UMB Financial (NASDAQ:UMBF) CEO J Mariner Kemper Sells 15,523 Shares

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 company's stock in a transaction on 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 transaction, the chief executive officer directly owned 1,536,781 shares in the company, valued at approximately $178,773,733.73. The trade was a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $101.81, for a total value of $550,995.72.

UMB Financial Stock Performance

NASDAQ UMBF traded up $0.26 on Tuesday, hitting $115.93. 597,157 shares of the company's stock traded hands, compared to its average volume of 627,346. The firm has a market capitalization of $8.80 billion, a PE ratio of 13.33, a P/E/G ratio of 1.32 and a beta of 0.77. The firm's 50-day moving average price is $106.98 and its two-hundred day moving average price is $103.53. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $129.94. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10.

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

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.4%. UMB Financial's dividend payout ratio is 18.39%.

Institutional Trading of UMB Financial

A number of large investors have recently bought and sold shares of UMBF. Vanguard Group Inc. increased its stake in UMB Financial by 54.0% in 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 period. State Street Corp increased its stake in shares of UMB Financial by 7.9% during the second quarter. State Street Corp now owns 4,296,190 shares of the bank's stock worth $453,461,000 after acquiring an additional 313,414 shares during the period. Dimensional Fund Advisors LP raised its holdings in UMB Financial by 78.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank's stock worth $273,029,000 after purchasing an additional 1,185,671 shares in the last quarter. Wellington Management Group LLP raised its holdings in UMB Financial by 19.1% during the first quarter. Wellington Management Group LLP now owns 2,407,115 shares of the bank's stock worth $243,359,000 after purchasing an additional 385,830 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in UMB Financial by 7.7% in the first quarter. American Century Companies Inc. now owns 2,054,007 shares of the bank's stock valued at $207,660,000 after purchasing an additional 146,585 shares during the period. Institutional investors and hedge funds own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

UMBF has been the topic of several research analyst reports. Raymond James Financial raised their price objective on UMB Financial from $135.00 to $138.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Piper Sandler increased their price objective on shares of UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Wells Fargo & Company raised their price objective on shares of UMB Financial from $120.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st. Royal Bank Of Canada lifted their target price on UMB Financial from $115.00 to $122.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, Truist Financial upped their price objective on shares of UMB Financial from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $132.11.

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.