UMB Financial (NASDAQ:UMBF) CEO J Mariner Kemper Sells 15,062 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) CEO J Mariner Kemper sold 15,062 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total value of $2,237,460.10. Following the transaction, the chief executive officer directly owned 1,491,138 shares in the company, valued at $221,508,549.90. The trade was a 1.00% decrease in their position. The transaction 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, August 3rd, J Mariner Kemper sold 4,200 shares of UMB Financial stock. The shares were sold at an average price of $147.27, for a total value of $618,534.00.

UMB Financial Stock Down 1.1%

NASDAQ:UMBF opened at $145.13 on Friday. UMB Financial Corporation has a 1-year low of $103.38 and a 1-year high of $150.00. The company has a 50-day moving average of $139.90 and a 200 day moving average of $128.58. The firm has a market cap of $11.02 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.72 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

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

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The business had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter last year, the firm posted $2.96 EPS. As a group, research analysts anticipate that UMB Financial Corporation will post 13.48 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s dividend payout ratio is 16.65%.

Institutional Investors Weigh In On UMB Financial

Several institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in shares of UMB Financial by 11.4% during the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after acquiring an additional 493,875 shares in the last quarter. State Street Corp boosted its stake in UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after purchasing an additional 313,414 shares in the last quarter. Wellington Management Group LLP boosted its stake in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares in the last quarter. Dimensional Fund Advisors LP grew its position in UMB Financial by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock worth $328,200,000 after purchasing an additional 55,005 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in UMB Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock worth $219,529,000 after purchasing an additional 33,078 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Hovde Group lifted their price target on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 price target (up from $168.00) on shares of UMB Financial in a report on Thursday, July 30th. Wells Fargo & Company boosted their price target on UMB Financial from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Finally, Stephens began coverage on UMB Financial in a research note on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, UMB Financial currently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

About UMB Financial

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.