Insider Selling: UMB Financial Co. (NASDAQ:UMBF) EVP Sells 849 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) EVP John Pauls sold 849 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $110.42, for a total value of $93,746.58. Following the sale, the executive vice president now directly owns 6,483 shares of the company’s stock, valued at $715,852.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

John Pauls also recently made the following trade(s):

• On Tuesday, August 6th, John Pauls sold 1,623 shares of UMB Financial stock. The stock was sold at an average price of $92.97, for a total value of $150,890.31.

UMB Financial Stock Performance

Shares of NASDAQ:UMBF traded down $0.32 during trading on Monday, reaching $107.96. The company had a trading volume of 508,707 shares, compared to its average volume of 361,669. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 13.50 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.73. The stock’s fifty day moving average price is $105.14 and its 200 day moving average price is $93.31. UMB Financial Co. has a fifty-two week low of $65.48 and a fifty-two week high of $113.56.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The firm had revenue of $716.44 million for the quarter, compared to analyst estimates of $398.83 million. During the same quarter in the prior year, the company posted $2.02 earnings per share. As a group, equities research analysts predict that UMB Financial Co. will post 9.09 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Tuesday, December 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 1.48%. The ex-dividend date is Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio is currently 20.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on UMBF. Citigroup began coverage on UMB Financial in a report on Thursday, October 10th. They set a “buy” rating and a $127.00 target price for the company. Barclays lifted their price objective on UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a research note on Thursday. Piper Sandler lifted their price objective on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price objective on UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Institutional Trading of UMB Financial

A number of institutional investors have recently bought and sold shares of UMBF. V Square Quantitative Management LLC purchased a new stake in UMB Financial during the third quarter worth $26,000. Covestor Ltd lifted its position in shares of UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after acquiring an additional 102 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of UMB Financial in the second quarter valued at $128,000. CWM LLC increased its stake in UMB Financial by 7.1% in the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock valued at $162,000 after purchasing an additional 129 shares during the last quarter. Finally, Heritage Family Offices LLP acquired a new position in UMB Financial in the third quarter valued at $203,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

About UMB Financial

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.