UMB Financial Corporation (NASDAQ:UMBF – Get Free Report) Director Susan Murphy sold 1,377 shares of UMB Financial stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $145.55, for a total transaction of $200,422.35. Following the completion of the sale, the director directly owned 10,635 shares of the company’s stock, valued at approximately $1,547,924.25. The trade was a 11.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
UMB Financial Stock Up 0.3%
UMBF traded up $0.47 during trading on Friday, hitting $145.60. 399,180 shares of the company’s stock were exchanged, compared to its average volume of 634,470. UMB Financial Corporation has a fifty-two week low of $103.38 and a fifty-two week high of $150.00. The stock has a market cap of $11.06 billion, a P/E ratio of 12.12, a PEG ratio of 0.72 and a beta of 0.77. The business’s 50 day moving average is $139.90 and its two-hundred day moving average is $128.58. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.
Shares of UMB Financial are set to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly issued shares will be distributed to shareholders after the closing bell on Monday, August 31st.
UMB Financial Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.4%. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. UMB Financial’s dividend payout ratio is currently 16.65%.
Hedge Funds Weigh In On UMB Financial
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in UMB Financial during the second quarter worth about $1,458,386,000. UMB Bank n.a. increased its stake in shares of UMB Financial by 11.4% during the 4th quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after purchasing an additional 493,875 shares during the last quarter. State Street Corp raised its holdings in shares of UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after purchasing an additional 313,414 shares during the period. Wellington Management Group LLP raised its holdings in shares of UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after purchasing an additional 751,525 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in UMB Financial by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after purchasing an additional 55,005 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.
Wall Street Analysts Forecast Growth
UMBF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Morgan Stanley boosted their price target on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Hovde Group increased their price objective on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Piper Sandler reissued an “overweight” rating and set a $181.00 target price (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Finally, Wells Fargo & Company boosted their target price on UMB Financial from $130.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, UMB Financial currently has a consensus rating of “Moderate Buy” and an average price target of $162.00.
Check Out Our Latest Research Report on UMBF
UMB Financial Company Profile
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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