Insider Selling: UMB Financial Co. (NASDAQ:UMBF) Director Sells $50,131.25 in Stock

UMB Financial Co. (NASDAQ:UMBFGet Free Report) Director Kevin Charles Gallagher sold 625 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $80.21, for a total value of $50,131.25. Following the sale, the director now directly owns 12,859 shares in the company, valued at $1,031,420.39. The sale was disclosed in a filing with the SEC, which is available through this link.

UMB Financial Stock Performance

NASDAQ:UMBF opened at $81.67 on Monday. The stock’s fifty day moving average is $80.96 and its 200 day moving average is $71.00. UMB Financial Co. has a fifty-two week low of $50.68 and a fifty-two week high of $92.07. The firm has a market capitalization of $3.96 billion, a PE ratio of 11.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.72.

UMB Financial (NASDAQ:UMBFGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.53. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The company had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. During the same quarter in the prior year, the firm posted $2.06 EPS. UMB Financial’s quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts anticipate that UMB Financial Co. will post 7.29 earnings per share for the current year.

UMB Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.56 annualized dividend and a dividend yield of 1.91%. UMB Financial’s dividend payout ratio (DPR) is 21.73%.

Institutional Trading of UMB Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Commerce Bank lifted its position in shares of UMB Financial by 7.5% during the fourth quarter. Commerce Bank now owns 40,652 shares of the bank’s stock worth $3,396,000 after purchasing an additional 2,827 shares during the last quarter. US Bancorp DE lifted its position in shares of UMB Financial by 1.4% during the fourth quarter. US Bancorp DE now owns 12,358 shares of the bank’s stock worth $1,033,000 after purchasing an additional 169 shares during the last quarter. Assetmark Inc. bought a new stake in shares of UMB Financial during the fourth quarter worth $28,000. GW&K Investment Management LLC bought a new stake in shares of UMB Financial during the fourth quarter worth $20,367,000. Finally, Quest Partners LLC bought a new stake in shares of UMB Financial during the fourth quarter worth $1,415,000. 91.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UMBF has been the topic of several recent research reports. Raymond James upped their price objective on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Janney Montgomery Scott raised UMB Financial from a “neutral” rating to a “buy” rating and set a $73.00 price objective on the stock in a report on Thursday, October 26th. Finally, Piper Sandler increased their price target on UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, UMB Financial currently has an average rating of “Moderate Buy” and a consensus target price of $82.80.

Read Our Latest Research Report on UMB Financial

UMB Financial Company Profile

(Get Free Report)

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 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.

Further Reading

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

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