UMB Financial (NASDAQ:UMBF) CEO Sells 15,062 Shares

Key Points

• CEO insider sale: J. Mariner Kemper sold 15,062 UMB Financial shares for approximately $2.24 million, reducing his stake by 1% while retaining 1.49 million shares. He also sold 4,200 shares the previous day.
• Strong quarterly results: UMB Financial reported earnings of $3.57 per share and revenue of $778 million, exceeding analyst estimates of $3.12 per share and $727.63 million, respectively.
• Investor returns and outlook: The company raised its quarterly dividend to $0.50 per share and announced a 3-for-2 stock split effective September 1. Analysts maintain a “Moderate Buy” consensus with an average price target of $162.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) CEO J Mariner Kemper sold 15,062 shares of UMB Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.55, for a total value of $2,237,460.10. Following the completion of the transaction, the chief executive officer owned 1,491,138 shares of the company's stock, valued at approximately $221,508,549.90. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, August 3rd, J Mariner Kemper sold 4,200 shares of UMB Financial stock. The shares were sold at an average price of $147.27, for a total value of $618,534.00.

UMB Financial Stock Performance

UMBF traded down $1.68 during trading hours on Thursday, hitting $145.13. 428,472 shares of the stock were exchanged, compared to its average volume of 636,049. The stock has a 50-day simple moving average of $139.62 and a 200-day simple moving average of $128.42. UMB Financial Corporation has a 12 month low of $103.38 and a 12 month high of $150.00. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 0.73 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76.

Shares of UMB Financial are scheduled to split on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be distributed to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The firm had revenue of $778.00 million during the quarter, compared to analyst estimates of $727.63 million. During the same quarter in the previous year, the firm earned $2.96 earnings per share. Analysts anticipate that UMB Financial Corporation will post 13.48 earnings per share for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from UMB Financial's previous quarterly dividend of $0.43. UMB Financial's payout ratio is currently 14.32%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UMBF. Citigroup reissued a "neutral" rating and issued a $162.00 target price (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Wells Fargo & Company increased their price target on UMB Financial from $130.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Monday, July 6th. Hovde Group raised their price target on UMB Financial from $145.00 to $150.00 and gave the stock an "outperform" rating in a report on Wednesday, April 29th. Piper Sandler restated an "overweight" rating and set a $181.00 price objective (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods upped their price objective on UMB Financial from $155.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.

Institutional Investors Weigh In On UMB Financial

Hedge funds have recently made changes to their positions in the business. MBM Wealth Consultants LLC bought a new position in UMB Financial in the 1st quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in UMB Financial during the 4th quarter valued at $27,000. Axiom Investment Management LLC acquired a new position in UMB Financial during the 1st quarter worth $28,000. Hilton Head Capital Partners LLC bought a new position in shares of UMB Financial in the fourth quarter worth $34,000. Finally, Torren Management LLC bought a new position in shares of UMB Financial in the fourth quarter worth $37,000. Institutional investors own 87.78% of the company's stock.

About UMB Financial

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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