J Mariner Kemper Sells 24,300 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 24,300 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $108.83, for a total value of $2,644,569.00. Following the transaction, the chief executive officer now owns 1,576,604 shares of the company’s stock, valued at $171,581,813.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

J Mariner Kemper also recently made the following trade(s):

• On Tuesday, October 1st, J Mariner Kemper sold 24,300 shares of UMB Financial stock. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00.
• On Tuesday, August 6th, J Mariner Kemper sold 10,115 shares of UMB Financial stock. The stock was sold at an average price of $93.00, for a total transaction of $940,695.00.

UMB Financial Price Performance

Shares of UMBF traded down $0.32 during mid-day trading on Monday, reaching $107.96. The stock had a trading volume of 508,707 shares, compared to its average volume of 361,669. UMB Financial Co. has a 12 month low of $65.48 and a 12 month high of $113.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.76. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 13.54 and a beta of 0.78. The business has a fifty day moving average of $105.14 and a 200 day moving average of $93.31.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm had revenue of $716.44 million for the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter last year, the business posted $2.02 earnings per share. Equities analysts predict that UMB Financial Co. will post 9.09 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. UMB Financial’s payout ratio is 20.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UMBF shares. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They issued a “buy” rating and a $127.00 price objective for the company. Barclays upped their price target on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Piper Sandler upped their target price on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.00.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of UMB Financial by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock worth $409,321,000 after buying an additional 394,578 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of UMB Financial by 2.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock worth $163,066,000 after buying an additional 49,690 shares during the period. American Century Companies Inc. grew its stake in UMB Financial by 6.8% during the 2nd quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock valued at $146,196,000 after purchasing an additional 111,090 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in UMB Financial by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after buying an additional 100,000 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after purchasing an additional 694,751 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.