Robert Brian Beaird Sells 854 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF) insider Robert Brian Beaird sold 854 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the completion of the sale, the insider now directly owns 5,828 shares in the company, valued at $719,058.64. This represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

UMB Financial Trading Up 1.5 %

Shares of UMBF stock opened at $125.00 on Friday. The stock has a 50-day simple moving average of $110.41 and a 200 day simple moving average of $96.96. UMB Financial Co. has a fifty-two week low of $69.96 and a fifty-two week high of $128.73. The stock has a market capitalization of $6.10 billion, a P/E ratio of 15.63 and a beta of 0.78. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same quarter last year, the business posted $2.02 earnings per share. On average, sell-side analysts expect that UMB Financial Co. will post 9.33 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 10th will be given a $0.40 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. UMB Financial’s dividend payout ratio (DPR) is 19.50%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Morgan Stanley assumed coverage on UMB Financial in a report on Thursday. They set an “overweight” rating and a $156.00 price target on the stock. Barclays raised their price target on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a report on Friday. Piper Sandler raised their price target on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Citigroup initiated coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $122.00.

Hedge Funds Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently modified their holdings of UMBF. V Square Quantitative Management LLC acquired a new position in shares of UMB Financial in the 3rd quarter valued at $26,000. Covestor Ltd lifted its stake in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after acquiring an additional 102 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in UMB Financial in the 3rd quarter worth about $83,000. 1620 Investment Advisors Inc. purchased a new stake in UMB Financial in the 2nd quarter worth about $128,000. Finally, Acropolis Investment Management LLC purchased a new stake in UMB Financial in the 3rd quarter worth about $156,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.