Insider Selling: UMB Financial (NASDAQ:UMBF) Director Sells $52,246.80 in Stock

UMB Financial Corporation (NASDAQ:UMBFGet Free Report) Director Kevin Charles Gallagher sold 360 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $145.13, for a total transaction of $52,246.80. Following the completion of the sale, the director owned 11,863 shares of the company’s stock, valued at approximately $1,721,677.19. The trade was a 2.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kevin Charles Gallagher also recently made the following trade(s):

  • On Wednesday, June 10th, Kevin Charles Gallagher sold 381 shares of UMB Financial stock. The shares were sold at an average price of $132.88, for a total transaction of $50,627.28.

UMB Financial Stock Performance

UMB Financial stock opened at $145.73 on Monday. UMB Financial Corporation has a 12 month low of $103.38 and a 12 month high of $149.98. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.07 billion, a P/E ratio of 12.13, a P/E/G ratio of 0.77 and a beta of 0.77. The company’s fifty day simple moving average is $138.73 and its 200-day simple moving average is $127.86.

UMB Financial’s stock is going to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly minted shares will be issued to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBFGet Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.12 by $0.45. The business had revenue of $778.00 million during the quarter, compared to analyst estimates 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 last year, the company earned $2.96 earnings per share. As a group, sell-side analysts forecast that UMB Financial Corporation will post 13.37 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.50 per share. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. 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%. UMB Financial’s dividend payout ratio (DPR) is 14.32%.

UMB Financial News Roundup

Here are the key news stories impacting UMB Financial this week:

  • Positive Sentiment: UMB Financial’s second-quarter earnings exceeded expectations, with earnings per share of $3.57 versus the $3.12 consensus estimate and revenue of $778 million compared with forecasts of $727.63 million. The earnings beat has helped drive renewed investor momentum. UMB Financial Reaches New 12-Month High Following Strong Earnings
  • Positive Sentiment: Keefe, Bruyette & Woods raised its price target from $155 to $160 and maintained an “outperform” rating, implying additional upside from recent trading levels. Benzinga analyst price-target report
  • Positive Sentiment: RBC Capital Markets reiterated its “buy” stance, while Zacks identified UMB Financial as a strong momentum stock based on its style-score methodology. RBC Capital Markets maintains buy rating Zacks momentum-stock analysis
  • Neutral Sentiment: Management signaled third-quarter operating expenses of approximately $390 million and expects the core margin to remain relatively flat. The outlook suggests stable operations but limited near-term margin expansion. UMB Financial third-quarter operating outlook
  • Negative Sentiment: Director Kevin Charles Gallagher sold 360 shares for approximately $52,247, reducing his holdings by 2.95%. Insider Robert Brian Beaird separately sold 1,600 shares worth about $231,040, cutting his position by 15.18%. The sales may weigh modestly on sentiment, although insider transactions do not necessarily indicate a change in business outlook. Gallagher SEC filing Beaird SEC filing

Hedge Funds Weigh In On UMB Financial

Several large investors have recently made changes to their positions in UMBF. MBM Wealth Consultants LLC acquired a new stake in UMB Financial in the 1st quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of UMB Financial in the fourth quarter valued at approximately $27,000. Axiom Investment Management LLC acquired a new stake in shares of UMB Financial in the first quarter worth $28,000. Hilton Head Capital Partners LLC bought a new position in UMB Financial during the fourth quarter worth $34,000. Finally, Torren Management LLC acquired a new position in UMB Financial during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup reissued a “neutral” rating and issued a $162.00 price target (up from $144.00) on shares of UMB Financial in a research note on Friday. TD Cowen reaffirmed a “buy” rating and set a $166.00 price objective (up from $161.00) on shares of UMB Financial in a research report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 target price (up from $168.00) on shares of UMB Financial in a research report on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and set a $181.00 price target (up from $161.00) on shares of UMB Financial in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.83.

Check Out Our Latest Stock Report on UMBF

About UMB Financial

(Get Free Report)

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.

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