Insider Selling: UMB Financial (NASDAQ:UMBF) President Sells $1,093,337.14 in Stock

UMB Financial Corporation (NASDAQ:UMBFGet Free Report) President James Rine sold 8,246 shares of UMB Financial stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $132.59, for a total transaction of $1,093,337.14. Following the sale, the president directly owned 61,446 shares of the company’s stock, valued at $8,147,125.14. This represents a 11.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $135.37 on Friday. The stock has a market cap of $10.29 billion, a PE ratio of 12.01, a PEG ratio of 0.90 and a beta of 0.78. The company’s fifty day moving average is $126.33 and its 200 day moving average is $121.61. UMB Financial Corporation has a 52 week low of $98.16 and a 52 week high of $136.11. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBFGet Free Report) last issued its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The company had revenue of $739.16 million for the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a net margin of 20.42% and a return on equity of 13.07%. The firm’s revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.58 EPS. Research analysts anticipate that UMB Financial Corporation will post 12.76 earnings per share for the current year.

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, June 10th. UMB Financial’s dividend payout ratio (DPR) is presently 15.26%.

Hedge Funds Weigh In On UMB Financial

A number of hedge funds have recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of UMB Financial by 11.4% in the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock valued at $553,322,000 after acquiring an additional 493,875 shares during the period. State Street Corp increased its position in shares of UMB Financial by 7.9% in the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after acquiring an additional 313,414 shares during the period. Wellington Management Group LLP increased its position in shares of UMB Financial by 32.0% in the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after acquiring an additional 751,525 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 55,005 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of UMB Financial by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,907,978 shares of the bank’s stock valued at $219,529,000 after acquiring an additional 33,078 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of analyst reports. Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. TD Cowen lifted their target price on shares of UMB Financial from $141.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada lifted their target price on shares of UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of UMB Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, April 27th. Finally, Morgan Stanley decreased their target price on shares of UMB Financial from $156.00 to $143.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $145.55.

Check Out Our Latest Stock Analysis 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.

See Also

Insider Buying and Selling by Quarter for UMB Financial (NASDAQ:UMBF)

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.