UMB Financial (NASDAQ:UMBF) President James Rine Sells 8,246 Shares

UMB Financial Corporation (NASDAQ:UMBF) President James Rine sold 8,246 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total value of $1,093,337.14. Following the transaction, the president owned 61,446 shares in the company, valued at $8,147,125.14. The trade was a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

UMB Financial Trading Up 0.1%

Shares of UMB Financial stock traded up $0.09 on Wednesday, reaching $131.91. 547,654 shares of the company’s stock were exchanged, compared to its average volume of 607,367. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a 52 week low of $98.16 and a 52 week high of $136.11. The firm’s 50-day moving average is $125.08 and its two-hundred day moving average is $121.15. The company has a market capitalization of $10.02 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 0.88 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The company had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.79 million. During the same period in the prior year, the firm earned $2.58 earnings per share. UMB Financial’s revenue for the quarter was up 31.1% on a year-over-year basis. Sell-side analysts predict that UMB Financial Corporation will post 12.76 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. UMB Financial’s dividend payout ratio is presently 15.26%.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. raised its position in 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 buying an additional 493,875 shares during the last quarter. State Street Corp increased its position 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 valued at $453,461,000 after purchasing an additional 313,414 shares during the last quarter. Wellington Management Group LLP increased 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 purchasing an additional 751,525 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of UMB Financial by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after purchasing an additional 55,005 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of UMB Financial by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after purchasing an additional 33,078 shares during the last quarter. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UMBF shares. Royal Bank Of Canada upped their target price on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Morgan Stanley lowered their target price on UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Zacks Research raised UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Truist Financial set a $140.00 price target on UMB Financial in a research report on Friday, May 1st. Finally, Barclays increased their price target on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $145.55.

UMB Financial Company Profile

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.