UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper Sells 11,170 Shares

UMB Financial Co. (NASDAQ:UMBFGet Free Report) CEO J Mariner Kemper sold 11,170 shares of the firm’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 transaction, the chief executive officer now owns 1,738,604 shares in the company, valued at approximately $148,268,149.12. The sale was disclosed in a document filed with the SEC, which is accessible 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 shares were 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 shares were 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 shares were sold at an average price of $83.10, for a total value of $290,850.00.

UMB Financial Stock Down 0.0 %

Shares of NASDAQ:UMBF opened at $83.21 on Thursday. The business has a 50-day moving average price of $81.72 and a 200 day moving average price of $75.14. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 11.59 and a beta of 0.83. UMB Financial Co. has a 12-month low of $50.68 and a 12-month high of $87.36.

UMB Financial (NASDAQ:UMBFGet Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The bank reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. The firm had revenue of $370.80 million during the quarter, compared to the consensus estimate of $360.69 million. UMB Financial had a return on equity of 13.75% and a net margin of 14.70%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $2.06 EPS. Sell-side analysts expect that UMB Financial Co. will post 7.29 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, March 8th. UMB Financial’s payout ratio is 21.73%.

Analysts Set New Price Targets

Several research analysts have recently commented on UMBF shares. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Barclays started coverage on UMB Financial in a report on Friday, March 8th. They set an “equal weight” rating and a $91.00 price target on the stock. Piper Sandler lifted their price target on UMB Financial from $87.50 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Raymond James lifted their price target on UMB Financial from $80.00 to $102.00 and gave the stock a “strong-buy” rating in a report on Thursday, February 1st. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, UMB Financial currently has an average rating of “Moderate Buy” and an average target price of $84.17.

Read Our Latest Research Report on UMBF

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its position in 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 in the last quarter. UBS Group AG grew its position in UMB Financial by 198.1% in the 3rd quarter. UBS Group AG now owns 60,911 shares of the bank’s stock valued at $3,780,000 after acquiring an additional 40,479 shares in the last quarter. Victory Capital Management Inc. grew its position in UMB Financial by 8.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,731,904 shares of the bank’s stock valued at $107,465,000 after acquiring an additional 131,926 shares in the last quarter. MQS Management LLC acquired a new position in UMB Financial in the 3rd quarter valued at about $217,000. Finally, Northern Trust Corp grew its position in UMB Financial by 16.9% in the 2nd quarter. Northern Trust Corp now owns 651,035 shares of the bank’s stock valued at $39,648,000 after acquiring an additional 94,024 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

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.

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