Nikki Farentino Newton Sells 1,300 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) insider Nikki Farentino Newton sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $106.09, for a total value of $137,917.00. Following the completion of the transaction, the insider owned 13,667 shares of the company’s stock, valued at approximately $1,449,932.03. This represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

UMB Financial Stock Up 1.0%

NASDAQ UMBF traded up $1.08 on Wednesday, reaching $107.36. The company had a trading volume of 36,947 shares, compared to its average volume of 615,696. The firm has a market capitalization of $8.15 billion, a PE ratio of 12.16, a P/E/G ratio of 1.11 and a beta of 0.80. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $129.94. The firm has a 50-day moving average of $117.32 and a 200-day moving average of $109.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.77.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. The firm had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.UMB Financial’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.25 EPS. On average, equities research analysts anticipate 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. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.43 per share. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, December 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. UMB Financial’s dividend payout ratio (DPR) is currently 19.48%.

Analyst Ratings Changes

Several research firms have recently commented on UMBF. Wells Fargo & Company increased their target price on UMB Financial from $125.00 to $130.00 and gave the company an “equal weight” rating in a research note on Monday, September 29th. Truist Financial upped their price target on UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Weiss Ratings raised UMB Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Royal Bank Of Canada upped their price target on UMB Financial from $122.00 to $128.00 and gave the company a “sector perform” rating in a research report on Friday, October 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $145.00 price target (down from $148.00) on shares of UMB Financial in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UMBF. Vanguard Group Inc. grew its stake in shares of UMB Financial by 54.0% in the first quarter. Vanguard Group Inc. now owns 7,332,764 shares of the bank’s stock worth $741,342,000 after purchasing an additional 2,570,283 shares in the last quarter. Earnest Partners LLC bought a new position in shares of UMB Financial in the first quarter worth $144,351,000. Alliancebernstein L.P. boosted its stake in UMB Financial by 636.7% during the second quarter. Alliancebernstein L.P. now owns 1,488,618 shares of the bank’s stock valued at $156,543,000 after buying an additional 1,286,543 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in UMB Financial by 78.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,700,678 shares of the bank’s stock worth $273,029,000 after acquiring an additional 1,185,671 shares during the period. Finally, Norges Bank acquired a new position in UMB Financial during the second quarter worth about $93,829,000. Institutional investors own 87.78% of the company’s stock.

UMB Financial Company Profile

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.