UMB Financial (NASDAQ:UMBF) Director Kevin Charles Gallagher Sells 360 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 360 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $145.13, for a total transaction of $52,246.80. Following the transaction, the director directly owned 11,863 shares of the company’s stock, valued at approximately $1,721,677.19. This trade represents a 2.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kevin Charles Gallagher also recently made the following trade(s):

• On Wednesday, June 10th, Kevin Charles Gallagher sold 381 shares of UMB Financial stock. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28.

UMB Financial Stock Performance

UMBF traded up $0.22 during midday trading on Friday, hitting $145.73. 723,837 shares of the company were exchanged, compared to its average volume of 639,451. The company’s 50 day simple moving average is $138.44 and its 200 day simple moving average is $127.67. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.82 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 company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial’s stock is going to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly minted shares will be payable to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. The firm had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter in the prior year, the business earned $2.96 earnings per share. As a group, sell-side analysts predict that UMB Financial Corporation will post 12.85 earnings per share for the current year.

UMB Financial Increases Dividend

The business 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 $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. 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 yield of 1.4%. UMB Financial’s dividend payout ratio is presently 15.26%.

Hedge Funds Weigh In On UMB Financial

A number of large investors have recently added to or reduced their stakes in the stock. MBM Wealth Consultants LLC acquired a new stake in shares of UMB Financial in the first quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of UMB Financial during the 4th quarter worth about $27,000. Axiom Investment Management LLC purchased a new position in UMB Financial in the 1st quarter valued at about $28,000. Hilton Head Capital Partners LLC acquired a new stake in UMB Financial in the 4th quarter worth about $34,000. Finally, Torren Management LLC purchased a new stake in UMB Financial during the 4th quarter worth approximately $37,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup reaffirmed a “neutral” rating and set a $162.00 price objective (up from $144.00) on shares of UMB Financial in a research note on Friday. Truist Financial raised their price target on shares of UMB Financial from $140.00 to $161.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Stephens initiated coverage on shares of UMB Financial in a report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price objective for the company. Hovde Group upped their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.83.

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.