UMB Financial Co. (NASDAQ:UMBF) CEO Sells $380,135.00 in Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 3,500 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $108.61, for a total value of $380,135.00. Following the transaction, the chief executive officer now directly owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 2nd, J Mariner Kemper sold 24,300 shares of UMB Financial stock. The stock was sold at an average price of $124.95, for a total value of $3,036,285.00.

UMB Financial Stock Performance

UMBF traded up $0.31 during midday trading on Tuesday, hitting $106.99. 596,395 shares of the company were exchanged, compared to its average volume of 809,869. The company’s 50 day simple moving average is $114.99 and its 200 day simple moving average is $111.90. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 11.90 and a beta of 0.82. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the previous year, the company earned $2.29 earnings per share. As a group, sell-side analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is presently 17.80%.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several research analyst reports. Morgan Stanley began coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 target price on the stock. Barclays boosted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Wells Fargo & Company raised their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler increased their price objective on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.14.

Institutional Trading of UMB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares in the last quarter. USA Financial Formulas boosted its position in UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in UMB Financial in the third quarter valued at approximately $83,000. Venturi Wealth Management LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at approximately $96,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of UMB Financial in the fourth quarter valued at approximately $103,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Company Profile

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.