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 the business’s 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 completion of the sale, the chief executive officer now owns 334,347 shares in the company, valued at $36,313,427.67. This represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 Stock Down 0.2 %

Shares of UMBF opened at $108.65 on Friday. The firm has a market capitalization of $5.30 billion, a P/E ratio of 12.09 and a beta of 0.82. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $114.54 and a 200-day moving average price of $111.96.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company earned $2.29 earnings per share. Equities research analysts expect that UMB Financial Co. will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

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

Institutional Trading of UMB Financial

A number of hedge funds have recently added to or reduced their stakes in the business. Pinney & Scofield Inc. purchased a new stake in UMB Financial in the fourth quarter worth about $152,000. GTS Securities LLC purchased a new stake in UMB Financial in the fourth quarter worth about $480,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in UMB Financial by 18.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,798 shares of the bank’s stock worth $14,198,000 after acquiring an additional 19,426 shares during the period. State of Wyoming lifted its stake in UMB Financial by 46.4% in the fourth quarter. State of Wyoming now owns 3,833 shares of the bank’s stock worth $433,000 after acquiring an additional 1,215 shares during the period. Finally, Systematic Financial Management LP lifted its stake in UMB Financial by 1.5% in the fourth quarter. Systematic Financial Management LP now owns 325,242 shares of the bank’s stock worth $36,707,000 after acquiring an additional 4,692 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UMBF. Barclays boosted their price target on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Citigroup reiterated a “neutral” rating and set a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Morgan Stanley started coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price objective on the stock. Finally, StockNews.com upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.