Insider Selling: UMB Financial Co. (NASDAQ:UMBF) CEO Sells 24,300 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $101.81, for a total transaction of $2,473,983.00. Following the sale, the chief executive officer now directly owns 1,600,904 shares in the company, valued at $162,988,036.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, August 6th, J Mariner Kemper sold 10,115 shares of UMB Financial stock. The shares were sold at an average price of $93.00, for a total transaction of $940,695.00.
• On Friday, August 2nd, J Mariner Kemper sold 124 shares of UMB Financial stock. The shares were sold at an average price of $95.26, for a total transaction of $11,812.24.

UMB Financial Stock Performance

UMBF traded up $0.34 during trading on Wednesday, hitting $101.49. 328,203 shares of the company traded hands, compared to its average volume of 360,794. The firm has a market cap of $4.95 billion, a P/E ratio of 13.43 and a beta of 0.78. The stock’s fifty day moving average is $100.30 and its 200 day moving average is $89.32. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.12. UMB Financial Co. has a one year low of $57.91 and a one year high of $109.42.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.15. The company had revenue of $390.03 million during the quarter, compared to analyst estimates of $384.96 million. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. As a group, equities analysts predict that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 1.54%. UMB Financial’s dividend payout ratio is presently 20.72%.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC purchased a new stake in shares of UMB Financial in the second quarter worth about $3,808,000. BNP Paribas Financial Markets lifted its holdings in shares of UMB Financial by 35.0% in the first quarter. BNP Paribas Financial Markets now owns 24,511 shares of the bank’s stock worth $2,132,000 after buying an additional 6,351 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of UMB Financial by 9.2% in the first 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. Sei Investments Co. lifted its holdings in shares of UMB Financial by 9.4% in the first quarter. Sei Investments Co. now owns 170,363 shares of the bank’s stock worth $14,820,000 after buying an additional 14,674 shares in the last quarter. Finally, Interval Partners LP purchased a new stake in shares of UMB Financial in the second quarter worth about $3,286,000. Institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of analyst reports. Barclays upped their price objective on shares of UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their target price on shares of UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, Piper Sandler upped their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Two equities 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $102.33.

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.