UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper Sells 1,440 Shares

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) CEO J Mariner Kemper sold 1,440 shares of the firm's stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $86.59, for a total value of $124,689.60. Following the completion of the sale, the chief executive officer now directly owns 1,762,904 shares of the company's stock, valued at $152,649,857.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

J Mariner Kemper also recently made the following trade(s):

• On Tuesday, March 12th, J Mariner Kemper sold 7,920 shares of UMB Financial stock. The shares were sold at an average price of $80.37, for a total value of $636,530.40.
• On Friday, February 2nd, J Mariner Kemper sold 3,500 shares of UMB Financial stock. The shares were sold at an average price of $83.10, for a total value of $290,850.00.

UMB Financial Trading Down 2.8 %

NASDAQ UMBF traded down $2.43 during trading hours on Monday, hitting $84.56. 339,591 shares of the company's stock were exchanged, compared to its average volume of 226,047. The business's 50 day moving average is $81.64 and its 200-day moving average is $74.94. UMB Financial Co. has a 12-month low of $50.68 and a 12-month high of $87.36. The firm has a market capitalization of $4.12 billion, a P/E ratio of 11.78 and a beta of 0.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.53. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The firm had revenue of $370.80 million for the quarter, compared to the consensus estimate of $360.69 million. During the same period in the prior year, the business posted $2.06 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts anticipate that UMB Financial Co. will post 7.29 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be issued a $0.39 dividend. The ex-dividend date is Friday, March 8th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.84%. UMB Financial's dividend payout ratio (DPR) is 21.73%.

Analyst Ratings Changes

A number of research firms recently commented on UMBF. Barclays began coverage on UMB Financial in a research note on Friday, March 8th. They set an "equal weight" rating and a $91.00 price objective on the stock. Piper Sandler increased their price objective on UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Raymond James increased their price objective on UMB Financial from $80.00 to $102.00 and gave the company a "strong-buy" rating in a research note on Thursday, February 1st. Finally, StockNews.com raised UMB Financial from a "sell" rating to a "hold" rating in a research note on Saturday, March 16th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $84.17.

Hedge Funds Weigh In On UMB Financial

A number of large investors have recently modified their holdings of UMBF. Assetmark Inc. purchased a new position in shares of UMB Financial in the 4th quarter worth about $28,000. Headlands Technologies LLC purchased a new stake in shares of UMB Financial during the 3rd quarter valued at about $74,000. Captrust Financial Advisors raised its holdings in shares of UMB Financial by 93.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank's stock valued at $95,000 after buying an additional 536 shares during the period. KBC Group NV raised its holdings in shares of UMB Financial by 142.2% during the 4th quarter. KBC Group NV now owns 1,434 shares of the bank's stock valued at $120,000 after buying an additional 842 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of UMB Financial during the 3rd quarter valued at about $179,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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.