UMB Financial (NASDAQ:UMBF) President James Rine Sells 8,246 Shares

UMB Financial Corporation (NASDAQ:UMBF) President James Rine sold 8,246 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $132.59, for a total value of $1,093,337.14. Following the sale, the president directly owned 61,446 shares in the company, valued at $8,147,125.14. This trade represents a 11.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

UMB Financial Stock Up 0.1%

Shares of NASDAQ UMBF opened at $131.96 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $10.03 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 0.90 and a beta of 0.78. The stock’s fifty day simple moving average is $125.52 and its two-hundred day simple moving average is $121.35. UMB Financial Corporation has a 12-month low of $98.16 and a 12-month high of $136.11.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, April 28th. The bank reported $3.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.59. The firm had revenue of $739.16 million during the quarter, compared to analysts’ expectations of $701.79 million. UMB Financial had a return on equity of 13.07% and a net margin of 20.42%.The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 EPS. As a group, analysts expect that UMB Financial Corporation will post 12.76 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is presently 15.26%.

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of recent analyst reports. Barclays raised their price objective on UMB Financial from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada raised their price objective on UMB Financial from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Truist Financial set a $140.00 target price on UMB Financial in a research note on Friday, May 1st. Piper Sandler raised their target price on UMB Financial from $152.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Hovde Group raised their target price on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, UMB Financial has an average rating of “Buy” and an average target price of $145.55.

Hedge Funds Weigh In On UMB Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new position in shares of UMB Financial during the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new position in shares of UMB Financial during the 4th quarter valued at about $27,000. Axiom Investment Management LLC purchased a new position in shares of UMB Financial during the 1st quarter valued at about $28,000. Hilton Head Capital Partners LLC purchased a new position in shares of UMB Financial during the 4th quarter valued at about $34,000. Finally, Torren Management LLC purchased a new position in shares of UMB Financial during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.