UMB Financial Co. (NASDAQ:UMBF) CEO Sells $380,135.00 in Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 3,500 shares of UMB Financial stock in a transaction on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the sale, the chief executive officer now directly owns 334,347 shares of the company’s stock, valued at $36,313,427.67. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, December 2nd, J Mariner Kemper sold 24,300 shares of UMB Financial stock. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00.

UMB Financial Price Performance

Shares of UMBF opened at $108.65 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. UMB Financial Co. has a 1-year low of $76.00 and a 1-year high of $129.94. The firm has a market cap of $5.30 billion, a PE ratio of 12.09 and a beta of 0.82. The firm has a fifty day simple moving average of $114.54 and a two-hundred day simple moving average of $111.96.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the prior year, the business earned $2.29 EPS. On average, equities analysts anticipate that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is 17.80%.

Hedge Funds Weigh In On UMB Financial

A number of institutional investors and hedge funds have recently made changes to their positions in UMBF. Cerity Partners LLC lifted its holdings in UMB Financial by 767.4% during the third quarter. Cerity Partners LLC now owns 21,269 shares of the bank’s stock valued at $2,236,000 after purchasing an additional 18,817 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in UMB Financial by 403.7% during the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares in the last quarter. Natixis Advisors LLC lifted its holdings in UMB Financial by 51.2% during the third quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock valued at $3,041,000 after purchasing an additional 9,803 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in UMB Financial by 229.6% during the third quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank’s stock valued at $4,952,000 after purchasing an additional 32,820 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in UMB Financial by 107.8% during the fourth quarter. Vontobel Holding Ltd. now owns 5,545 shares of the bank’s stock valued at $626,000 after purchasing an additional 2,877 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research note on Thursday, January 30th. Morgan Stanley began coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Finally, Piper Sandler upped their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.

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.