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 stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.27, for a total value of $618,534.00. Following the completion of the sale, the chief executive officer directly owned 5,561 shares of the company’s stock, valued at $818,968.47. The trade was a 43.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 value of $2,237,460.10.

UMB Financial Price Performance

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

Shares of UMB Financial are scheduled to split before the market opens on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, August 31st.

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

UMB Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UMBF. Citigroup reiterated a “neutral” rating and issued a $162.00 price target (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Stephens began coverage on UMB Financial in a research report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 target price on the stock. Truist Financial set a $170.00 target price on UMB Financial and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley boosted their price target on UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective (up from $168.00) on shares of UMB Financial in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Hedge Funds Weigh In On UMB Financial

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

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.