UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper Sells 8,450 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 8,450 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $83.33, for a total transaction of $704,138.50. Following the sale, the chief executive officer now owns 1,681,904 shares in the company, valued at approximately $140,153,060.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, June 3rd, J Mariner Kemper sold 2,000 shares of UMB Financial stock. The shares were sold at an average price of $81.39, for a total transaction of $162,780.00.
• On Tuesday, May 14th, J Mariner Kemper sold 2,100 shares of UMB Financial stock. The shares were sold at an average price of $83.86, for a total transaction of $176,106.00.
• On Wednesday, May 1st, J Mariner Kemper sold 2,302 shares of UMB Financial stock. The shares were sold at an average price of $80.72, for a total transaction of $185,817.44.

UMB Financial Stock Performance

UMBF stock opened at $83.71 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $82.02 and a two-hundred day moving average of $81.83. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 11.12 and a beta of 0.80. UMB Financial Co. has a 12 month low of $57.84 and a 12 month high of $87.36.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Monday, April 29th. The bank reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.62. The business had revenue of $405.19 million during the quarter, compared to the consensus estimate of $369.80 million. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. As a group, equities analysts anticipate that UMB Financial Co. will post 8.41 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 10th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Monday, June 10th. UMB Financial’s dividend payout ratio is currently 20.72%.

Institutional Trading of UMB Financial

Several large investors have recently modified their holdings of the company. Retirement Systems of Alabama boosted its holdings in shares of UMB Financial by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock worth $4,771,000 after buying an additional 144 shares during the period. US Bancorp DE boosted its holdings in UMB Financial by 1.4% in the 4th quarter. US Bancorp DE now owns 12,358 shares of the bank’s stock valued at $1,033,000 after purchasing an additional 169 shares during the period. AlphaMark Advisors LLC boosted its holdings in UMB Financial by 5.1% in the 4th quarter. AlphaMark Advisors LLC now owns 3,964 shares of the bank’s stock valued at $331,000 after purchasing an additional 194 shares during the period. Comerica Bank boosted its holdings in UMB Financial by 1.2% in the 4th quarter. Comerica Bank now owns 18,816 shares of the bank’s stock valued at $1,572,000 after purchasing an additional 224 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in UMB Financial by 2.4% in the 1st quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the bank’s stock valued at $1,096,000 after purchasing an additional 300 shares during the period. 87.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UMBF has been the topic of several research reports. Keefe, Bruyette & Woods upgraded shares of UMB Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $93.00 to $98.00 in a research note on Friday, May 31st. Wells Fargo & Company upped their price objective on shares of UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. Barclays boosted their target price on shares of UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, June 24th. Finally, StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 16th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $93.67.

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.