Phillip James Mason Sells 800 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) insider Phillip James Mason sold 800 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total value of $117,600.00. Following the sale, the insider directly owned 8,894 shares in the company, valued at approximately $1,307,418. The trade was a 8.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

UMB Financial Stock Up 0.9%

UMB Financial stock traded up $1.29 during trading hours on Tuesday, reaching $148.33. The stock had a trading volume of 703,631 shares, compared to its average volume of 638,357. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.77 and a beta of 0.77. The business’s 50 day moving average price is $139.04 and its 200-day moving average price is $128.06. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $150.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial shares are going to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be issued to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The business had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. During the same period last year, the business earned $2.96 EPS. Sell-side analysts anticipate that UMB Financial Corporation will post 13.37 EPS for the current year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.3%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. UMB Financial’s payout ratio is 16.65%.

Wall Street Analysts Forecast Growth

UMBF has been the subject of several analyst reports. Citigroup reiterated a “neutral” rating and set a $162.00 price objective (up from $144.00) on shares of UMB Financial in a report on Friday. Wells Fargo & Company boosted their target price on UMB Financial from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Stephens started coverage on UMB Financial in a research report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 target price on the stock. Barclays reiterated an “overweight” rating and issued a $175.00 price target (up from $170.00) on shares of UMB Financial in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Institutional Trading of UMB Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its holdings in shares of UMB Financial by 290.2% in the first quarter. Hsbc Holdings PLC now owns 13,355 shares of the bank’s stock valued at $1,506,000 after purchasing an additional 9,932 shares during the period. B. Metzler seel. Sohn & Co. AG increased its holdings in UMB Financial by 40.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 38,261 shares of the bank’s stock worth $4,402,000 after buying an additional 11,083 shares during the period. Farther Finance Advisors LLC raised its position in UMB Financial by 5,349.0% during the 4th quarter. Farther Finance Advisors LLC now owns 13,568 shares of the bank’s stock worth $1,561,000 after buying an additional 13,319 shares during the last quarter. Clearbridge Investments LLC lifted its stake in UMB Financial by 1.5% during the 4th quarter. Clearbridge Investments LLC now owns 614,037 shares of the bank’s stock valued at $70,639,000 after acquiring an additional 9,147 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of UMB Financial by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after acquiring an additional 55,005 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 (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.