UMB Financial (NASDAQ:UMBF) Insider Sells $117,600.00 in Stock

UMB Financial Corporation (NASDAQ:UMBF) insider Phillip James Mason sold 800 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total transaction of $117,600.00. Following the sale, the insider owned 8,894 shares of the company’s stock, valued at $1,307,418. The trade was a 8.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UMB Financial Stock Down 1.1%

NASDAQ:UMBF opened at $145.13 on Friday. UMB Financial Corporation has a 12-month low of $103.38 and a 12-month high of $150.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $11.02 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.72 and a beta of 0.77. The stock’s fifty day simple moving average is $139.90 and its 200-day simple moving average is $128.58.

Shares of UMB Financial are set to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly minted 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 (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.45. The company 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. Equities research analysts expect 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. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. UMB Financial’s dividend payout ratio is presently 16.65%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research lowered shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Hovde Group boosted their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings restated a “buy (b)” rating on shares of UMB Financial in a research report on Friday, July 24th. Stephens started coverage on UMB Financial in a research note on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price objective on the stock. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $170.00 target price (up from $168.00) on shares of UMB Financial in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, UMB Financial has an average rating of “Moderate Buy” and an average target price of $162.00.

Institutional Trading of UMB Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in UMBF. Alliancebernstein L.P. grew its position in UMB Financial by 636.7% in the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after purchasing an additional 1,286,543 shares in the last quarter. Wellington Management Group LLP lifted its position in UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after buying an additional 751,525 shares in the last quarter. Norges Bank acquired a new position in shares of UMB Financial during the 4th quarter worth about $85,885,000. Bank of New York Mellon Corp acquired a new position in shares of UMB Financial during the 2nd quarter worth about $78,410,000. Finally, UMB Bank n.a. grew its holdings in shares of UMB Financial by 11.4% in the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after acquiring an additional 493,875 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.