UMB Financial Corporation (NASDAQ:UMBF) to Issue Quarterly Dividend of $0.43

Key Points

• UMB Financial declared a quarterly dividend of $0.43 per share, payable July 1 to shareholders of record on June 10, representing an annualized payment of $1.72 and a yield of about 1.4%.
• The bank has raised its dividend every year for the last 32 years and carries a low payout ratio (~15%), indicating the dividend is well covered by earnings.
• UMB posted a strong quarter, beating EPS estimates with $3.41 (vs. $2.82 expected) and reporting revenue of $739.2M, up 31.1% year-over-year.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.43 per share by the bank on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, June 10th.

UMB Financial has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 32 years. UMB Financial has a payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect UMB Financial to earn $13.14 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 13.1%.

UMB Financial Stock Performance

NASDAQ UMBF opened at $126.91 on Wednesday. The company has a market cap of $9.66 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The business's 50 day moving average price is $117.27 and its 200-day moving average price is $117.26. UMB Financial has a fifty-two week low of $90.96 and a fifty-two week high of $136.11.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.59. The company had revenue of $739.16 million for the quarter, compared to analyst estimates of $701.89 million. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.UMB Financial's quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.58 EPS. Sell-side analysts predict that UMB Financial will post 12.05 earnings per share for the current year.

Insider Transactions at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 388 shares of the company's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the completion of the sale, the director owned 12,488 shares in the company, valued at $1,614,698.40. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Greg M. Graves bought 220 shares of the company's stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $127.83 per share, for a total transaction of $28,122.60. Following the transaction, the director directly owned 39,541 shares in the company, valued at approximately $5,054,526.03. This represents a 0.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 19,102 shares of company stock valued at $2,458,247. Company insiders own 5.33% of the company's stock.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently added to or reduced their stakes in the stock. MBM Wealth Consultants LLC bought a new stake in shares of UMB Financial in the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new stake in UMB Financial during the fourth quarter valued at approximately $27,000. Farther Finance Advisors LLC lifted its position in UMB Financial by 219.2% during the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank's stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in UMB Financial in the fourth quarter valued at approximately $34,000. Finally, Torren Management LLC acquired a new position in shares of UMB Financial during the fourth quarter worth $37,000. Institutional investors own 87.78% of the company's stock.

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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