Susan Murphy Sells 1,377 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Susan Murphy sold 1,377 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $145.55, for a total transaction of $200,422.35. Following the completion of the transaction, the director directly owned 10,635 shares in the company, valued at approximately $1,547,924.25. This represents a 11.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $145.60 on Friday. The company has a 50 day moving average of $140.19 and a 200-day moving average of $128.70. UMB Financial Corporation has a 1-year low of $103.38 and a 1-year high of $150.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a market cap of $11.06 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.71 and a beta of 0.77.

UMB Financial’s stock is scheduled to split before the market opens on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly minted shares will be issued to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The business had revenue of $778.00 million for the quarter, compared to analysts’ expectations of $727.63 million. During the same period last year, the firm posted $2.96 earnings per share. As a group, equities research analysts forecast that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

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

Wall Street Analyst Weigh In

UMBF has been the topic of a number of research analyst reports. Hovde Group raised their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Truist Financial set a $170.00 price objective on shares of UMB Financial and gave the stock a “buy” rating in a research report on Tuesday. Stephens initiated coverage on shares of UMB Financial in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price objective for the company. Zacks Research lowered shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in UMB Financial during the 2nd quarter worth approximately $1,458,386,000. UMB Bank n.a. grew its holdings in UMB Financial by 11.4% during the 4th 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 last quarter. State Street Corp increased its position in UMB Financial by 7.9% in the 2nd quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock valued at $453,461,000 after acquiring an additional 313,414 shares during the period. Wellington Management Group LLP increased its position in UMB Financial by 32.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock valued at $366,743,000 after acquiring an additional 751,525 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of UMB Financial by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock valued at $328,200,000 after acquiring an additional 55,005 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

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.