Insider Selling: UMB Financial (NASDAQ:UMBF) Director Sells 381 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 381 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $132.88, for a total value of $50,627.28. Following the sale, the director directly owned 12,223 shares of the company’s stock, valued at $1,624,192.24. This represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

UMB Financial Trading Up 0.1%

NASDAQ UMBF traded up $0.14 during trading hours on Wednesday, hitting $131.96. 547,654 shares of the company’s stock were exchanged, compared to its average volume of 607,367. The stock has a 50-day simple moving average of $125.08 and a 200 day simple moving average of $121.15. UMB Financial Corporation has a 1-year low of $98.16 and a 1-year high of $136.11. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 0.88 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, April 28th. The bank reported $3.41 EPS for the quarter, topping the consensus estimate of $2.82 by $0.59. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. During the same quarter last year, the firm posted $2.58 earnings per share. The firm’s revenue was up 31.1% on a year-over-year basis. On average, equities analysts forecast that UMB Financial Corporation will post 12.76 EPS for the current fiscal year.

UMB Financial Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on UMBF. Royal Bank Of Canada raised their price objective on UMB Financial from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Morgan Stanley reduced their price objective on UMB Financial from $156.00 to $143.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Zacks Research upgraded UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Hovde Group raised their target price on UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Truist Financial set a $140.00 target price on UMB Financial in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $145.55.

Institutional Trading of UMB Financial

A number of hedge funds have recently bought and sold shares of UMBF. Alliancebernstein L.P. lifted its holdings in UMB Financial by 636.7% during the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock worth $156,543,000 after acquiring an additional 1,286,543 shares during the period. Wellington Management Group LLP lifted its holdings in UMB Financial by 32.0% during the third quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after acquiring an additional 751,525 shares during the period. Norges Bank bought a new stake in UMB Financial during the fourth quarter worth $85,885,000. UMB Bank n.a. lifted its holdings in UMB Financial by 11.4% during the fourth quarter. UMB Bank n.a. now owns 4,809,824 shares of the bank’s stock worth $553,322,000 after acquiring an additional 493,875 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in UMB Financial by 1,148.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 422,065 shares of the bank’s stock worth $48,554,000 after acquiring an additional 388,253 shares during the period. 87.78% of the stock is currently owned by institutional investors.

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.