UMB Financial (NASDAQ:UMBF) Insider Phillip James Mason Sells 800 Shares

UMB Financial Corporation (NASDAQ:UMBF) insider Phillip James Mason sold 800 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $147.00, for a total transaction of $117,600.00. Following the transaction, the insider owned 8,894 shares in the company, valued at approximately $1,307,418. The trade was a 8.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

UMB Financial Price Performance

UMBF opened at $148.33 on Wednesday. UMB Financial Corporation has a 1 year low of $103.38 and a 1 year high of $150.00. The company’s 50 day simple moving average is $139.32 and its 200 day simple moving average is $128.25. The stock has a market capitalization of $11.27 billion, a PE ratio of 12.35, a P/E/G ratio of 0.72 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76.

UMB Financial shares are set to split before the market opens on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly issued shares will be payable to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. The company had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. During the same quarter last year, the firm posted $2.96 earnings per share. As a group, sell-side analysts expect that UMB Financial Corporation will post 13.48 EPS for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s payout ratio is currently 14.32%.

Wall Street Analysts Forecast Growth

UMBF has been the topic of a number of research analyst reports. TD Cowen reiterated a “buy” rating and issued a $166.00 target price (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th. Morgan Stanley raised their price objective on UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Stephens assumed coverage on UMB Financial in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Institutional Trading of UMB Financial

Several large investors have recently added to or reduced their stakes in UMBF. Royal Bank of Canada raised its position in UMB Financial by 28.2% in the first quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after purchasing an additional 9,417 shares during the period. NewEdge Advisors LLC boosted its position in shares of UMB Financial by 47.0% in the first quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock worth $570,000 after buying an additional 1,803 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of UMB Financial by 65.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock valued at $21,017,000 after buying an additional 82,083 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of UMB Financial by 161.7% during the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock valued at $5,043,000 after buying an additional 30,820 shares during the period. Finally, Cetera Investment Advisers lifted its position in UMB Financial by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock worth $445,000 after acquiring an additional 269 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

About UMB Financial

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.