UMB Financial Co. (NASDAQ:UMBF) Director Sells $60,146.51 in Stock

UMB Financial Co. (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

UMB Financial Price Performance

UMBF stock opened at $116.34 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $5.68 billion, a P/E ratio of 12.94 and a beta of 0.82. The business has a 50 day simple moving average of $118.22 and a 200-day simple moving average of $110.34. UMB Financial Co. has a twelve month low of $76.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same quarter in the previous year, the company posted $2.29 earnings per share. As a group, equities analysts anticipate that UMB Financial Co. will post 9.51 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio is currently 17.80%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UMBF. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Wells Fargo & Company raised their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a report on Thursday, January 30th. Citigroup reiterated 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. Finally, Barclays boosted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.14.

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in UMB Financial during the 3rd quarter worth approximately $26,000. Covestor Ltd lifted its holdings in shares of 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 during the period. USA Financial Formulas grew its position in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after buying an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in UMB Financial in the 3rd quarter valued at $83,000. Finally, Venturi Wealth Management LLC acquired a new position in UMB Financial in the 4th quarter valued at $96,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

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.