UMB Financial (NASDAQ:UMBF) Director Sells $50,627.28 in Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 381 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the transaction, the director directly owned 12,223 shares in the company, valued at $1,624,192.24. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

UMB Financial Price Performance

UMBF stock opened at $135.37 on Friday. The stock has a market capitalization of $10.29 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.78. The company’s 50-day moving average is $126.33 and its 200-day moving average is $121.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. UMB Financial Corporation has a 1 year low of $98.16 and a 1 year high of $136.11.

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

UMB Financial Dividend Announcement

The business also recently disclosed 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 15.26%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TD Cowen raised their price target on shares of UMB Financial from $141.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research raised shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada raised their price target on shares of UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Piper Sandler raised their price target on shares of UMB Financial from $152.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley dropped their price target on shares of UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $145.55.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new stake in UMB Financial in the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new stake in UMB Financial in the 4th quarter valued at about $27,000. Axiom Investment Management LLC purchased a new stake in UMB Financial in the 1st quarter valued at about $28,000. Hilton Head Capital Partners LLC purchased a new stake in UMB Financial in the 4th quarter valued at about $34,000. Finally, Torren Management LLC purchased a new stake in UMB Financial in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

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.