Key Points
- Director Susan Murphy sold 1,377 UMB Financial shares for approximately $200,422 at an average price of $145.55, reducing her ownership by 11.46% to 10,635 shares.
- UMB Financial reported quarterly earnings of $3.57 per share, beating estimates by $0.45, while revenue of $778 million also exceeded expectations. The company will implement a 3-for-2 stock split on September 1.
- The bank increased its quarterly dividend from $0.43 to $0.50 per share, producing a 1.4% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $162.
UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) Director Susan Murphy sold 1,377 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $145.55, for a total value of $200,422.35. Following the transaction, the director owned 10,635 shares in the company, valued at $1,547,924.25. This represents a 11.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
UMB Financial Stock Performance
Shares of NASDAQ UMBF opened at $145.60 on Friday. UMB Financial Corporation has a one year low of $103.38 and a one year high of $150.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $140.19 and a 200 day simple moving average of $128.70. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.71 and a beta of 0.77.
UMB Financial shares are scheduled to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly issued shares will be distributed to shareholders after the closing bell on Monday, August 31st.
UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating analysts' consensus estimates of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The company had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same period in the previous year, the business earned $2.96 earnings per share. Sell-side analysts expect that UMB Financial Corporation will post 13.48 EPS for the current year.
UMB Financial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.50 per share. This is a boost from UMB Financial's previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. UMB Financial's dividend payout ratio is 14.32%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Truist Financial set a $170.00 price target on UMB Financial and gave the company a "buy" rating in a research report on Tuesday. Weiss Ratings restated a "buy (b)" rating on shares of UMB Financial in a research note on Friday, July 24th. Zacks Research lowered shares of UMB Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $170.00 target price (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th. Finally, Stephens began coverage on shares of UMB Financial in a report on Tuesday, July 14th. They set an "overweight" rating and a $167.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $162.00.
View Our Latest Analysis on UMB Financial
Institutional Investors Weigh In On UMB Financial
A number of large investors have recently bought and sold shares of UMBF. Hsbc Holdings PLC increased its stake in shares of UMB Financial by 290.2% in the 1st quarter. Hsbc Holdings PLC now owns 13,355 shares of the bank's stock valued at $1,506,000 after buying an additional 9,932 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its stake in shares of UMB Financial by 40.8% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 38,261 shares of the bank's stock valued at $4,402,000 after acquiring an additional 11,083 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of UMB Financial by 5,349.0% during the fourth quarter. Farther Finance Advisors LLC now owns 13,568 shares of the bank's stock valued at $1,561,000 after acquiring an additional 13,319 shares during the period. Clearbridge Investments LLC boosted its holdings in UMB Financial by 1.5% in the fourth quarter. Clearbridge Investments LLC now owns 614,037 shares of the bank's stock valued at $70,639,000 after acquiring an additional 9,147 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in UMB Financial by 62.7% in the first quarter. SG Americas Securities LLC now owns 20,784 shares of the bank's stock valued at $2,344,000 after acquiring an additional 8,013 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.
About UMB Financial
(
Get Free Report)
UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.
In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.
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