UMB Financial Co. (NASDAQ:UMBF) Insider Robert Brian Beaird Sells 698 Shares

UMB Financial Co. (NASDAQ:UMBF) insider Robert Brian Beaird sold 698 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $93.19, for a total value of $65,046.62. Following the completion of the sale, the insider now owns 6,682 shares of the company’s stock, valued at approximately $622,695.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

UMB Financial Trading Down 3.2 %

NASDAQ:UMBF traded down $2.97 during trading hours on Monday, reaching $90.56. 598,030 shares of the company were exchanged, compared to its average volume of 360,228. UMB Financial Co. has a 52-week low of $57.91 and a 52-week high of $105.21. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 12.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.73 and a quick ratio of 0.75. The stock has a 50 day simple moving average of $86.40 and a 200 day simple moving average of $83.55.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a net margin of 14.55% and a return on equity of 14.23%. The company had revenue of $390.03 million during the quarter, compared to analyst estimates of $384.96 million. During the same period in the prior year, the business posted $1.93 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts predict that UMB Financial Co. will post 8.98 EPS for the current year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.72%. UMB Financial’s dividend payout ratio is currently 20.72%.

Wall Street Analyst Weigh In

Several analysts recently commented on UMBF shares. Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $93.00 to $98.00 in a report on Friday, May 31st. Piper Sandler upped their target price on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays boosted their price target on UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company upped their target price on UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

Institutional Trading of UMB Financial

Several large investors have recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after purchasing an additional 129 shares in the last quarter. Retirement Systems of Alabama lifted its stake in UMB Financial by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 54,848 shares of the bank’s stock valued at $4,771,000 after purchasing an additional 144 shares during the last quarter. US Bancorp DE increased its holdings in shares of UMB Financial by 1.4% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the bank’s stock worth $1,033,000 after purchasing an additional 169 shares during the period. Comerica Bank increased its stake in UMB Financial by 1.2% in the fourth quarter. Comerica Bank now owns 18,816 shares of the bank’s stock valued at $1,572,000 after acquiring an additional 224 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in UMB Financial by 2.3% in the second quarter. Arizona State Retirement System now owns 12,962 shares of the bank’s stock valued at $1,081,000 after buying an additional 291 shares in the last quarter. 87.78% of the stock is owned by institutional investors.

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.