UMB Financial (NASDAQ:UMBF) Director Kevin Charles Gallagher Sells 360 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 360 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $145.13, for a total value of $52,246.80. Following the transaction, the director owned 11,863 shares in the company, valued at approximately $1,721,677.19. This trade represents a 2.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kevin Charles Gallagher also recently made the following trade(s):

• On Wednesday, June 10th, Kevin Charles Gallagher sold 381 shares of UMB Financial stock. The shares were sold at an average price of $132.88, for a total value of $50,627.28.

UMB Financial Trading Up 0.2%

UMB Financial stock opened at $145.73 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.76. The stock has a market cap of $11.07 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.78 and a beta of 0.77. The stock has a 50-day moving average of $138.73 and a two-hundred day moving average of $127.80. UMB Financial Corporation has a one year low of $103.38 and a one year high of $149.98.

UMB Financial shares are scheduled to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be distributed to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The business had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. During the same quarter in the previous year, the firm earned $2.96 earnings per share. On average, research analysts anticipate that UMB Financial Corporation will post 13.26 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is 16.65%.

Key UMB Financial News

Here are the key news stories impacting UMB Financial this week:

• Positive Sentiment: UMB Financial’s second-quarter earnings exceeded expectations, with earnings per share of $3.57 versus the $3.12 consensus estimate and revenue of $778 million compared with forecasts of $727.63 million. The earnings beat has helped drive renewed investor momentum. UMB Financial Reaches New 12-Month High Following Strong Earnings
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target from $155 to $160 and maintained an “outperform” rating, implying additional upside from recent trading levels. Benzinga analyst price-target report
• Positive Sentiment: RBC Capital Markets reiterated its “buy” stance, while Zacks identified UMB Financial as a strong momentum stock based on its style-score methodology. RBC Capital Markets maintains buy rating Zacks momentum-stock analysis
• Neutral Sentiment: Management signaled third-quarter operating expenses of approximately $390 million and expects the core margin to remain relatively flat. The outlook suggests stable operations but limited near-term margin expansion. UMB Financial third-quarter operating outlook
• Negative Sentiment: Director Kevin Charles Gallagher sold 360 shares for approximately $52,247, reducing his holdings by 2.95%. Insider Robert Brian Beaird separately sold 1,600 shares worth about $231,040, cutting his position by 15.18%. The sales may weigh modestly on sentiment, although insider transactions do not necessarily indicate a change in business outlook. Gallagher SEC filing Beaird SEC filing

Hedge Funds Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently bought and sold shares of UMBF. MBM Wealth Consultants LLC purchased a new position in UMB Financial during the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of UMB Financial in the 4th quarter valued at $27,000. Axiom Investment Management LLC purchased a new stake in shares of UMB Financial in the 1st quarter valued at $28,000. Hilton Head Capital Partners LLC acquired a new stake in shares of UMB Financial in the fourth quarter worth $34,000. Finally, Torren Management LLC acquired a new stake in shares of UMB Financial in the fourth quarter worth $37,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on UMBF shares. Citigroup reaffirmed a “neutral” rating and issued a $162.00 price target (up from $144.00) on shares of UMB Financial in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 price objective (up from $168.00) on shares of UMB Financial in a report on Thursday. Stephens initiated coverage on UMB Financial in a research report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 target price on the stock. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, TD Cowen reaffirmed a “buy” rating and set a $166.00 price target (up from $161.00) on shares of UMB Financial in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.83.

About UMB Financial

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.