Kevin Charles Gallagher Sells 460 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 460 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $110.71, for a total transaction of $50,926.60. Following the sale, the director directly owned 12,090 shares in the company, valued at $1,338,483.90. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

UMB Financial Stock Performance

Shares of UMBF opened at $109.03 on Friday. UMB Financial Corporation has a 1 year low of $82.00 and a 1 year high of $129.94. The company’s 50 day simple moving average is $115.45 and its 200 day simple moving average is $110.49. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.11 and a beta of 0.81. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.77 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, topping the consensus estimate of $2.48 by $0.22. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The firm had revenue of $678.34 million during the quarter, compared to analysts’ expectations of $661.60 million. During the same period in the previous year, the company earned $2.25 EPS. UMB Financial’s revenue for the quarter was up 67.0% on a year-over-year basis. On average, sell-side analysts predict that UMB Financial Corporation will post 9.66 EPS for the current 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 paid a $0.43 dividend. The ex-dividend date is Wednesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.6%. UMB Financial’s payout ratio is currently 19.48%.

Wall Street Analyst Weigh In

UMBF has been the topic of a number of research analyst reports. Weiss Ratings lowered UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. Morgan Stanley raised their target price on shares of UMB Financial from $120.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Royal Bank Of Canada raised shares of UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 price target for the company in a research report on Thursday, November 6th. Hovde Group started coverage on shares of UMB Financial in a report on Monday, October 6th. They issued an “outperform” rating on the stock. Finally, Piper Sandler reissued an “overweight” rating and set a $145.00 price objective (down from $148.00) on shares of UMB Financial in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Institutional Investors Weigh In On UMB Financial

Several institutional investors have recently bought and sold shares of the business. M&T Bank Corp purchased a new position in UMB Financial in the first quarter valued at about $237,000. FORA Capital LLC acquired a new position in shares of UMB Financial in the 1st quarter valued at approximately $307,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of UMB Financial during the 1st quarter valued at approximately $2,538,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of UMB Financial by 41.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,344 shares of the bank’s stock valued at $6,101,000 after buying an additional 17,696 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of UMB Financial by 27.8% during the first quarter. US Bancorp DE now owns 16,743 shares of the bank’s stock worth $1,693,000 after buying an additional 3,638 shares in the last quarter. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

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.