UMB Financial (NASDAQ:UMBF) CAO David Carl Odgers Sells 145 Shares

UMB Financial Corporation (NASDAQ:UMBF) CAO David Carl Odgers sold 145 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $147.30, for a total value of $21,358.50. Following the completion of the transaction, the chief accounting officer owned 6,538 shares of the company’s stock, valued at approximately $963,047.40. This represents a 2.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

UMB Financial Stock Down 1.1%

NASDAQ:UMBF traded down $1.68 during trading hours on Thursday, hitting $145.13. The stock had a trading volume of 428,472 shares, compared to its average volume of 636,049. The company has a market cap of $11.02 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.73 and a beta of 0.77. The business has a 50 day simple moving average of $139.62 and a two-hundred day simple moving average of $128.42. UMB Financial Corporation has a 1-year low of $103.38 and a 1-year high of $150.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

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

UMB Financial (NASDAQ:UMBF) last posted 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 business had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same period in the previous year, the company posted $2.96 earnings per share. 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. Investors of record on Thursday, September 10th will be paid a dividend of $0.50 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s payout ratio is presently 14.32%.

Institutional Trading of UMB Financial

Several large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its stake in UMB Financial by 290.2% during the first quarter. Hsbc Holdings PLC now owns 13,355 shares of the bank’s stock valued at $1,506,000 after purchasing an additional 9,932 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of UMB Financial by 40.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 38,261 shares of the bank’s stock valued at $4,402,000 after purchasing an additional 11,083 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of UMB Financial by 5,349.0% in the 4th quarter. Farther Finance Advisors LLC now owns 13,568 shares of the bank’s stock valued at $1,561,000 after purchasing an additional 13,319 shares during the period. SG Americas Securities LLC increased its stake in UMB Financial by 62.7% in the 1st quarter. SG Americas Securities LLC now owns 20,784 shares of the bank’s stock worth $2,344,000 after purchasing an additional 8,013 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in UMB Financial by 1.9% during the 1st 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 during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup reissued a “neutral” rating and issued a $162.00 price objective (up from $144.00) on shares of UMB Financial in a research report on Friday, July 31st. Barclays reissued an “overweight” rating and issued a $175.00 price target (up from $170.00) on shares of UMB Financial in a report on Monday. Keefe, Bruyette & Woods increased their target price on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a research report on Friday, July 24th. Finally, Wells Fargo & Company increased their price objective on shares of UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and an average target price of $162.00.

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.