UMB Financial Corporation (NASDAQ:UMBF – Get Free Report) insider Robert Brian Beaird sold 1,600 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $144.40, for a total value of $231,040.00. Following the sale, the insider directly owned 8,943 shares of the company’s stock, valued at $1,291,369.20. This trade represents a 15.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
UMB Financial Stock Performance
Shares of UMBF opened at $145.73 on Monday. The firm has a market cap of $11.07 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.77 and a beta of 0.77. The company’s fifty day moving average is $138.73 and its 200-day moving average is $127.86. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12 month low of $103.38 and a 12 month high of $149.98.
Shares of UMB Financial are going to split before the market opens on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be payable to shareholders after the closing bell on Monday, August 31st.
UMB Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a dividend of $0.50 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. 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. UMB Financial’s dividend payout ratio (DPR) is currently 14.32%.
Key Stories Impacting UMB Financial
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
Analyst Ratings Changes
Several brokerages recently issued reports on UMBF. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price target (up from $168.00) on shares of UMB Financial in a research note on Thursday. Hovde Group lifted their price objective on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a report on Friday, July 24th. Keefe, Bruyette & Woods boosted their price objective on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Barclays upped their target price on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. 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 stock. According to MarketBeat, UMB Financial has an average rating of “Moderate Buy” and an average target price of $160.83.
Get Our Latest Stock Analysis on UMB Financial
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC acquired a new stake in UMB Financial during the first quarter valued at approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of UMB Financial in the 4th quarter worth approximately $27,000. Axiom Investment Management LLC acquired a new position in shares of UMB Financial in the 1st quarter worth approximately $28,000. Hilton Head Capital Partners LLC bought a new position in shares of UMB Financial during the 4th quarter worth approximately $34,000. Finally, Torren Management LLC bought a new position in shares of UMB Financial during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 87.78% of the company’s stock.
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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