UMB Financial Co. (NASDAQ:UMBF) Insider Robert Brian Beaird Sells 854 Shares

UMB Financial Co. (NASDAQ:UMBF) insider Robert Brian Beaird sold 854 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

UMB Financial Trading Up 2.4 %

UMBF stock traded up $2.94 during midday trading on Thursday, reaching $123.13. 220,527 shares of the company’s stock traded hands, compared to its average volume of 365,386. UMB Financial Co. has a fifty-two week low of $69.96 and a fifty-two week high of $128.73. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $6.01 billion, a P/E ratio of 15.02 and a beta of 0.78. The business has a 50-day moving average price of $109.99 and a two-hundred day moving average price of $96.78.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The company had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same quarter last year, the business earned $2.02 earnings per share. Equities research analysts forecast that UMB Financial Co. will post 9.33 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. UMB Financial’s payout ratio is currently 19.50%.

Wall Street Analyst Weigh In

Several research firms have recently commented on UMBF. Piper Sandler upped their price objective on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Citigroup started coverage on UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective on the stock. Wells Fargo & Company upped their price target on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Barclays upped their target price on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, Morgan Stanley began coverage on shares of UMB Financial in a research note on Thursday. They issued an “overweight” rating and a $156.00 price objective on the stock. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $120.86.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors have recently bought and sold shares of UMBF. Covestor Ltd increased its position in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares during the period. CWM LLC lifted its position in UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after acquiring an additional 129 shares during the last quarter. Truist Financial Corp grew its stake in UMB Financial by 3.3% during the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock worth $354,000 after buying an additional 136 shares in the last quarter. Commerce Bank lifted its stake in UMB Financial by 0.3% in the 3rd quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after purchasing an additional 142 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of UMB Financial by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock worth $4,496,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Company Profile

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.