Insider Selling: UMB Financial Co. (NASDAQ:UMBF) CEO Sells 1,440 Shares of Stock

UMB Financial Co. (NASDAQ:UMBFGet Free Report) CEO J Mariner Kemper sold 1,440 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $86.59, for a total transaction of $124,689.60. Following the sale, the chief executive officer now directly owns 1,762,904 shares in the company, valued at approximately $152,649,857.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

J Mariner Kemper also recently made the following trade(s):

  • On Monday, April 1st, J Mariner Kemper sold 11,170 shares of UMB Financial stock. The shares were sold at an average price of $85.28, for a total transaction of $952,577.60.
  • On Tuesday, March 12th, J Mariner Kemper sold 7,920 shares of UMB Financial stock. The shares were sold at an average price of $80.37, for a total transaction of $636,530.40.
  • On Friday, February 2nd, J Mariner Kemper sold 3,500 shares of UMB Financial stock. The shares were sold at an average price of $83.10, for a total transaction of $290,850.00.

UMB Financial Stock Down 0.0 %

Shares of UMB Financial stock opened at $83.21 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72. UMB Financial Co. has a 1 year low of $50.68 and a 1 year high of $87.36. The firm’s 50-day moving average is $81.72 and its two-hundred day moving average is $75.14. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 11.59 and a beta of 0.83.

UMB Financial (NASDAQ:UMBFGet Free Report) last issued its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The company had revenue of $370.80 million for the quarter, compared to analysts’ expectations of $360.69 million. During the same period in the prior year, the business earned $2.06 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. As a group, research analysts expect that UMB Financial Co. will post 7.29 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Friday, March 8th. UMB Financial’s dividend payout ratio is currently 21.73%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UMBF. Barclays began coverage on shares of UMB Financial in a research note on Friday, March 8th. They issued an “equal weight” rating and a $91.00 target price on the stock. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Piper Sandler increased their target price on shares of UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Finally, Raymond James increased their target price on shares of UMB Financial from $80.00 to $102.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Get Our Latest Research Report on UMB Financial

Institutional Trading of UMB Financial

Institutional investors have recently modified their holdings of the company. Assetmark Inc. bought a new stake in shares of UMB Financial in the 4th quarter valued at about $28,000. Captrust Financial Advisors boosted its holdings in shares of UMB Financial by 93.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank’s stock valued at $95,000 after buying an additional 536 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of UMB Financial in the 3rd quarter valued at about $74,000. KBC Group NV boosted its holdings in shares of UMB Financial by 142.2% in the 4th quarter. KBC Group NV now owns 1,434 shares of the bank’s stock valued at $120,000 after buying an additional 842 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of UMB Financial in the 1st quarter valued at approximately $216,000. 87.78% of the stock is currently owned by institutional investors.

UMB Financial Company Profile

(Get Free Report)

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.

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