Insider Selling: UMB Financial Co. (NASDAQ:UMBF) CEO Sells 24,300 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 24,300 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $108.83, for a total transaction of $2,644,569.00. Following the transaction, the chief executive officer now owns 1,576,604 shares in the company, valued at $171,581,813.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, October 1st, J Mariner Kemper sold 24,300 shares of UMB Financial stock. The shares were sold at an average price of $101.81, for a total transaction of $2,473,983.00.
• On Tuesday, August 6th, J Mariner Kemper sold 10,115 shares of UMB Financial stock. The stock was sold at an average price of $93.00, for a total value of $940,695.00.

UMB Financial Trading Down 0.3 %

Shares of UMBF stock traded down $0.32 on Monday, hitting $107.96. 508,707 shares of the company’s stock traded hands, compared to its average volume of 361,669. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 13.54 and a beta of 0.78. The company’s fifty day simple moving average is $105.14 and its 200 day simple moving average is $93.31. UMB Financial Co. has a one year low of $65.48 and a one year high of $113.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The company had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. During the same quarter in the previous year, the company posted $2.02 EPS. Equities analysts forecast that UMB Financial Co. will post 9.09 EPS for the current year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a $0.40 dividend. This is a boost 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 annualized dividend and a dividend yield of 1.48%. UMB Financial’s dividend payout ratio (DPR) is currently 20.00%.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in shares of UMB Financial during the third quarter valued at approximately $26,000. Covestor Ltd raised its holdings in UMB Financial by 31.0% in the 3rd 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. 1620 Investment Advisors Inc. purchased a new stake in shares of UMB Financial in the 2nd quarter worth about $128,000. Heritage Family Offices LLP bought a new stake in shares of UMB Financial during the 3rd quarter valued at about $203,000. Finally, CWM LLC lifted its holdings in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares during the period. 87.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on UMBF. Wells Fargo & Company upped 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. Barclays lifted their price objective on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday. Piper Sandler boosted their target price on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Citigroup initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

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.