UMB Financial (NASDAQ:UMBF) Director Susan Murphy Sells 1,377 Shares

UMB Financial Corporation (NASDAQ:UMBF) Director Susan Murphy sold 1,377 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $145.55, for a total value of $200,422.35. Following the sale, the director owned 10,635 shares in the company, valued at $1,547,924.25. The trade was a 11.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

UMB Financial Stock Performance

UMB Financial stock opened at $145.60 on Friday. The stock has a 50-day simple moving average of $140.19 and a 200 day simple moving average of $128.70. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12-month low of $103.38 and a 12-month high of $150.00. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.71 and a beta of 0.77.

UMB Financial’s stock is set to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be payable to shareholders after the market closes on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last announced its 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. UMB Financial had a net margin of 21.64% and a return on equity of 13.41%. The company had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. During the same period in the previous year, the firm posted $2.96 earnings per share. On average, research analysts anticipate that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a $0.50 dividend. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. UMB Financial’s dividend payout ratio (DPR) is 14.32%.

Analyst Ratings Changes

UMBF has been the topic of a number of recent research reports. TD Cowen reiterated a “buy” rating and issued a $166.00 price objective (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Barclays restated an “overweight” rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UMB Financial in a research note on Friday, July 24th. Truist Financial set a $170.00 price target on UMB Financial and gave the company a “buy” rating in a report on Tuesday. Finally, Stephens began coverage on UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.00.

Institutional Investors Weigh In On UMB Financial

A number of institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its holdings in UMB Financial by 4.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock valued at $295,000 after buying an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of UMB Financial by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock worth $335,000 after buying an additional 108 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of UMB Financial by 1.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after acquiring an additional 112 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of UMB Financial by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after acquiring an additional 125 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in UMB Financial by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank’s stock worth $450,000 after acquiring an additional 129 shares during the period. 87.78% of the stock is owned by institutional investors and hedge funds.

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.