Insider Selling: UMB Financial (NASDAQ:UMBF) CAO Sells $21,358.50 in Stock

UMB Financial Corporation (NASDAQ:UMBF) CAO David Carl Odgers sold 145 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $147.30, for a total value of $21,358.50. Following the completion of the transaction, the chief accounting officer owned 6,538 shares of the company’s stock, valued at $963,047.40. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

UMB Financial Price Performance

UMBF stock opened at $145.60 on Friday. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 0.71 and a beta of 0.77. 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 52-week low of $103.38 and a 52-week high of $150.00. The stock’s fifty day simple moving average is $140.19 and its 200-day simple moving average is $128.70.

Shares of UMB Financial are scheduled to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly issued shares will be distributed to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The firm had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. During the same period in the prior year, the firm posted $2.96 earnings per share. Equities research analysts expect that UMB Financial Corporation will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a $0.50 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s dividend payout ratio (DPR) is presently 14.32%.

Institutional Trading of UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV increased its position in shares of UMB Financial by 4.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after acquiring an additional 102 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of UMB Financial by 3.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock valued at $335,000 after acquiring an additional 108 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of UMB Financial by 1.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after acquiring an additional 112 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in UMB Financial by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after purchasing an additional 125 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in UMB Financial by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock worth $450,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UMBF. TD Cowen reiterated a “buy” rating and set a $166.00 price objective (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Stephens began coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target for the company. Hovde Group increased their price target on shares of UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th. Finally, Zacks Research lowered shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

UMB Financial Company Profile

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.