UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) CEO J Mariner Kemper sold 15,367 shares of the firm's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $114.58, for a total value of $1,760,750.86. Following the transaction, the chief executive officer owned 1,521,414 shares of the company's stock, valued at approximately $174,323,616.12. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
UMB Financial Trading Down 0.6%
Shares of UMBF stock opened at $114.24 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.15 and a beta of 0.78. UMB Financial Corporation has a 12-month low of $82.00 and a 12-month high of $126.14. The stock's 50-day moving average price is $111.77 and its 200-day moving average price is $111.21.
UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.22. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The company had revenue of $678.34 million during the quarter, compared to analyst estimates of $661.60 million. During the same period in the prior year, the company earned $2.25 earnings per share. The firm's revenue was up 67.0% on a year-over-year basis. Equities research analysts predict that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.
UMB Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Wednesday, December 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from UMB Financial's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Wednesday, December 10th. UMB Financial's payout ratio is 18.12%.
Institutional Trading of UMB Financial
Several institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in shares of UMB Financial by 4,840.0% during the first quarter. Brooklyn Investment Group now owns 247 shares of the bank's stock valued at $25,000 after buying an additional 242 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in UMB Financial by 219.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank's stock valued at $29,000 after acquiring an additional 171 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in UMB Financial in the 1st quarter valued at $27,000. McIlrath & Eck LLC bought a new position in UMB Financial in the 1st quarter valued at $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in UMB Financial in the first quarter worth $35,000. Institutional investors own 87.78% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of UMB Financial in a research note on Monday, December 1st. Wells Fargo & Company boosted their target price on shares of UMB Financial from $125.00 to $130.00 and gave the stock an "equal weight" rating in a report on Monday, September 29th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $135.00 price target (down previously from $138.00) on shares of UMB Financial in a report on Thursday, October 30th. Cowen started coverage on UMB Financial in a research report on Wednesday, September 24th. They issued a "buy" rating for the company. Finally, Hovde Group initiated coverage on UMB Financial in a research report on Monday, October 6th. They set an "outperform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.20.
Read Our Latest Research Report on UMB Financial
UMB Financial Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
