UMB Financial Co. (NASDAQ:UMBF) Director Sells $60,146.51 in Stock

UMB Financial Co. (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 527 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total value of $60,146.51. Following the transaction, the director now directly owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. This represents a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

UMB Financial Stock Up 1.4 %

UMB Financial stock traded up $1.62 during midday trading on Tuesday, reaching $114.86. The stock had a trading volume of 171,936 shares, compared to its average volume of 880,845. The company has a fifty day moving average price of $118.91 and a two-hundred day moving average price of $110.01. The company has a market capitalization of $5.61 billion, a P/E ratio of 12.78 and a beta of 0.82. 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 12 month low of $76.00 and a 12 month high of $129.94.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter last year, the business earned $2.29 EPS. As a group, equities analysts expect that UMB Financial Co. will post 9.51 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Monday, March 10th. UMB Financial’s dividend payout ratio is currently 17.80%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On UMB Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in UMB Financial during the 3rd quarter valued at $26,000. Covestor Ltd raised its holdings 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 purchasing an additional 102 shares during the last quarter. USA Financial Formulas lifted its position in shares of UMB Financial by 124.7% during the fourth quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in UMB Financial during the third quarter worth about $83,000. Finally, Venturi Wealth Management LLC bought a new stake in UMB Financial in the 4th quarter worth about $96,000. 87.78% of the stock is owned by 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.