UMB Financial (NASDAQ:UMBF) Director Kevin Charles Gallagher Sells 388 Shares

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 388 shares of UMB Financial stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the completion of the transaction, the director directly owned 12,488 shares in the company, valued at approximately $1,614,698.40. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kevin Charles Gallagher also recently made the following trade(s):

• On Monday, November 10th, Kevin Charles Gallagher sold 460 shares of UMB Financial stock. The shares were sold at an average price of $110.71, for a total transaction of $50,926.60.

UMB Financial Trading Down 0.1%

NASDAQ UMBF opened at $127.96 on Wednesday. The firm’s 50 day moving average price is $119.41 and its two-hundred day moving average price is $116.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $131.60. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.01 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The company had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. During the same quarter in the prior year, the company earned $2.49 earnings per share. The company’s revenue for the quarter was up 66.0% on a year-over-year basis. Equities analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a yield of 1.3%. UMB Financial’s dividend payout ratio (DPR) is presently 18.84%.

Analyst Ratings Changes

Several analysts recently commented on UMBF shares. Piper Sandler raised their price target on shares of UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Raymond James Financial reissued a “strong-buy” rating and set a $145.00 target price on shares of UMB Financial in a research note on Thursday, January 29th. Weiss Ratings cut shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Barclays reiterated an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a report on Thursday, January 29th. Finally, Citigroup boosted their target price on UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and an average price target of $141.00.

UMB Financial News Roundup

Here are the key news stories impacting UMB Financial this week:

• Positive Sentiment: Director Tamara Peterman bought 154 shares at ~$127.83, a small insider purchase that signals some confidence from management-level insiders. Tamara Peterman Form 4
• Positive Sentiment: Director Greg M. Graves acquired 220 shares at ~$127.83, another modest insider buy that slightly offsets selling pressure. Greg M. Graves Form 4
• Neutral Sentiment: Director Kevin Charles Gallagher sold 388 shares at an average of $129.30 (~$50k total); a small reduction in ownership that is unlikely to move the needle materially. Kevin C. Gallagher Form 4
• Negative Sentiment: CEO J. Mariner Kemper sold substantial blocks (15,214 shares at ~$128.59 and 3,500 shares at ~$129.06) totaling roughly $2.4M. While Kemper retains a large position, these notable sales can be interpreted negatively by the market and likely contributed to downward pressure on the stock. J. Mariner Kemper Form 4

Institutional Investors Weigh In On UMB Financial

Several institutional investors and hedge funds have recently modified their holdings of UMBF. State Street Corp increased its position in UMB Financial by 7.9% during the second quarter. State Street Corp now owns 4,296,190 shares of the bank’s stock worth $453,461,000 after buying an additional 313,414 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of UMB Financial by 32.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,098,798 shares of the bank’s stock worth $366,743,000 after acquiring an additional 751,525 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of UMB Financial by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,832,827 shares of the bank’s stock valued at $335,264,000 after acquiring an additional 94,451 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of UMB Financial by 3.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,976,030 shares of the bank’s stock valued at $213,688,000 after acquiring an additional 63,147 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in UMB Financial by 6.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,846,252 shares of the bank’s stock worth $194,173,000 after purchasing an additional 119,319 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Company Profile

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.