UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper Sells 5,412 Shares

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) CEO J Mariner Kemper sold 5,412 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $101.81, for a total value of $550,995.72. Following the sale, the chief executive officer now owns 288,945 shares of the company's stock, valued at approximately $29,417,490.45. This represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UMB Financial Price Performance

Shares of UMBF stock traded down $0.73 during mid-day trading on Thursday, hitting $101.26. 14,601 shares of the stock were exchanged, compared to its average volume of 519,029. The firm has a fifty day moving average of $98.11 and a 200 day moving average of $108.60. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 52-week low of $78.91 and a 52-week high of $129.94. The company has a market cap of $7.69 billion, a PE ratio of 11.29 and a beta of 0.72.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.37. The business had revenue of $563.84 million for the quarter, compared to analyst estimates of $555.79 million. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. The company's revenue for the quarter was up 41.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 EPS. Research analysts anticipate that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Tuesday, June 10th. UMB Financial's dividend payout ratio is presently 20.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UMBF. Vanguard Group Inc. lifted its stake in UMB Financial by 54.0% in the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock valued at $741,342,000 after buying an additional 2,570,283 shares in the last quarter. Earnest Partners LLC purchased a new position in UMB Financial in the 1st quarter worth approximately $144,351,000. Dimensional Fund Advisors LP lifted its stake in UMB Financial by 78.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock worth $273,029,000 after purchasing an additional 1,185,671 shares in the last quarter. Nuveen LLC purchased a new position in UMB Financial in the 1st quarter worth approximately $51,324,000. Finally, Freestone Grove Partners LP purchased a new position in UMB Financial in the 4th quarter worth approximately $48,235,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on UMBF. Barclays cut their target price on UMB Financial from $139.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada cut their target price on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st. Truist Financial began coverage on UMB Financial in a research report on Tuesday, May 13th. They issued a "buy" rating and a $120.00 target price on the stock. Wells Fargo & Company upped their target price on UMB Financial from $105.00 to $110.00 and gave the company an "equal weight" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley cut their target price on UMB Financial from $156.00 to $146.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, UMB Financial has a consensus rating of "Moderate Buy" and a consensus price target of $123.13.

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.