UMB Financial (NASDAQ:UMBF) Insider Robert Brian Beaird Sells 1,600 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) insider Robert Brian Beaird sold 1,600 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $144.40, for a total value of $231,040.00. Following the completion of the sale, the insider directly owned 8,943 shares of the company’s stock, valued at $1,291,369.20. This represents a 15.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

UMB Financial Stock Up 0.2%

Shares of NASDAQ UMBF traded up $0.22 during mid-day trading on Friday, reaching $145.73. 723,837 shares of the company traded hands, compared to its average volume of 639,451. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.76. The stock has a market cap of $11.07 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.82 and a beta of 0.77. The company’s fifty day moving average is $138.44 and its two-hundred day moving average is $127.67. UMB Financial Corporation has a fifty-two week low of $103.38 and a fifty-two week high of $149.98.

Shares of UMB Financial are going to split before the market opens 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 closing bell 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, topping the consensus estimate of $3.12 by $0.45. The firm 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 in the previous year, the company earned $2.96 EPS. On average, analysts expect that UMB Financial Corporation will post 12.85 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. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is currently 15.26%.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after purchasing an additional 1,286,543 shares during the period. Wellington Management Group LLP lifted its stake in shares of UMB Financial by 32.0% in the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after buying an additional 751,525 shares during the period. Norges Bank acquired a new stake in UMB Financial during the fourth quarter worth about $85,885,000. UMB Bank n.a. grew its position in UMB Financial by 11.4% during the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after buying an additional 493,875 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in UMB Financial by 1,148.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock valued at $48,554,000 after acquiring an additional 388,253 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on UMBF shares. Truist Financial boosted their target price on shares of UMB Financial from $140.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods boosted their price objective on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen restated a “buy” rating and set a $166.00 target price (up from $161.00) on shares of UMB Financial in a research note on Thursday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 target price (up from $161.00) on shares of UMB Financial in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued 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 $160.83.

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.