UMB Financial Corporation (NASDAQ:UMBF) CEO Sells $1,805,790.59 in Stock

Key Points

• UMB Financial Corporation CEO J Mariner Kemper sold 15,523 shares of the company’s stock for approximately $1.8 million, reducing his ownership to about 1.54 million shares.
• The company announced a quarterly dividend of $0.40 per share, which will be paid on October 1st, representing an annual yield of 1.4%.
• UMB Financial's stock performance shows a market capitalization of $8.89 billion, and the company reported earnings per share of $2.96 for the last quarter, exceeding analyst expectations.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) CEO J Mariner Kemper sold 15,523 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $116.33, for a total value of $1,805,790.59. Following the completion of the sale, the chief executive officer directly owned 1,536,781 shares of the company's stock, valued at $178,773,733.73. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, June 2nd, J Mariner Kemper sold 5,412 shares of UMB Financial stock. The shares were sold at an average price of $101.81, for a total value of $550,995.72.

UMB Financial Price Performance

Shares of UMBF traded up $0.38 on Thursday, reaching $117.06. The stock had a trading volume of 514,559 shares, compared to its average volume of 664,869. The firm has a market capitalization of $8.89 billion, a PE ratio of 13.46, a PEG ratio of 1.30 and a beta of 0.77. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $106.00 and a 200 day moving average of $103.52. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $129.94.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The bank reported $2.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.61. The business had revenue of $689.21 million for the quarter, compared to analysts' expectations of $638.25 million. UMB Financial had a return on equity of 12.27% and a net margin of 15.42%. The company's revenue was up 76.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.16 EPS. Sell-side analysts expect that UMB Financial Corporation will post 9.66 EPS for the current 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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio is 18.39%.

Analyst Upgrades and Downgrades

Several analysts have commented on UMBF shares. Piper Sandler upped their price objective on UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Raymond James Financial upped their price objective on UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their price objective 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. Barclays upped their price objective on UMB Financial from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada upped their price objective 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 analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $132.11.

Institutional Investors Weigh In On UMB Financial

A number of large investors have recently bought and sold shares of UMBF. Vanguard Group Inc. grew its holdings in UMB Financial by 54.0% during the 1st quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank's stock valued at $741,342,000 after buying an additional 2,570,283 shares during the last quarter. Earnest Partners LLC acquired a new stake in UMB Financial during the 1st quarter valued at $144,351,000. Alliancebernstein L.P. grew its holdings in UMB Financial by 636.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank's stock valued at $156,543,000 after buying an additional 1,286,543 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in UMB Financial by 78.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock valued at $273,029,000 after buying an additional 1,185,671 shares during the last quarter. Finally, Norges Bank acquired a new stake in UMB Financial during the 2nd quarter valued at $93,829,000. Institutional investors and hedge funds own 87.78% of the company's stock.

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.

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