UMB Financial Co. (NASDAQ:UMBF) CEO Sells $216,128.00 in Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $98.24, for a total value of $216,128.00. Following the completion of the transaction, the chief executive officer now owns 198,567 shares in the company, valued at approximately $19,507,222.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

J Mariner Kemper also recently made the following trade(s):

  • On Wednesday, April 7th, J Mariner Kemper sold 585 shares of UMB Financial stock. The stock was sold at an average price of $91.11, for a total value of $53,299.35.
  • On Tuesday, March 2nd, J Mariner Kemper sold 357 shares of UMB Financial stock. The stock was sold at an average price of $86.03, for a total transaction of $30,712.71.
  • On Tuesday, February 23rd, J Mariner Kemper sold 4,221 shares of UMB Financial stock. The stock was sold at an average price of $83.68, for a total transaction of $353,213.28.
  • On Wednesday, February 3rd, J Mariner Kemper sold 1,681 shares of UMB Financial stock. The shares were sold at an average price of $73.73, for a total transaction of $123,940.13.

UMBF opened at $97.48 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.09. UMB Financial Co. has a 52-week low of $40.02 and a 52-week high of $99.82. The company has a 50 day moving average of $93.84 and a two-hundred day moving average of $77.74. The company has a market cap of $4.70 billion, a P/E ratio of 24.01 and a beta of 1.01.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Monday, April 26th. The bank reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.44. UMB Financial had a net margin of 15.62% and a return on equity of 7.54%. The business had revenue of $303.00 million for the quarter, compared to analysts’ expectations of $309.32 million. During the same period in the previous year, the company posted ($0.04) earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Research analysts anticipate that UMB Financial Co. will post 4.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Thursday, June 10th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, June 9th. This represents a $1.28 dividend on an annualized basis and a yield of 1.31%. UMB Financial’s dividend payout ratio is presently 25.65%.

Several equities analysts have recently commented on the stock. Raymond James upped their price objective on shares of UMB Financial from $82.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, April 29th. Wells Fargo & Company lifted their price target on shares of UMB Financial from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, April 29th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $84.50.

Hedge funds have recently bought and sold shares of the business. Morgan Stanley boosted its position in shares of UMB Financial by 18.0% in the third quarter. Morgan Stanley now owns 22,505 shares of the bank’s stock valued at $1,102,000 after acquiring an additional 3,441 shares during the period. Sei Investments Co. lifted its position in UMB Financial by 16.1% in the third quarter. Sei Investments Co. now owns 42,068 shares of the bank’s stock worth $2,062,000 after purchasing an additional 5,830 shares during the period. Crossmark Global Holdings Inc. bought a new position in UMB Financial in the fourth quarter worth $288,000. Strs Ohio lifted its position in UMB Financial by 42.9% in the fourth quarter. Strs Ohio now owns 2,000 shares of the bank’s stock worth $137,000 after purchasing an additional 600 shares during the period. Finally, Congress Asset Management Co. MA lifted its position in UMB Financial by 1.8% in the fourth quarter. Congress Asset Management Co. MA now owns 46,286 shares of the bank’s stock worth $3,193,000 after purchasing an additional 840 shares during the period. 83.83% of the stock is owned by institutional investors.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit cards; commercial real estate financing; letters of credit; loan syndication, and consultative services; various business solutions including asset-based lending, accounts receivable financing, mezzanine debt, and minority equity investments; and treasury management services, such as depository services, account reconciliation, cash management tools, accounts payable and receivable solutions, electronic fund transfer and automated payments, controlled disbursements, lockbox services, and remote deposit capture services.

See Also: Special Dividends

Insider Buying and Selling by Quarter for UMB Financial (NASDAQ:UMBF)

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.