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 UMB Financial 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 completion of the sale, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

UMB Financial Stock Up 2.9%

NASDAQ:UMBF traded up $2.95 during trading hours on Friday, hitting $104.79. The stock had a trading volume of 545,326 shares, compared to its average volume of 522,216. The company has a market cap of $7.96 billion, a PE ratio of 11.66 and a beta of 0.75. The business has a 50 day simple moving average of $98.12 and a two-hundred day simple moving average of $108.46. UMB Financial Co. has a 1-year low of $78.91 and a 1-year high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

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

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, June 10th. UMB Financial's payout ratio is 20.13%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Brooklyn Investment Group boosted its stake in UMB Financial by 4,840.0% during the 1st quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock valued at $25,000 after acquiring an additional 242 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in UMB Financial in the first quarter worth about $27,000. Rothschild Investment LLC increased its holdings in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after buying an additional 221 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in UMB Financial during the first quarter valued at approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in UMB Financial during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UMBF shares. Wall Street Zen lowered shares of UMB Financial from a "hold" rating to a "sell" rating in a research report on Friday, May 2nd. Barclays dropped their price objective on UMB Financial from $139.00 to $125.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Bank of America started coverage on UMB Financial in a report on Wednesday, April 16th. They issued a "buy" rating and a $105.00 target price on the stock. Wells Fargo & Company boosted their price target 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, Royal Bank of Canada cut their price objective on UMB Financial from $128.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.13.

About UMB Financial

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.