Insider Selling: UMB Financial Co. (NASDAQ:UMBF) Insider Sells $105,366.52 in Stock

UMB Financial Co. (NASDAQ:UMBF) insider Robert Brian Beaird sold 854 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total transaction of $105,366.52. Following the completion of the transaction, the insider now directly owns 5,828 shares of the company’s stock, valued at $719,058.64. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

UMB Financial Stock Up 1.5 %

Shares of UMB Financial stock opened at $125.00 on Friday. The stock has a 50-day simple moving average of $110.81 and a 200-day simple moving average of $97.26. UMB Financial Co. has a 52-week low of $69.96 and a 52-week high of $128.73. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 15.63 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 0.76.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. The firm had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same period in the previous year, the company earned $2.02 earnings per share. On average, equities research analysts expect that UMB Financial Co. will post 9.33 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.40 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, December 10th. UMB Financial’s dividend payout ratio (DPR) is 19.50%.

Analyst Ratings Changes

A number of research firms have recently issued reports on UMBF. Piper Sandler increased their target price on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley initiated coverage on UMB Financial in a research note on Thursday. They issued an “overweight” rating and a $156.00 price objective for the company. Citigroup initiated coverage on UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 target price on the stock. Royal Bank of Canada began coverage on UMB Financial in a report on Friday. They issued a “sector perform” rating and a $130.00 target price on the stock. Finally, Barclays raised their price target on shares of UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $122.00.

Institutional Trading of UMB Financial

Several large investors have recently made changes to their positions in UMBF. Vanguard Group Inc. raised its stake in shares of UMB Financial by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 4,705,385 shares of the bank’s stock valued at $409,321,000 after acquiring an additional 394,578 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of UMB Financial by 2.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,954,762 shares of the bank’s stock valued at $163,066,000 after purchasing an additional 49,690 shares during the period. American Century Companies Inc. lifted its stake in shares of UMB Financial by 6.8% in the second quarter. American Century Companies Inc. now owns 1,752,524 shares of the bank’s stock worth $146,196,000 after buying an additional 111,090 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of UMB Financial by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,689,895 shares of the bank’s stock worth $140,968,000 after buying an additional 100,000 shares during the period. Finally, Geode Capital Management LLC grew its stake in UMB Financial by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank’s stock valued at $117,139,000 after buying an additional 21,091 shares during the last quarter. Institutional investors own 87.78% of the company’s stock.

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.