UMB Financial (NASDAQ:UMBF) Director Sells $200,422.35 in Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Susan Murphy sold 1,377 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $145.55, for a total transaction of $200,422.35. Following the sale, the director owned 10,635 shares of the company’s stock, valued at $1,547,924.25. This trade represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

UMB Financial Stock Performance

NASDAQ UMBF traded down $0.84 during trading hours on Friday, hitting $145.02. 114,305 shares of the company’s stock traded hands, compared to its average volume of 624,207. The business’s fifty day moving average price is $143.63 and its two-hundred day moving average price is $130.28. 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 firm has a market capitalization of $11.01 billion, a P/E ratio of 12.07, a P/E/G ratio of 0.72 and a beta of 0.77. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $153.32.

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

UMB Financial Increases Dividend

The company 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 dividend of $0.50 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. UMB Financial’s payout ratio is presently 14.32%.

Institutional Investors Weigh In On UMB Financial

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC raised its stake in UMB Financial by 290.2% during the first quarter. Hsbc Holdings PLC now owns 13,355 shares of the bank’s stock valued at $1,506,000 after purchasing an additional 9,932 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in shares of UMB Financial by 40.8% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 38,261 shares of the bank’s stock valued at $4,402,000 after acquiring an additional 11,083 shares during the period. Farther Finance Advisors LLC raised its stake in shares of UMB Financial by 5,349.0% in the fourth quarter. Farther Finance Advisors LLC now owns 13,568 shares of the bank’s stock valued at $1,561,000 after acquiring an additional 13,319 shares during the period. Clearbridge Investments LLC raised its stake in shares of UMB Financial by 1.5% in the fourth quarter. Clearbridge Investments LLC now owns 614,037 shares of the bank’s stock valued at $70,639,000 after acquiring an additional 9,147 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of UMB Financial by 1.9% in 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 period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

UMBF has been the topic of several research analyst reports. Zacks Research downgraded shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Truist Financial set a $170.00 target price on shares of UMB Financial and gave the stock a “buy” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. initiated coverage on shares of UMB Financial in a report on Thursday. They issued an “overweight” rating and a $180.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 target price (up from $168.00) on shares of UMB Financial in a report on Thursday, July 30th. Finally, Wells Fargo & Company set a $160.00 target price on shares of UMB Financial and gave the stock an “equal weight” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, UMB Financial has a consensus rating of “Moderate Buy” and an average price target of $165.00.

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.