UMB Financial Co. (NASDAQ:UMBF) CEO Sells $380,135.00 in Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the completion of the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at approximately $36,313,427.67. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, December 2nd, J Mariner Kemper sold 24,300 shares of UMB Financial stock. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00.

UMB Financial Stock Up 0.3 %

UMBF opened at $106.99 on Wednesday. The business’s fifty day moving average is $114.99 and its two-hundred day moving average is $111.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 11.90 and a beta of 0.82. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the prior year, the business earned $2.29 EPS. Analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.50%. UMB Financial’s payout ratio is 17.80%.

Institutional Trading of UMB Financial

Institutional investors have recently bought and sold shares of the company. Covestor Ltd boosted its position in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares in the last quarter. USA Financial Formulas lifted its position in shares of UMB Financial by 124.7% in the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of UMB Financial in the third quarter valued at $83,000. Venturi Wealth Management LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at $96,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at $103,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UMBF. Wells Fargo & Company boosted their target price on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Morgan Stanley began coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Citigroup restated a “neutral” rating and issued a $127.00 price target (down from $130.00) on shares of UMB Financial in a research note on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.14.

About UMB Financial

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.