Insider Selling: UMB Financial Co. (NASDAQ:UMBF) CEO Sells $2,473,983.00 in Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 24,300 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $101.81, for a total value of $2,473,983.00. Following the transaction, the chief executive officer now directly owns 1,600,904 shares in the company, valued at approximately $162,988,036.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, August 6th, J Mariner Kemper sold 10,115 shares of UMB Financial stock. The stock was sold at an average price of $93.00, for a total value of $940,695.00.
• On Friday, August 2nd, J Mariner Kemper sold 124 shares of UMB Financial stock. The stock was sold at an average price of $95.26, for a total transaction of $11,812.24.

UMB Financial Price Performance

Shares of UMBF stock opened at $103.68 on Friday. UMB Financial Co. has a 12 month low of $58.81 and a 12 month high of $109.42. The company has a market capitalization of $5.05 billion, a P/E ratio of 13.77 and a beta of 0.78. The stock has a 50 day moving average of $100.59 and a two-hundred day moving average of $89.67. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.12.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, topping the consensus estimate of $2.01 by $0.15. The firm had revenue of $390.03 million during the quarter, compared to analysts’ expectations of $384.96 million. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. UMB Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $1.93 earnings per share. As a group, equities analysts expect that UMB Financial Co. will post 8.98 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a yield of 1.50%. UMB Financial’s payout ratio is currently 20.72%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Barclays boosted their price objective on UMB Financial from $100.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Piper Sandler increased their target price on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UMBF. Vanguard Group Inc. boosted its holdings in UMB Financial by 9.2% during the first quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after purchasing an additional 394,578 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of UMB Financial by 2.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock worth $163,066,000 after buying an additional 49,690 shares during the period. American Century Companies Inc. boosted its stake in UMB Financial by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock valued at $146,196,000 after buying an additional 111,090 shares in the last quarter. Dimensional Fund Advisors LP grew its position in UMB Financial by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock valued at $140,968,000 after acquiring an additional 100,000 shares during the period. Finally, ProShare Advisors LLC raised its stake in UMB Financial by 102.7% during the second quarter. ProShare Advisors LLC now owns 752,576 shares of the bank’s stock worth $62,780,000 after acquiring an additional 381,278 shares in the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Company Profile

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.