Insider Selling: UMB Financial Co. (NASDAQ:UMBF) CEO Sells 8,450 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 8,450 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $83.33, for a total value of $704,138.50. Following the transaction, the chief executive officer now directly owns 1,681,904 shares of the company’s stock, valued at $140,153,060.32. 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 Monday, June 3rd, J Mariner Kemper sold 2,000 shares of UMB Financial stock. The shares were sold at an average price of $81.39, for a total value of $162,780.00.
• On Tuesday, May 14th, J Mariner Kemper sold 2,100 shares of UMB Financial stock. The stock was sold at an average price of $83.86, for a total transaction of $176,106.00.
• On Wednesday, May 1st, J Mariner Kemper sold 2,302 shares of UMB Financial stock. The shares were sold at an average price of $80.72, for a total transaction of $185,817.44.

UMB Financial Trading Down 1.5 %

UMB Financial stock opened at $82.46 on Thursday. The company has a 50 day moving average price of $81.97 and a 200 day moving average price of $81.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Co. has a 52 week low of $57.84 and a 52 week high of $87.36. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 10.95 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Monday, April 29th. The bank reported $2.47 EPS for the quarter, topping the consensus estimate of $1.85 by $0.62. The business had revenue of $405.19 million during the quarter, compared to analysts’ expectations of $369.80 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. Research analysts forecast that UMB Financial Co. will post 8.41 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 10th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Monday, June 10th. UMB Financial’s dividend payout ratio (DPR) is 20.72%.

Institutional Trading of UMB Financial

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in UMB Financial by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after buying an additional 394,578 shares in the last quarter. Wellington Management Group LLP boosted its position in UMB Financial by 73.5% during the third quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank’s stock valued at $160,505,000 after purchasing an additional 1,095,630 shares during the last quarter. Victory Capital Management Inc. boosted its position in UMB Financial by 15.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank’s stock valued at $166,875,000 after purchasing an additional 265,399 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in UMB Financial by 3.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,905,072 shares of the bank’s stock valued at $165,722,000 after purchasing an additional 63,022 shares in the last quarter. Finally, American Century Companies Inc. increased its position in UMB Financial by 4.3% in the 3rd quarter. American Century Companies Inc. now owns 1,817,350 shares of the bank’s stock worth $112,767,000 after purchasing an additional 75,140 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UMBF. Wells Fargo & Company increased their target price on shares of UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Barclays lifted their target price on UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, June 24th. Finally, Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $93.00 to $98.00 in a research report on Friday, May 31st. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, UMB Financial presently has an average rating of “Moderate Buy” and an average target price of $93.67.

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.