Insider Selling: UMB Financial Corp (UMBF) VP Sells 539 Shares of Stock

UMB Financial Corp (NASDAQ:UMBF) VP Jennifer M. Payne sold 539 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $64.99, for a total transaction of $35,029.61. Following the completion of the sale, the vice president now owns 9,338 shares in the company, valued at $606,876.62. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NASDAQ:UMBF traded down $0.25 during mid-day trading on Monday, hitting $65.07. 127,678 shares of the company’s stock were exchanged, compared to its average volume of 302,225. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.69 and a quick ratio of 0.69. UMB Financial Corp has a fifty-two week low of $57.00 and a fifty-two week high of $82.14. The company has a market cap of $3.26 billion, a PE ratio of 17.35, a P/E/G ratio of 1.79 and a beta of 0.89.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, October 23rd. The bank reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. The business had revenue of $251.38 million for the quarter, compared to the consensus estimate of $260.02 million. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that UMB Financial Corp will post 4.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 7th. This is an increase from UMB Financial’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 1.84%. UMB Financial’s dividend payout ratio (DPR) is currently 30.93%.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in UMB Financial by 3.0% during the 3rd quarter. BlackRock Inc. now owns 5,200,676 shares of the bank’s stock worth $368,727,000 after buying an additional 151,345 shares during the period. American Century Companies Inc. boosted its position in UMB Financial by 31.8% during the 3rd quarter. American Century Companies Inc. now owns 2,583,023 shares of the bank’s stock worth $183,136,000 after buying an additional 623,116 shares during the period. Northern Trust Corp boosted its position in UMB Financial by 0.8% during the 2nd quarter. Northern Trust Corp now owns 1,228,896 shares of the bank’s stock worth $93,679,000 after buying an additional 10,081 shares during the period. Wells Fargo & Company MN raised its holdings in UMB Financial by 11.6% during the 3rd quarter. Wells Fargo & Company MN now owns 1,207,636 shares of the bank’s stock worth $85,621,000 after purchasing an additional 125,464 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in UMB Financial by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,207,342 shares of the bank’s stock worth $85,599,000 after purchasing an additional 16,029 shares during the last quarter. Institutional investors and hedge funds own 88.07% of the company’s stock.

A number of equities research analysts have recently weighed in on UMBF shares. Wells Fargo & Co set a $70.00 price target on shares of UMB Financial and gave the company a “hold” rating in a research note on Tuesday, October 2nd. BidaskClub downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Raymond James set a $69.00 price target on shares of UMB Financial and gave the company a “buy” rating in a research note on Thursday, October 25th. ValuEngine downgraded shares of UMB Financial from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Finally, Zacks Investment Research upgraded shares of UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.00.

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UMB Financial Company Profile

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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