UMB Financial (NASDAQ:UMBF) Director Kevin Charles Gallagher Sells 388 Shares

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 388 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $129.30, for a total transaction of $50,168.40. Following the transaction, the director owned 12,488 shares of the company’s stock, valued at approximately $1,614,698.40. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kevin Charles Gallagher also recently made the following trade(s):

• On Monday, November 10th, Kevin Charles Gallagher sold 460 shares of UMB Financial stock. The shares were sold at an average price of $110.71, for a total transaction of $50,926.60.

UMB Financial Trading Down 0.1%

Shares of UMB Financial stock traded down $0.09 during trading hours on Tuesday, hitting $127.96. The company’s stock had a trading volume of 664,515 shares, compared to its average volume of 540,437. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a 50 day moving average of $119.41 and a 200 day moving average of $116.16. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $131.60. The company has a market capitalization of $9.72 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.00 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. During the same quarter in the prior year, the firm earned $2.49 earnings per share. The firm’s revenue was up 66.0% compared to the same quarter last year. Analysts predict that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is 18.84%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Hovde Group started coverage on shares of UMB Financial in a research note on Monday, October 6th. They issued an “outperform” rating for the company. Keefe, Bruyette & Woods lifted their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Weiss Ratings cut shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Raymond James Financial reiterated a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a research note on Thursday, January 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. One investment analyst has 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.00.

Hedge Funds Weigh In On UMB Financial

Hedge funds have recently bought and sold shares of the company. State Street Corp increased its stake in shares of UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after purchasing an additional 313,414 shares during the last quarter. Wellington Management Group LLP increased 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in UMB Financial by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock valued at $335,264,000 after buying an additional 94,451 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of UMB Financial by 3.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank’s stock worth $213,688,000 after buying an additional 63,147 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in UMB Financial by 6.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock worth $194,173,000 after acquiring an additional 119,319 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

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.