UMB Financial (NASDAQ:UMBF) CEO Sells $618,534.00 in Stock

UMB Financial Corporation (NASDAQ:UMBF) CEO J Mariner Kemper sold 4,200 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.27, for a total transaction of $618,534.00. Following the sale, the chief executive officer owned 5,561 shares of the company’s stock, valued at $818,968.47. This trade represents a 43.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, August 4th, J Mariner Kemper sold 15,062 shares of UMB Financial stock. The shares were sold at an average price of $148.55, for a total transaction of $2,237,460.10.

UMB Financial Stock Performance

NASDAQ UMBF traded down $0.84 during trading hours on Friday, hitting $145.02. 114,305 shares of the company’s stock traded hands, compared to its average volume of 624,207. The business’s fifty day moving average price is $143.63 and its two-hundred day moving average price is $130.28. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $11.01 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.72 and a beta of 0.77. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $153.32.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the firm earned $2.96 earnings per share. Equities research analysts predict that UMB Financial Corporation will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. UMB Financial’s payout ratio is presently 14.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Citigroup reaffirmed a “neutral” rating and set a $162.00 price target (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Wells Fargo & Company set a $160.00 price target on shares of UMB Financial and gave the company an “equal weight” rating in a report on Monday, August 10th. TD Cowen reaffirmed a “buy” rating and set a $166.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 price target (up from $168.00) on shares of UMB Financial in a report on Thursday, July 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

Hedge Funds Weigh In On UMB Financial

Hedge funds have recently modified their holdings of the stock. MBM Wealth Consultants LLC purchased a new position in shares of UMB Financial in the first quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of UMB Financial in the fourth quarter worth $27,000. Axiom Investment Management LLC bought a new stake in UMB Financial in the first quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in UMB Financial during the second quarter valued at $38,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in UMB Financial during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

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.