Insider Selling: UMB Financial (NASDAQ:UMBF) Director Sells 1,377 Shares

Key Points

• Director Susan Murphy sold 1,377 UMB Financial shares at an average price of $145.55, generating $200,422.35 and reducing her ownership by 11.46% to 10,635 shares.
• UMB Financial reported quarterly EPS of $3.57, exceeding the $3.12 consensus estimate, while revenue of $778 million also topped expectations.
• The company raised its quarterly dividend to $0.50 per share, or $2.00 annually, and announced a 3-for-2 stock split effective before the market opens September 1.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) 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 completion of the transaction, the director owned 10,635 shares of the company's stock, valued at $1,547,924.25. The trade was a 11.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

UMB Financial Price Performance

Shares of UMB Financial stock traded up $0.47 on Friday, reaching $145.60. 399,180 shares of the stock were exchanged, compared to its average volume of 634,470. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $11.06 billion, a PE ratio of 12.12, a P/E/G ratio of 0.72 and a beta of 0.77. The firm's 50 day moving average is $139.90 and its 200-day moving average is $128.58. UMB Financial Corporation has a one year low of $103.38 and a one year high of $150.00.

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

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $727.63 million. During the same period in the previous year, the business earned $2.96 earnings per share. As a group, analysts anticipate that UMB Financial Corporation will post 13.48 EPS for the current fiscal year.

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. This is a positive change from UMB Financial's previous quarterly dividend of $0.43. UMB Financial's dividend payout ratio is 16.65%.

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently made changes to their positions in the stock. MBM Wealth Consultants LLC acquired a new stake in shares of UMB Financial in the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new position in UMB Financial during the 4th quarter worth approximately $27,000. Axiom Investment Management LLC bought a new position in UMB Financial in the first quarter worth approximately $28,000. Hilton Head Capital Partners LLC bought a new position in UMB Financial in the fourth quarter worth approximately $34,000. Finally, Torren Management LLC acquired a new stake in UMB Financial in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 87.78% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Zacks Research lowered UMB Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 30th. Weiss Ratings restated a "buy (b)" rating on shares of UMB Financial in a research note on Friday, July 24th. Stephens assumed coverage on shares of UMB Financial in a report on Tuesday, July 14th. They set an "overweight" rating and a $167.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of UMB Financial from $130.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, July 6th. Finally, Morgan Stanley upped their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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.

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