Insider Selling: UMB Financial Corporation (NASDAQ:UMBF) Insider Sells 1,205 Shares of Stock

Key Points

• Insider Robert Brian Beaird sold 1,205 shares of UMB Financial at an average price of $116.17, resulting in a 10.61% decrease in their position.
• UMB Financial reported a strong earnings performance with $2.96 earnings per share for the quarter, surpassing expectations by $0.61, and revenue rose by 76.7% year-over-year.
• The company declared a quarterly dividend of $0.40 per share, with an annualized dividend yield of 1.4%, set to be paid on October 1st.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) insider Robert Brian Beaird sold 1,205 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $116.17, for a total value of $139,984.85. Following the completion of the transaction, the insider owned 10,147 shares of the company's stock, valued at approximately $1,178,776.99. This represents a 10.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

UMB Financial Stock Performance

UMBF stock traded up $0.38 during trading on Thursday, hitting $117.06. 514,559 shares of the company's stock traded hands, compared to its average volume of 664,869. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $129.94. The stock has a fifty day moving average price of $106.00 and a two-hundred day moving average price of $103.52. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 1.30 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.61. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%. The firm had revenue of $689.21 million for the quarter, compared to analyst estimates of $638.25 million. During the same period last year, the company earned $2.16 earnings per share. The firm's revenue for the quarter was up 76.7% on a year-over-year basis. As a group, equities analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 annualized dividend and a yield of 1.4%. UMB Financial's dividend payout ratio (DPR) is currently 18.39%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UMBF shares. Wall Street Zen cut UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their target price on UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Truist Financial increased their target price on UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Bank of America assumed coverage on UMB Financial in a research note on Wednesday, April 16th. They set a "buy" rating and a $105.00 target price for the company. Finally, Royal Bank Of Canada increased their target price on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, UMB Financial currently has a consensus rating of "Moderate Buy" and an average target price of $132.11.

Institutional Investors Weigh In On UMB Financial

Several large investors have recently added to or reduced their stakes in UMBF. Wells Fargo & Company MN increased its position in UMB Financial by 16.4% in the fourth quarter. Wells Fargo & Company MN now owns 51,929 shares of the bank's stock worth $5,861,000 after buying an additional 7,318 shares during the period. Bank of Montreal Can increased its holdings in shares of UMB Financial by 16.5% during the fourth quarter. Bank of Montreal Can now owns 6,270 shares of the bank's stock valued at $708,000 after purchasing an additional 886 shares during the period. Invesco Ltd. increased its holdings in shares of UMB Financial by 31.4% during the fourth quarter. Invesco Ltd. now owns 309,980 shares of the bank's stock valued at $34,984,000 after purchasing an additional 74,038 shares during the period. Mariner LLC increased its holdings in shares of UMB Financial by 1.9% during the fourth quarter. Mariner LLC now owns 21,296 shares of the bank's stock valued at $2,403,000 after purchasing an additional 393 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of UMB Financial during the fourth quarter valued at $679,000. 87.78% of the stock is owned by institutional investors and hedge funds.

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.

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