UMB Financial (NASDAQ:UMBF) Insider Phillip James Mason Sells 750 Shares

Key Points

• Phillip James Mason, an insider at UMB Financial, sold 750 shares at an average price of $120.97, totaling approximately $90,727.50, which decreased their ownership by 7.84%.
• UMB Financial's stock decreased by 0.8% during trading, closing at $120.56, despite a strong performance reported in the previous quarter with earnings per share of $2.96, surpassing estimates.
• The company announced a quarterly dividend of $0.40 per share, representing a 1.3% yield, with an upcoming payout date on October 1st.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) insider Phillip James Mason sold 750 shares of the firm's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $120.97, for a total value of $90,727.50. Following the transaction, the insider owned 8,815 shares in the company, valued at approximately $1,066,350.55. This trade represents a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

UMB Financial Stock Down 0.8%

NASDAQ UMBF traded down $1.03 during trading on Monday, hitting $120.56. 494,785 shares of the company traded hands, compared to its average volume of 660,017. UMB Financial Corporation has a 12 month low of $82.00 and a 12 month high of $129.94. The business has a fifty day simple moving average of $108.05 and a 200 day simple moving average of $103.61. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $9.15 billion, a P/E ratio of 13.86, a PEG ratio of 1.38 and a beta of 0.77.

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

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, September 10th. UMB Financial's dividend payout ratio (DPR) is 18.39%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on UMBF shares. Truist Financial lifted their target price 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. Piper Sandler lifted their target price on shares of UMB Financial from $135.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Raymond James Financial lifted their target price on shares of UMB Financial from $135.00 to $138.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their target price on shares of UMB Financial from $120.00 to $125.00 and gave the stock an "equal weight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $132.11.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in UMB Financial by 4,840.0% during the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock worth $25,000 after buying an additional 242 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in UMB Financial in the first quarter valued at about $27,000. Rothschild Investment LLC increased its stake in UMB Financial by 442.0% in the first quarter. Rothschild Investment LLC now owns 271 shares of the bank's stock valued at $27,000 after acquiring an additional 221 shares during the period. McIlrath & Eck LLC bought a new stake in UMB Financial in the first quarter valued at about $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in UMB Financial in the first quarter valued at about $35,000. 87.78% of the stock is owned by institutional investors and hedge funds.

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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