UMB Financial Corporation (UMBF) to Distribute Quarterly Dividend of $0.50 on October 1st

UMB Financial Corporation (NASDAQ:UMBF) announced a quarterly dividend on Tuesday, July 28th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.50 per share by the bank on Thursday, October 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 16.3% increase from UMB Financial’s previous quarterly dividend of $0.43.

UMB Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 32 years. UMB Financial has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect UMB Financial to earn $13.60 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 12.6%.

UMB Financial Stock Performance

Shares of UMBF stock opened at $148.27 on Thursday. The company has a fifty day moving average price of $138.15 and a two-hundred day moving average price of $127.50. UMB Financial has a one year low of $103.38 and a one year high of $149.63. The stock has a market cap of $11.27 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial’s stock is scheduled to split on the morning of 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 quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.45. The company had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.59%. During the same period in the previous year, the business earned $2.96 EPS. As a group, equities analysts predict that UMB Financial will post 12.85 EPS for the current year.

Insider Activity

In related news, Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28. Following the transaction, the director directly owned 12,223 shares of the company’s stock, valued at approximately $1,624,192.24. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President James D. Rine sold 8,246 shares of UMB Financial stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the completion of the sale, the president owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This trade represents a 11.83% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.33% of the company’s stock.

Institutional Investors Weigh In On UMB Financial

A number of large investors have recently added to or reduced their stakes in the stock. MBM Wealth Consultants LLC acquired a new position in UMB Financial in the 1st quarter valued at $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of UMB Financial during the 4th quarter worth $27,000. Axiom Investment Management LLC acquired a new stake in shares of UMB Financial during the 1st quarter worth $28,000. Hilton Head Capital Partners LLC bought a new position in shares of UMB Financial in the fourth quarter worth $34,000. Finally, Torren Management LLC bought a new position in shares of UMB Financial in the fourth quarter worth $37,000. Institutional investors and hedge funds 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.