Kevin Charles Gallagher Sells 381 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 381 shares of the company’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total transaction of $50,627.28. Following the completion of the transaction, the director directly owned 12,223 shares of the company’s stock, valued at $1,624,192.24. This represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

UMB Financial Trading Up 0.4%

Shares of UMB Financial stock opened at $132.51 on Friday. The company has a market capitalization of $10.07 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.90 and a beta of 0.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The company has a fifty day moving average of $125.91 and a 200 day moving average of $121.51. UMB Financial Corporation has a fifty-two week low of $98.16 and a fifty-two week high of $136.11.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million during the quarter, compared to the consensus estimate of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. UMB Financial’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. On average, sell-side analysts anticipate that UMB Financial Corporation will post 12.76 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 annualized dividend and a yield of 1.3%. UMB Financial’s dividend payout ratio is currently 15.26%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UMBF shares. Barclays upped their target price on shares of UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Piper Sandler boosted their price target on shares of UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Hovde Group boosted their price target on shares of UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada boosted their price target on shares of UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, UMB Financial has an average rating of “Buy” and a consensus price target of $145.55.

Institutional Trading of UMB Financial

Several hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in UMB Financial by 7.5% in the 1st quarter. NewEdge Advisors LLC now owns 10,440 shares of the bank’s stock worth $1,178,000 after purchasing an additional 727 shares in the last quarter. Axiom Investment Management LLC purchased a new stake in shares of UMB Financial during the 1st quarter valued at about $28,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of UMB Financial during the 1st quarter valued at about $259,000. Bank of America Corp DE raised its position in shares of UMB Financial by 7.0% during the 1st quarter. Bank of America Corp DE now owns 695,276 shares of the bank’s stock valued at $78,420,000 after buying an additional 45,547 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of UMB Financial during the 1st quarter valued at about $7,404,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

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.