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

UMB Financial Corporation (NASDAQ:UMBF) insider Robert Brian Beaird sold 1,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were 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 in the company, valued at $1,291,369.20. This trade represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

UMB Financial Price Performance

NASDAQ:UMBF traded down $0.85 during trading hours on Friday, hitting $145.01. The company’s stock had a trading volume of 100,099 shares, compared to its average volume of 624,063. The stock has a fifty day simple moving average of $143.63 and a 200-day simple moving average of $130.28. The company has a market capitalization of $11.01 billion, a P/E ratio of 12.07, a PEG ratio of 0.72 and a beta of 0.77. 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 twelve month low of $103.38 and a twelve month high of $153.32.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The company had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter last year, the business posted $2.96 EPS. On average, analysts anticipate that UMB Financial Corporation will post 13.48 EPS for the current fiscal 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. 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 dividend yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is 14.32%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC bought a new position in UMB Financial during the 1st quarter worth $26,000. Kemnay Advisory Services Inc. bought a new position in shares of UMB Financial in the 4th quarter worth about $27,000. Axiom Investment Management LLC bought a new position in shares of UMB Financial in the 1st quarter worth about $28,000. Hilton Head Capital Partners LLC bought a new position in shares of UMB Financial in the 4th quarter worth about $34,000. Finally, Torren Management LLC bought a new position in shares of UMB Financial in the 4th quarter worth about $37,000. 87.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Zacks Research downgraded UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Keefe, Bruyette & Woods raised their target price on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and set a $166.00 target price (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Barclays reaffirmed an “overweight” rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research report on Monday, August 3rd. Finally, Hovde Group raised their target price on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $165.00.

About UMB Financial

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.