UMB Financial (NASDAQ:UMBF) Insider Nikki Farentino Newton Sells 2,000 Shares

UMB Financial Corporation (NASDAQ:UMBF) insider Nikki Farentino Newton sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $148.60, for a total transaction of $297,200.00. Following the completion of the transaction, the insider owned 11,981 shares of the company’s stock, valued at approximately $1,780,376.60. This trade represents a 14.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $148.33 on Wednesday. The firm has a market cap of $11.27 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.72 and a beta of 0.77. The firm’s fifty day moving average is $139.32 and its 200-day moving average is $128.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $150.00.

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

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period last year, the company earned $2.96 EPS. Sell-side analysts predict that UMB Financial Corporation will post 13.48 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. UMB Financial’s dividend payout ratio is currently 14.32%.

Institutional Trading of UMB Financial

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

Analysts Set New Price Targets

A number of analysts have commented on the stock. Morgan Stanley upped their price target on shares of UMB Financial from $143.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price objective (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Citigroup reaffirmed a “neutral” rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a research note on Friday. Finally, Barclays reiterated an “overweight” rating and issued a $175.00 target price (up from $170.00) on shares of UMB Financial in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company 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.