UMB Financial (NASDAQ:UMBF) CEO J Mariner Kemper Sells 4,200 Shares

UMB Financial Corporation (NASDAQ:UMBF) CEO J Mariner Kemper sold 4,200 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.27, for a total transaction of $618,534.00. Following the transaction, the chief executive officer directly owned 5,561 shares of the company’s stock, valued at $818,968.47. The trade was a 43.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

UMB Financial Trading Up 0.9%

Shares of NASDAQ UMBF traded up $1.29 during midday trading on Tuesday, reaching $148.33. The stock had a trading volume of 703,631 shares, compared to its average volume of 638,357. The company’s 50 day moving average price is $139.04 and its 200 day moving average price is $128.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Corporation has a twelve month low of $103.38 and a twelve month high of $150.00. The firm has a market cap of $11.27 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.77 and a beta of 0.77.

UMB Financial’s stock is set to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be issued to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.45. The company had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same period in the prior year, the company posted $2.96 earnings per share. As a group, sell-side analysts expect that UMB Financial Corporation will post 13.37 EPS for the current 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 dividend of $0.50 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. UMB Financial’s payout ratio is currently 16.65%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Handelsbanken Fonder AB grew its holdings in UMB Financial by 217.0% during the second quarter. Handelsbanken Fonder AB now owns 176,840 shares of the bank’s stock worth $25,246,000 after buying an additional 121,050 shares in the last quarter. Friday Financial boosted its holdings in UMB Financial by 5.9% during the 2nd quarter. Friday Financial now owns 27,445 shares of the bank’s stock worth $4,007,000 after acquiring an additional 1,533 shares during the last quarter. GoalVest Advisory LLC bought a new stake in shares of UMB Financial in the 2nd quarter worth $131,000. GAMMA Investing LLC raised its holdings in shares of UMB Financial by 23.7% in the second quarter. GAMMA Investing LLC now owns 1,783 shares of the bank’s stock valued at $255,000 after purchasing an additional 342 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of UMB Financial by 48.9% in the second quarter. Versant Capital Management Inc now owns 1,298 shares of the bank’s stock valued at $185,000 after purchasing an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UMBF. Wells Fargo & Company increased their price target on UMB Financial from $130.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Weiss Ratings restated a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th. Barclays restated an “overweight” rating and set a $175.00 price objective (up from $170.00) on shares of UMB Financial in a report on Monday. Citigroup reaffirmed a “neutral” rating and issued a $162.00 price objective (up from $144.00) on shares of UMB Financial in a research note on Friday. Finally, Truist Financial set a $170.00 price objective on shares of UMB Financial and gave the company a “buy” rating in a report on Tuesday. Two equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

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.