UMB Financial (NASDAQ:UMBF) Director Kevin Charles Gallagher Sells 381 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 381 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares in the company, valued at $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $131.96 on Thursday. The company’s 50-day moving average is $125.52 and its 200 day moving average is $121.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $10.03 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 0.90 and a beta of 0.78. UMB Financial Corporation has a fifty-two week low of $98.16 and a fifty-two week high of $136.11.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The company had revenue of $739.16 million for the quarter, compared to the consensus estimate of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 EPS. On average, equities research analysts forecast that UMB Financial Corporation will post 12.76 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 annualized dividend and a yield of 1.3%. UMB Financial’s dividend payout ratio is 15.26%.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several recent research reports. Barclays upped their price objective on shares of UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Hovde Group upped their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, TD Cowen upped their price target on UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $145.55.

Institutional Investors Weigh In On UMB Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. MBM Wealth Consultants LLC bought a new position in shares of UMB Financial in the first quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new position in shares of UMB Financial in the fourth quarter worth approximately $27,000. Axiom Investment Management LLC bought a new position in shares of UMB Financial in the first quarter worth approximately $28,000. Hilton Head Capital Partners LLC bought a new position in shares of UMB Financial in the fourth quarter worth approximately $34,000. Finally, Torren Management LLC bought a new position in shares of UMB Financial in the fourth quarter worth approximately $37,000. 87.78% of the stock is currently owned by institutional investors.

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.