Insider Selling: UMB Financial (NASDAQ:UMBF) CEO Sells 15,367 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) CEO J Mariner Kemper sold 15,367 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $114.58, for a total transaction of $1,760,750.86. Following the sale, the chief executive officer directly owned 1,521,414 shares in the company, valued at $174,323,616.12. The trade was a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

UMB Financial Price Performance

Shares of UMBF stock traded down $0.70 during mid-day trading on Monday, hitting $114.24. 472,127 shares of the stock were exchanged, compared to its average volume of 598,716. UMB Financial Corporation has a 52-week low of $82.00 and a 52-week high of $126.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.07. The company has a market cap of $8.68 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.15 and a beta of 0.78. The firm has a fifty day moving average of $111.85 and a 200 day moving average of $111.15.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. The company had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.UMB Financial’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 EPS. Research analysts anticipate that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.5%. UMB Financial’s dividend payout ratio (DPR) is presently 19.48%.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent research reports. TD Cowen lowered their target price on shares of UMB Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley increased their target price on shares of UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Wells Fargo & Company boosted their price target on shares of UMB Financial from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $135.00 price objective (down previously from $138.00) on shares of UMB Financial in a research note on Thursday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $145.00 price objective (down previously from $148.00) on shares of UMB Financial in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.20.

Institutional Investors Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in UMB Financial by 54.0% during the first quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank’s stock worth $741,342,000 after purchasing an additional 2,570,283 shares during the period. State Street Corp increased its holdings in shares of UMB Financial by 7.9% during the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after buying an additional 313,414 shares during the last quarter. Wellington Management Group LLP raised its position in shares of UMB Financial by 32.0% during the 3rd 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. Dimensional Fund Advisors LP lifted its holdings in UMB Financial by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock valued at $335,264,000 after acquiring an additional 94,451 shares during the last quarter. Finally, American Century Companies Inc. grew its position in UMB Financial by 7.7% in the first quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank’s stock worth $207,660,000 after acquiring an additional 146,585 shares during the period. 87.78% of the stock is currently owned by institutional investors and hedge funds.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.