UMB Financial (NASDAQ:UMBF) Insider Sells $297,200.00 in Stock

UMB Financial Corporation (NASDAQ:UMBF) insider Nikki Farentino Newton sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total value of $297,200.00. Following the completion of the sale, the insider directly owned 11,981 shares in the company, valued at approximately $1,780,376.60. The trade was a 14.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

UMB Financial Stock Down 1.1%

UMBF opened at $145.13 on Friday. UMB Financial Corporation has a 12 month low of $103.38 and a 12 month high of $150.00. The business has a 50-day moving average of $139.90 and a two-hundred day moving average of $128.58. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.72 and a beta of 0.77.

UMB Financial’s stock is 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 payable to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping 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 business had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. During the same period in the prior year, the firm posted $2.96 EPS. On average, research analysts expect that UMB Financial Corporation will post 13.48 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 10th. UMB Financial’s dividend payout ratio (DPR) is currently 16.65%.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. lifted its holdings in shares of UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after acquiring an additional 1,286,543 shares in the last quarter. Wellington Management Group LLP boosted its position in UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares during the period. Norges Bank acquired a new stake in UMB Financial in the 4th quarter valued at $85,885,000. Bank of New York Mellon Corp acquired a new stake in UMB Financial in the 2nd quarter valued at $78,410,000. Finally, UMB Bank n.a. raised its position in UMB Financial by 11.4% in the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after purchasing an additional 493,875 shares during the period. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UMBF has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Truist Financial set a $170.00 price objective on UMB Financial and gave the stock a “buy” rating in a report on Tuesday. Barclays reaffirmed an “overweight” rating and issued a $175.00 target price (up from $170.00) on shares of UMB Financial in a research report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Finally, Stephens began coverage on UMB Financial in a research report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.00.

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.