Insider Selling: UMB Financial Co. (NASDAQ:UMBF) Insider Sells $65,046.62 in Stock

UMB Financial Co. (NASDAQ:UMBF) insider Robert Brian Beaird sold 698 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $93.19, for a total value of $65,046.62. Following the transaction, the insider now owns 6,682 shares of the company’s stock, valued at approximately $622,695.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UMB Financial Trading Down 0.5 %

NASDAQ:UMBF opened at $91.73 on Thursday. The company has a market capitalization of $4.47 billion, a P/E ratio of 12.18 and a beta of 0.80. The stock’s 50 day moving average price is $86.78 and its 200 day moving average price is $83.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.73. UMB Financial Co. has a 52 week low of $57.91 and a 52 week high of $105.21.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.15. The firm had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 EPS. On average, research analysts forecast that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, September 10th. UMB Financial’s dividend payout ratio is 20.72%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on UMBF shares. Piper Sandler upped their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Wells Fargo & Company upped their price target on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Barclays raised their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $93.00 to $98.00 in a research report on Friday, May 31st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and an average price target of $102.33.

Institutional Investors Weigh In On UMB Financial

Several large investors have recently modified their holdings of the stock. Assetmark Inc. bought a new position in shares of UMB Financial during the 4th quarter worth approximately $28,000. 1620 Investment Advisors Inc. bought a new position in shares of UMB Financial during the second quarter valued at $128,000. CWM LLC lifted its holdings in shares of UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after acquiring an additional 129 shares during the period. Mackenzie Financial Corp bought a new stake in shares of UMB Financial in the 4th quarter worth about $228,000. Finally, Quadrant Capital Group LLC lifted its holdings in UMB Financial by 42.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock valued at $229,000 after purchasing an additional 819 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

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.