Kris A. Robbins Sells 5,000 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF) Director Kris A. Robbins sold 5,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.50, for a total value of $512,500.00. Following the sale, the director now directly owns 3,211 shares of the company’s stock, valued at $329,127.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

UMB Financial Stock Down 1.6 %

NASDAQ UMBF traded down $1.58 during trading hours on Friday, reaching $99.83. 279,672 shares of the company’s stock were exchanged, compared to its average volume of 360,269. The company’s 50-day moving average is $94.76 and its two-hundred day moving average is $86.35. UMB Financial Co. has a one year low of $57.91 and a one year high of $105.72. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 13.26 and a beta of 0.78.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, July 30th. The bank reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The firm had revenue of $390.03 million during the quarter, compared to the consensus estimate of $384.96 million. During the same quarter in the prior year, the firm posted $1.93 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, analysts forecast that UMB Financial Co. will post 8.98 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Tuesday, September 10th. UMB Financial’s dividend payout ratio (DPR) is presently 20.72%.

Institutional Investors Weigh In On UMB Financial

Large investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new position in UMB Financial during the 4th quarter worth $28,000. 1620 Investment Advisors Inc. bought a new position in UMB Financial during the 2nd quarter worth $128,000. CWM LLC increased its position in UMB Financial by 7.1% during the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares during the period. Quadrant Capital Group LLC increased its position in shares of UMB Financial by 42.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock worth $229,000 after purchasing an additional 819 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of UMB Financial in the first quarter worth $252,000. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

UMBF has been the subject of several recent research reports. Piper Sandler boosted their price objective on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and upped their price target for the company from $93.00 to $98.00 in a research note on Friday, May 31st. Barclays upped their price target on UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company upped their price target on UMB Financial from $90.00 to $107.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, UMB Financial has an average rating of “Moderate Buy” and a consensus price target of $102.33.

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.