UMB Financial (NASDAQ:UMBF) Shares Gap Down to $83.17

UMB Financial Co. (NASDAQ:UMBF - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $83.17, but opened at $76.28. UMB Financial shares last traded at $78.26, with a volume of 307,352 shares trading hands.

Analyst Ratings Changes

UMBF has been the topic of several recent analyst reports. Piper Sandler increased their target price on UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Barclays initiated coverage on UMB Financial in a report on Friday, March 8th. They issued an "equal weight" rating and a $91.00 target price on the stock. StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a report on Saturday, March 16th. Raymond James increased their target price on UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a report on Thursday, February 1st. Finally, Wells Fargo & Company increased their target price on UMB Financial from $85.00 to $88.00 and gave the company an "equal weight" rating in a report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $88.00.

UMB Financial Stock Performance

The company has a market cap of $3.79 billion, a PE ratio of 10.83 and a beta of 0.83. The stock has a 50 day simple moving average of $81.85 and a two-hundred day simple moving average of $77.83. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.53. UMB Financial had a net margin of 14.70% and a return on equity of 13.75%. The business had revenue of $370.80 million for the quarter, compared to analysts' expectations of $360.69 million. During the same period in the previous year, the company posted $2.06 EPS. The company's quarterly revenue was up .0% on a year-over-year basis. Equities analysts predict that UMB Financial Co. will post 7.41 EPS for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, March 8th. This represents a $1.56 annualized dividend and a dividend yield of 2.01%. UMB Financial's dividend payout ratio (DPR) is 21.73%.

Insider Buying and Selling

In other UMB Financial news, CEO J Mariner Kemper sold 11,170 shares of the company's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $85.28, for a total transaction of $952,577.60. Following the completion of the sale, the chief executive officer now directly owns 1,738,604 shares of the company's stock, valued at approximately $148,268,149.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO J Mariner Kemper sold 11,170 shares of UMB Financial stock in a transaction on Monday, April 1st. The shares were sold at an average price of $85.28, for a total value of $952,577.60. Following the transaction, the chief executive officer now directly owns 1,738,604 shares in the company, valued at approximately $148,268,149.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kevin Charles Gallagher sold 625 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $80.21, for a total transaction of $50,131.25. Following the transaction, the director now owns 12,859 shares of the company's stock, valued at approximately $1,031,420.39. The disclosure for this sale can be found here. Insiders have sold a total of 27,277 shares of company stock valued at $2,264,661 over the last quarter. 8.85% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMB Financial

Hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in shares of UMB Financial during the 4th quarter worth approximately $28,000. Headlands Technologies LLC purchased a new position in UMB Financial in the third quarter worth $74,000. Quantbot Technologies LP acquired a new stake in UMB Financial in the third quarter valued at $179,000. Jones Financial Companies Lllp purchased a new stake in shares of UMB Financial during the 3rd quarter worth $199,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of UMB Financial during the 3rd quarter worth $215,000. Institutional investors and hedge funds own 87.78% of the company's stock.

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.