Kevin M. Macke Sells 1,278 Shares of UMB Financial Corp. (UMBF) Stock
UMB Financial Corp. (NASDAQ:UMBF) insider Kevin M. Macke sold 1,278 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $69.77, for a total transaction of $89,166.06. Following the completion of the sale, the insider now directly owns 8,946 shares in the company, valued at $624,162.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
UMB Financial Corp. (NASDAQ:UMBF) opened at 72.10 on Wednesday. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 24.35 and a beta of 0.73. The company’s 50-day moving average is $62.11 and its 200 day moving average is $57.91. UMB Financial Corp. has a one year low of $39.55 and a one year high of $74.42.
UMB Financial Corp. (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. UMB Financial Corp. had a net margin of 14.87% and a return on equity of 7.65%. During the same quarter last year, the firm earned $0.46 EPS. Equities analysts expect that UMB Financial Corp. will post $3.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Friday, December 9th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This is a positive change from UMB Financial Corp.’s previous quarterly dividend of $0.25. This represents a $1.02 dividend on an annualized basis and a yield of 1.41%. UMB Financial Corp.’s payout ratio is presently 33.22%.
A number of equities analysts have recently commented on UMBF shares. Zacks Investment Research lowered shares of UMB Financial Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. Keefe, Bruyette & Woods raised their target price on shares of UMB Financial Corp. from $52.00 to $53.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. UMB Financial Corp. presently has an average rating of “Buy” and an average target price of $60.67.
A number of institutional investors have recently bought and sold shares of the company. Chicago Equity Partners LLC acquired a new position in UMB Financial Corp. during the second quarter worth $5,102,000. First Midwest Bank Trust Division raised its position in UMB Financial Corp. by 47.0% in the second quarter. First Midwest Bank Trust Division now owns 9,763 shares of the company’s stock worth $519,000 after buying an additional 3,120 shares during the last quarter. American Century Companies Inc. raised its position in UMB Financial Corp. by 20.8% in the second quarter. American Century Companies Inc. now owns 2,653,371 shares of the company’s stock worth $141,186,000 after buying an additional 456,730 shares during the last quarter. Strs Ohio raised its position in UMB Financial Corp. by 88.9% in the second quarter. Strs Ohio now owns 5,100 shares of the company’s stock worth $271,000 after buying an additional 2,400 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in UMB Financial Corp. during the second quarter worth $261,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.
UMB Financial Corp. Company Profile
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