UMB Financial (NASDAQ:UMBF) Director Sells $200,422.35 in Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Susan Murphy sold 1,377 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total transaction of $200,422.35. Following the completion of the transaction, the director owned 10,635 shares of the company’s stock, valued at $1,547,924.25. This trade represents a 11.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

UMB Financial Price Performance

NASDAQ UMBF opened at $145.60 on Monday. The stock has a fifty day moving average of $140.19 and a 200-day moving average of $128.75. The stock has a market capitalization of $11.06 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.71 and a beta of 0.77. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $150.00. 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 shares are scheduled to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly minted shares will be issued to shareholders after the market closes 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 (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter in the prior year, the firm posted $2.96 earnings per share. On average, equities research analysts forecast that UMB Financial Corporation will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

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

Institutional Investors Weigh In On UMB Financial

Large investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its holdings in shares of UMB Financial by 4.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in UMB Financial by 3.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock valued at $335,000 after buying an additional 108 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in UMB Financial by 1.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after buying an additional 112 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in UMB Financial by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after buying an additional 125 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in UMB Financial by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock worth $450,000 after buying an additional 129 shares during the period. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UMBF shares. Truist Financial set a $170.00 price target on shares of UMB Financial and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Barclays reaffirmed an “overweight” rating and issued a $175.00 price objective (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Stephens assumed coverage on shares of UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 target price for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of UMB Financial in a research report on Friday, July 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up from $168.00) on shares of UMB Financial in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.