Insider Selling: UMB Financial Corp (UMBF) Insider Sells 1,602 Shares of Stock
UMB Financial Corp (NASDAQ:UMBF) insider Thomas S. Terry sold 1,602 shares of UMB Financial stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $65.23, for a total value of $104,498.46. Following the completion of the transaction, the insider now directly owns 28,948 shares of the company’s stock, valued at $1,888,278.04. The sale was disclosed in a legal filing with the SEC, which is available through this link.
UMB Financial stock opened at $65.32 on Monday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. UMB Financial Corp has a 52 week low of $57.00 and a 52 week high of $82.14. The firm has a market cap of $3.26 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.79 and a beta of 0.89.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 23rd. The bank reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. UMB Financial had a return on equity of 10.22% and a net margin of 25.52%. The company had revenue of $251.38 million during the quarter, compared to analysts’ expectations of $260.02 million. During the same quarter in the previous year, the firm earned $0.98 EPS. UMB Financial’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that UMB Financial Corp will post 4.57 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in UMB Financial by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 30,583 shares of the bank’s stock worth $2,331,000 after purchasing an additional 798 shares in the last quarter. Xact Kapitalforvaltning AB increased its holdings in UMB Financial by 13.1% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 6,930 shares of the bank’s stock worth $491,000 after purchasing an additional 800 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in UMB Financial by 20.5% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,700 shares of the bank’s stock worth $333,000 after purchasing an additional 800 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in UMB Financial by 16.1% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 6,272 shares of the bank’s stock worth $478,000 after purchasing an additional 868 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in UMB Financial by 0.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 102,143 shares of the bank’s stock worth $7,242,000 after purchasing an additional 939 shares in the last quarter. 88.07% of the stock is owned by institutional investors.
Several equities analysts have weighed in on UMBF shares. Raymond James set a $69.00 price objective on UMB Financial and gave the company a “buy” rating in a report on Thursday, October 25th. BidaskClub raised UMB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research raised UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. ValuEngine raised UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Stephens reissued a “hold” rating and set a $80.00 price target on shares of UMB Financial in a report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $77.00.
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UMB Financial Company Profile
UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.
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