UMB Financial Corporation (UMBF) to Issue Quarterly Dividend of $0.43 on April 1st

UMB Financial Corporation (NASDAQ:UMBF) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.43 per share by the bank on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th.

UMB Financial has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 32 years. UMB Financial has a dividend payout ratio of 15.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect UMB Financial to earn $11.06 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 15.6%.

UMB Financial Stock Down 3.4%

Shares of UMB Financial stock opened at $113.49 on Friday. UMB Financial has a 1 year low of $82.00 and a 1 year high of $136.11. The company has a market cap of $8.64 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.81 and a beta of 0.78. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $123.37 and a 200 day moving average price of $118.38.

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

Insider Activity at UMB Financial

In other UMB Financial news, Director Kevin Charles Gallagher sold 388 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $129.30, for a total transaction of $50,168.40. Following the transaction, the director directly owned 12,488 shares in the company, valued at $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 is available at the SEC website. Also, CEO J Mariner Kemper sold 15,214 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $128.59, for a total value of $1,956,368.26. Following the completion of the sale, the chief executive officer directly owned 1,506,200 shares of the company’s stock, valued at $193,682,258. This represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 34,469 shares of company stock valued at $4,218,998. Insiders own 5.45% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC grew its holdings in UMB Financial by 3.1% during the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank’s stock valued at $403,000 after purchasing an additional 101 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of UMB Financial by 4.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank’s stock worth $295,000 after buying an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of UMB Financial by 3.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank’s stock worth $335,000 after buying an additional 108 shares during the period. Concurrent Investment Advisors LLC grew its stake in UMB Financial by 1.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 6,424 shares of the bank’s stock valued at $739,000 after buying an additional 112 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in UMB Financial by 0.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 16,560 shares of the bank’s stock valued at $1,960,000 after buying an additional 129 shares during the last quarter. 87.78% of the stock is owned by institutional investors.

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.