UMB Financial Corp (UMBF) EVP Sells $30,709.80 in Stock
UMB Financial Corp (NASDAQ:UMBF) EVP Shannon Andresen Johnson sold 470 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $65.34, for a total transaction of $30,709.80. Following the completion of the sale, the executive vice president now owns 10,135 shares in the company, valued at $662,220.90. The transaction was disclosed in a filing with the SEC, which is available through this link.
UMB Financial stock opened at $65.32 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market cap of $3.26 billion, a PE ratio of 17.42, a P/E/G ratio of 1.79 and a beta of 0.89. UMB Financial Corp has a fifty-two week low of $57.00 and a fifty-two week high of $82.14.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, October 23rd. The bank reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.04. The firm had revenue of $251.38 million for the quarter, compared to analysts’ expectations of $260.02 million. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. As a group, equities analysts forecast that UMB Financial Corp will post 4.57 earnings per share for the current year.
UMBF has been the topic of several research reports. BidaskClub upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, Wells Fargo & Co set a $70.00 price objective on shares of UMB Financial and gave the company a “hold” rating in a research report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. UMB Financial presently has an average rating of “Hold” and a consensus price target of $77.00.
Several hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC grew its holdings in shares of UMB Financial by 1.4% during the 3rd quarter. Teachers Advisors LLC now owns 99,595 shares of the bank’s stock valued at $7,061,000 after purchasing an additional 1,371 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of UMB Financial by 23.1% during the 3rd quarter. MetLife Investment Advisors LLC now owns 59,456 shares of the bank’s stock valued at $4,215,000 after purchasing an additional 11,158 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of UMB Financial by 19.6% during the 3rd quarter. Pacer Advisors Inc. now owns 16,320 shares of the bank’s stock valued at $1,157,000 after purchasing an additional 2,678 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of UMB Financial by 0.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 102,143 shares of the bank’s stock valued at $7,242,000 after purchasing an additional 939 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of UMB Financial during the 3rd quarter valued at $283,000. 88.07% of the stock is currently owned by institutional investors.
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About UMB Financial
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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