Insider Selling: 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 stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $114.13, for a total transaction of $60,146.51. Following the completion of the sale, the director now owns 13,010 shares of the company’s stock, valued at approximately $1,484,831.30. The trade was a 3.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

UMB Financial Trading Down 1.0 %

NASDAQ UMBF opened at $116.34 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $5.68 billion, a P/E ratio of 12.94 and a beta of 0.82. The firm’s 50-day moving average is $118.22 and its two-hundred day moving average is $110.34. 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 quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period last year, the company posted $2.29 EPS. On average, sell-side analysts anticipate that UMB Financial Co. will post 9.51 earnings per share for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 yield of 1.38%. The ex-dividend date is Monday, March 10th. UMB Financial’s dividend payout ratio (DPR) is 17.80%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UMBF shares. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Barclays raised their target price on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Morgan Stanley initiated coverage on shares of UMB Financial in a research report on Thursday, November 21st. They set an “overweight” rating and a $156.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, Piper Sandler lifted their target price on shares of UMB Financial from $142.00 to $143.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $130.14.

Institutional Trading of UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its stake in shares of UMB Financial by 0.4% in the second quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock valued at $4,496,000 after purchasing an additional 200 shares during the period. Truist Financial Corp boosted its position in UMB Financial by 3.3% in the 2nd quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock valued at $354,000 after buying an additional 136 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in UMB Financial in the 2nd quarter valued at approximately $3,253,000. SG Americas Securities LLC grew its stake in UMB Financial by 69.5% during the 3rd quarter. SG Americas Securities LLC now owns 2,478 shares of the bank’s stock worth $260,000 after purchasing an additional 1,016 shares in the last quarter. Finally, CWM LLC increased its holdings in UMB Financial by 29.3% during the 3rd quarter. CWM LLC now owns 2,510 shares of the bank’s stock worth $264,000 after purchasing an additional 569 shares during the period. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

UMB Financial Company Profile

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.