UMB Financial Corporation (NASDAQ:UMBF – Get Free Report) CEO J Mariner Kemper sold 15,062 shares of UMB Financial stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $148.55, for a total transaction of $2,237,460.10. Following the completion of the transaction, the chief executive officer directly owned 1,491,138 shares of the company’s stock, valued at approximately $221,508,549.90. This trade represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
J Mariner Kemper also recently made the following trade(s):
- On Monday, August 3rd, J Mariner Kemper sold 4,200 shares of UMB Financial stock. The shares were sold at an average price of $147.27, for a total transaction of $618,534.00.
UMB Financial Stock Up 0.3%
Shares of UMBF stock opened at $145.60 on Friday. UMB Financial Corporation has a 52-week low of $103.38 and a 52-week high of $150.00. The stock has a market cap of $11.06 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.71 and a beta of 0.77. The firm’s 50-day moving average is $140.19 and its 200-day moving average is $128.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.
UMB Financial (NASDAQ:UMBF – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The firm had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the previous year, the business earned $2.96 earnings per share. Sell-side analysts predict that UMB Financial Corporation will post 13.48 EPS for the current year.
UMB Financial Increases Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is presently 14.32%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on UMBF shares. Zacks Research cut shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Truist Financial set a $170.00 price objective on shares of UMB Financial and gave the company a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and set a $166.00 target price (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Finally, Stephens started coverage on shares of UMB Financial in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.
Get Our Latest Stock Analysis on UMBF
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. MBM Wealth Consultants LLC acquired a new stake in UMB Financial during the first quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in UMB Financial in the 4th quarter valued at $27,000. Axiom Investment Management LLC bought a new stake in shares of UMB Financial during the 1st quarter valued at $28,000. Hilton Head Capital Partners LLC bought a new stake in shares of UMB Financial during the 4th quarter valued at $34,000. Finally, Torren Management LLC acquired a new stake in shares of UMB Financial during the 4th quarter worth $37,000. 87.78% of the stock is owned by institutional investors.
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.
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