UMB Financial (NASDAQ:UMBF) Insider Sells $117,600.00 in Stock

UMB Financial Corporation (NASDAQ:UMBF) insider Phillip James Mason sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $147.00, for a total transaction of $117,600.00. Following the sale, the insider owned 8,894 shares of the company’s stock, valued at $1,307,418. This trade represents a 8.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

UMB Financial Stock Performance

NASDAQ UMBF traded down $0.84 during trading hours on Friday, hitting $145.02. 114,305 shares of the company’s stock traded hands, compared to its average volume of 624,207. The business’s fifty day moving average price is $143.63 and its two-hundred day moving average price is $130.28. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $11.01 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.72 and a beta of 0.77. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $153.32.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The company had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. During the same period in the previous year, the business posted $2.96 earnings per share. Equities research analysts predict that UMB Financial Corporation will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. UMB Financial’s payout ratio is presently 14.32%.

Hedge Funds Weigh In On UMB Financial

Hedge funds have recently modified their holdings of the stock. MBM Wealth Consultants LLC purchased a new position in shares of UMB Financial in the first quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of UMB Financial in the fourth quarter worth $27,000. Axiom Investment Management LLC purchased a new position in shares of UMB Financial in the first quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of UMB Financial in the second quarter worth $38,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of UMB Financial in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Wells Fargo & Company set a $160.00 price target on shares of UMB Financial and gave the company an “equal weight” rating in a report on Monday, August 10th. Barclays reaffirmed an “overweight” rating and set a $175.00 price target (up from $170.00) on shares of UMB Financial in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a report on Friday, July 24th. Hovde Group lifted their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. assumed coverage on shares of UMB Financial in a report on Thursday. They set an “overweight” rating and a $180.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

About UMB Financial

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.