UMB Financial Co. (NASDAQ:UMBF - Get Free Report) CEO J Mariner Kemper sold 11,170 shares of the company's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $85.28, for a total value of $952,577.60. Following the completion of the sale, the chief executive officer now owns 1,738,604 shares in the company, valued at $148,268,149.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
J Mariner Kemper also recently made the following trade(s):
- On Thursday, March 28th, J Mariner Kemper sold 1,440 shares of UMB Financial stock. The stock was sold at an average price of $86.59, for a total value of $124,689.60.
- On Tuesday, March 12th, J Mariner Kemper sold 7,920 shares of UMB Financial stock. The stock was sold at an average price of $80.37, for a total value of $636,530.40.
- On Friday, February 2nd, J Mariner Kemper sold 3,500 shares of UMB Financial stock. The stock was sold at an average price of $83.10, for a total value of $290,850.00.
UMB Financial Stock Performance
NASDAQ UMBF opened at $83.21 on Thursday. The firm has a market capitalization of $4.06 billion, a P/E ratio of 11.59 and a beta of 0.83. UMB Financial Co. has a 1-year low of $50.68 and a 1-year high of $87.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.72 and a quick ratio of 0.72. The business's 50-day simple moving average is $81.72 and its 200-day simple moving average is $75.14.
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UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $370.80 million for the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The company's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. Equities analysts predict that UMB Financial Co. will post 7.29 EPS for the current year.
UMB Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $1.56 annualized dividend and a yield of 1.87%. UMB Financial's dividend payout ratio is presently 21.73%.
Institutional Investors Weigh In On UMB Financial
Several hedge funds and other institutional investors have recently bought and sold shares of UMBF. Goldman Sachs Group Inc. increased its holdings in UMB Financial by 646.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,596,571 shares of the bank's stock worth $158,131,000 after purchasing an additional 2,248,655 shares during the last quarter. State Street Corp increased its holdings in shares of UMB Financial by 81.2% in the 1st quarter. State Street Corp now owns 3,708,145 shares of the bank's stock valued at $361,563,000 after acquiring an additional 1,661,449 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of UMB Financial by 73.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,586,701 shares of the bank's stock valued at $160,505,000 after acquiring an additional 1,095,630 shares during the last quarter. Norges Bank bought a new stake in shares of UMB Financial in the 4th quarter valued at approximately $39,376,000. Finally, Victory Capital Management Inc. increased its holdings in shares of UMB Financial by 15.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,997,303 shares of the bank's stock valued at $166,875,000 after acquiring an additional 265,399 shares during the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
UMBF has been the topic of several recent analyst reports. Barclays initiated coverage on UMB Financial in a research report on Friday, March 8th. They set an "equal weight" rating and a $91.00 target price on the stock. Raymond James increased their target price on UMB Financial from $80.00 to $102.00 and gave the stock a "strong-buy" rating in a research report on Thursday, February 1st. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research report on Saturday, March 16th. Finally, Piper Sandler lifted their price objective on UMB Financial from $87.50 to $99.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st. Four 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's stock. According to data from MarketBeat.com, UMB Financial has a consensus rating of "Moderate Buy" and a consensus target price of $84.17.
Check Out Our Latest Research Report on UMBF
About UMB Financial
(
Get Free Report)
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.
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