UMB Financial (NASDAQ:UMBF) CEO Sells 15,062 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) CEO J Mariner Kemper sold 15,062 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the sale, the chief executive officer owned 1,491,138 shares in the company, valued at $221,508,549.90. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, August 3rd, J Mariner Kemper sold 4,200 shares of UMB Financial stock. The shares were sold at an average price of $147.27, for a total transaction of $618,534.00.

UMB Financial Price Performance

Shares of NASDAQ UMBF traded down $1.68 during mid-day trading on Thursday, reaching $145.13. 428,472 shares of the company traded hands, compared to its average volume of 636,049. UMB Financial Corporation has a fifty-two week low of $103.38 and a fifty-two week high of $150.00. The firm has a market cap of $11.02 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.73 and a beta of 0.77. The stock has a fifty day simple moving average of $139.62 and a 200-day simple moving average of $128.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

Shares of UMB Financial are set to split before the market opens on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be issued to shareholders after the closing bell on Monday, August 31st.

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

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is presently 14.32%.

Institutional Investors Weigh In On UMB Financial

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

Analysts Set New Price Targets

Several brokerages recently weighed in on UMBF. Barclays reaffirmed an “overweight” rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research note on Monday. Zacks Research downgraded shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price target (up from $168.00) on shares of UMB Financial in a report on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and issued a $166.00 price objective (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price objective on shares of UMB Financial from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.00.

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.