Robert Brian Beaird sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $144.40, for a total value of $231,040.00. Following the completion of the sale, the insider owned 8,943 shares in the company, valued at approximately $1,291,369.20. This represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

UMB Financial Trading Up 0.2%

Shares of UMBF opened at $145.73 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.07 billion, a PE ratio of 12.13, a PEG ratio of 0.78 and a beta of 0.77. UMB Financial Corporation has a 1 year low of $103.38 and a 1 year high of $149.98. The stock has a 50 day simple moving average of $138.73 and a 200-day simple moving average of $127.80.

UMB Financial shares are scheduled to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly issued shares will be payable to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The business had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. During the same quarter in the previous year, the firm earned $2.96 EPS. On average, sell-side analysts predict that UMB Financial Corporation will post 13.26 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio is presently 16.65%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Mercer Global Advisors Inc. ADV lifted its position in UMB Financial by 4.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock valued at $295,000 after purchasing an additional 102 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of UMB Financial by 3.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock worth $335,000 after buying an additional 108 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of UMB Financial by 1.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock worth $739,000 after buying an additional 112 shares during the period. First Citizens Bank & Trust Co. raised its stake in shares of UMB Financial by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after buying an additional 125 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of UMB Financial by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock worth $450,000 after buying an additional 129 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday. Truist Financial upped their price objective on shares of UMB Financial from $140.00 to $161.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Zacks Research lowered shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Keefe, Bruyette & Woods lifted their target price on shares of UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley boosted their target price on UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $160.83.

Key Stories Impacting UMB Financial

Here are the key news stories impacting UMB Financial this week:

• Positive Sentiment: UMB Financial’s second-quarter earnings exceeded expectations, with earnings per share of $3.57 versus the $3.12 consensus estimate and revenue of $778 million compared with forecasts of $727.63 million. The earnings beat has helped drive renewed investor momentum. UMB Financial Reaches New 12-Month High Following Strong Earnings
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target from $155 to $160 and maintained an “outperform” rating, implying additional upside from recent trading levels. Benzinga analyst price-target report
• Positive Sentiment: RBC Capital Markets reiterated its “buy” stance, while Zacks identified UMB Financial as a strong momentum stock based on its style-score methodology. RBC Capital Markets maintains buy rating Zacks momentum-stock analysis
• Neutral Sentiment: Management signaled third-quarter operating expenses of approximately $390 million and expects the core margin to remain relatively flat. The outlook suggests stable operations but limited near-term margin expansion. UMB Financial third-quarter operating outlook
• Negative Sentiment: Director Kevin Charles Gallagher sold 360 shares for approximately $52,247, reducing his holdings by 2.95%. Insider Robert Brian Beaird separately sold 1,600 shares worth about $231,040, cutting his position by 15.18%. The sales may weigh modestly on sentiment, although insider transactions do not necessarily indicate a change in business outlook. Gallagher SEC filing Beaird SEC filing

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.