UMB Financial (NASDAQ:UMBF) CEO Sells $2,237,460.10 in Stock

UMB Financial Corporation (NASDAQ:UMBF) CEO J Mariner Kemper sold 15,062 shares of UMB Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the completion of the sale, the chief executive officer directly owned 1,491,138 shares of the company’s stock, valued at approximately $221,508,549.90. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

J Mariner Kemper also recently made the following trade(s):

• On Monday, August 3rd, J Mariner Kemper sold 4,200 shares of UMB Financial stock. The shares were sold at an average price of $147.27, for a total value of $618,534.00.

UMB Financial Stock Performance

Shares of UMBF opened at $145.60 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. UMB Financial Corporation has a one year low of $103.38 and a one year high of $150.00. The firm has a market capitalization of $11.06 billion, a P/E ratio of 12.12, a PEG ratio of 0.71 and a beta of 0.77. The business has a fifty day moving average of $140.19 and a 200 day moving average of $128.70.

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

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. The company 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 company earned $2.96 earnings per share. As a group, sell-side analysts anticipate that UMB Financial Corporation will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.50 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is currently 14.32%.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of UMB Financial by 28.2% in the first quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock worth $4,329,000 after purchasing an additional 9,417 shares during the period. NewEdge Advisors LLC lifted its stake in shares of UMB Financial by 47.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock valued at $570,000 after buying an additional 1,803 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of UMB Financial by 65.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock valued at $21,017,000 after buying an additional 82,083 shares in the last quarter. Jane Street Group LLC boosted its holdings in UMB Financial by 161.7% in the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock worth $5,043,000 after buying an additional 30,820 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in UMB Financial by 6.8% in the 2nd quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock worth $445,000 after buying an additional 269 shares during the period. Institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on UMBF. Truist Financial set a $170.00 target price on shares of UMB Financial and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley increased their price target on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 price target (up from $168.00) on shares of UMB Financial in a research note on Thursday, July 30th. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Wells Fargo & Company raised their target price on UMB Financial from $130.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.