Robert Brian Beaird Sells 1,600 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) insider Robert Brian Beaird sold 1,600 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $144.40, for a total transaction of $231,040.00. Following the sale, the insider owned 8,943 shares of the company’s stock, valued at approximately $1,291,369.20. The trade was a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

UMB Financial Stock Up 0.2%

Shares of NASDAQ:UMBF opened at $145.73 on Friday. The stock has a market capitalization of $11.07 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 0.78 and a beta of 0.77. The stock’s 50-day moving average price is $138.73 and its 200-day moving average price is $127.80. The company has a current ratio of 0.76, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12-month low of $103.38 and a 12-month high of $149.98.

Shares of UMB Financial 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 payable to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. The company had revenue of $778.00 million during 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 previous year, the company posted $2.96 EPS. On average, equities analysts anticipate that UMB Financial Corporation will post 13.37 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.50 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. UMB Financial’s payout ratio is presently 14.32%.

Hedge Funds Weigh In On UMB Financial

Several hedge funds have recently made changes to their positions in the business. MBM Wealth Consultants LLC purchased a new stake in UMB Financial in the first quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new position in UMB Financial during the 4th quarter valued at $27,000. Axiom Investment Management LLC purchased a new position in UMB Financial during the 1st quarter valued at $28,000. Hilton Head Capital Partners LLC bought a new position in UMB Financial in the 4th quarter worth $34,000. Finally, Torren Management LLC bought a new position in UMB Financial in the 4th quarter worth $37,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

UMB Financial News Roundup

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Wells Fargo & Company upped their price target on shares of UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Barclays increased their price target on shares of UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Truist Financial raised their price target on shares of UMB Financial from $140.00 to $161.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $181.00 price objective (up from $161.00) on shares of UMB Financial in a research report on Thursday. Two 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.