J Mariner Kemper Sells 15,367 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) CEO J Mariner Kemper sold 15,367 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer directly owned 1,521,414 shares in the company, valued at $174,323,616.12. 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.

UMB Financial Stock Down 0.6%

Shares of UMBF stock traded down $0.70 on Monday, hitting $114.24. The stock had a trading volume of 472,127 shares, compared to its average volume of 598,716. UMB Financial Corporation has a one year low of $82.00 and a one year high of $126.14. The business has a 50 day moving average price of $111.85 and a 200 day moving average price of $111.15. The company has a market cap of $8.68 billion, a PE ratio of 12.94, a P/E/G ratio of 1.15 and a beta of 0.78. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The business had revenue of $678.34 million for the quarter, compared to the consensus estimate of $661.60 million. During the same quarter last year, the firm posted $2.25 EPS. The company’s revenue for the quarter was up 67.0% on a year-over-year basis. Research analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be issued a dividend of $0.43 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is currently 19.48%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UMBF. Royal Bank Of Canada raised UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 price target for the company in a research report on Thursday, November 6th. Barclays set a $155.00 target price on UMB Financial and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a report on Monday, September 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $145.00 price objective (down previously from $148.00) on shares of UMB Financial in a research report on Thursday, October 30th. Finally, TD Cowen decreased their target price on shares of UMB Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Hedge Funds Weigh In On UMB Financial

Several hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in shares of UMB Financial by 88.1% in the first quarter. Cetera Investment Advisers now owns 3,963 shares of the bank’s stock worth $401,000 after acquiring an additional 1,856 shares during the period. LPL Financial LLC boosted its holdings in UMB Financial by 23.5% in the first quarter. LPL Financial LLC now owns 25,104 shares of the bank’s stock valued at $2,538,000 after purchasing an additional 4,775 shares during the last quarter. PNC Financial Services Group Inc. grew its position in UMB Financial by 9.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,064 shares of the bank’s stock worth $815,000 after purchasing an additional 714 shares during the period. Vanguard Group Inc. grew its position in UMB Financial by 54.0% during the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank’s stock worth $741,342,000 after purchasing an additional 2,570,283 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of UMB Financial by 44.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 813,757 shares of the bank’s stock valued at $82,271,000 after buying an additional 249,995 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.