Insider Selling: UMB Financial Co. (NASDAQ:UMBF) CEO Sells 24,300 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 24,300 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $124.95, for a total value of $3,036,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,552,304 shares in the company, valued at approximately $193,960,384.80. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

J Mariner Kemper also recently made the following trade(s):

• On Friday, November 1st, J Mariner Kemper sold 24,300 shares of UMB Financial stock. The stock was sold at an average price of $108.83, for a total transaction of $2,644,569.00.
• On Tuesday, October 1st, J Mariner Kemper sold 24,300 shares of UMB Financial stock. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00.

UMB Financial Stock Performance

Shares of UMBF traded up $1.14 during mid-day trading on Wednesday, hitting $127.19. The stock had a trading volume of 15,428 shares, compared to its average volume of 362,362. UMB Financial Co. has a fifty-two week low of $75.03 and a fifty-two week high of $129.94. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.21 billion, a PE ratio of 15.76 and a beta of 0.80. The company’s fifty day simple moving average is $113.58 and its two-hundred day simple moving average is $99.53.

UMB Financial (NASDAQ:UMBF) last released 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. The firm had revenue of $716.44 million during the quarter, compared to analyst estimates of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the previous year, the firm earned $2.02 earnings per share. On average, equities analysts expect that UMB Financial Co. will post 9.21 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 annualized dividend and a yield of 1.26%. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is presently 19.50%.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several analyst reports. StockNews.com cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Monday. Wells Fargo & Company lifted their target price on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Barclays increased their price target on UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Morgan Stanley assumed coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Finally, Royal Bank of Canada assumed coverage on shares of UMB Financial in a research note on Friday, November 22nd. They set a “sector perform” rating and a $130.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

Hedge Funds Weigh In On UMB Financial

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC purchased a new position in UMB Financial in the third quarter valued at about $26,000. Covestor Ltd lifted its stake in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of UMB Financial during the 3rd quarter valued at $83,000. Acropolis Investment Management LLC bought a new position in UMB Financial during the third quarter valued at about $156,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of UMB Financial during the 2nd quarter worth about $128,000. 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.