Kevin Charles Gallagher Sells 360 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Kevin Charles Gallagher sold 360 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $145.13, for a total value of $52,246.80. Following the completion of the transaction, the director owned 11,863 shares in the company, valued at $1,721,677.19. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, June 10th, Kevin Charles Gallagher sold 381 shares of UMB Financial stock. The stock was sold at an average price of $132.88, for a total value of $50,627.28.

UMB Financial Stock Performance

Shares of UMB Financial stock opened at $145.73 on Friday. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $149.98. The business’s fifty day simple moving average is $138.73 and its 200-day simple moving average is $127.80. The firm has a market cap of $11.07 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 0.78 and a beta of 0.77. The company has a quick ratio of 0.75, a current ratio of 0.76 and a debt-to-equity ratio of 0.06.

UMB Financial’s stock is set to split on the morning of Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly minted shares will be distributed to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period last year, the company earned $2.96 EPS. Equities analysts forecast that UMB Financial Corporation will post 13.37 earnings per share for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. This is an increase from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is currently 14.32%.

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in UMB Financial by 28.2% in the first quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after purchasing an additional 9,417 shares during the period. NewEdge Advisors LLC increased its holdings in UMB Financial by 47.0% during the 1st quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock worth $570,000 after purchasing an additional 1,803 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in UMB Financial by 65.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock valued at $21,017,000 after purchasing an additional 82,083 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of UMB Financial by 161.7% in the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock valued at $5,043,000 after buying an additional 30,820 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of UMB Financial by 6.8% in the 2nd quarter. Cetera Investment Advisers now owns 4,232 shares of the bank’s stock valued at $445,000 after buying an additional 269 shares during the period. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UMBF. Royal Bank Of Canada reiterated an “outperform” rating and issued a $170.00 target price (up from $168.00) on shares of UMB Financial in a report on Thursday. Stephens initiated coverage on UMB Financial in a research report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 price target for the company. Wells Fargo & Company lifted their price objective on UMB Financial from $130.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Barclays boosted their price objective on UMB Financial from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Hovde Group increased their target price on UMB Financial from $145.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.83.

More UMB Financial News

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

• Positive Sentiment: UMB Financial’s second-quarter earnings exceeded expectations, with earnings per share of $3.57 versus the $3.12 consensus estimate and revenue of $778 million compared with forecasts of $727.63 million. The earnings beat has helped drive renewed investor momentum. UMB Financial Reaches New 12-Month High Following Strong Earnings
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target from $155 to $160 and maintained an “outperform” rating, implying additional upside from recent trading levels. Benzinga analyst price-target report
• Positive Sentiment: RBC Capital Markets reiterated its “buy” stance, while Zacks identified UMB Financial as a strong momentum stock based on its style-score methodology. RBC Capital Markets maintains buy rating Zacks momentum-stock analysis
• Neutral Sentiment: Management signaled third-quarter operating expenses of approximately $390 million and expects the core margin to remain relatively flat. The outlook suggests stable operations but limited near-term margin expansion. UMB Financial third-quarter operating outlook
• Negative Sentiment: Director Kevin Charles Gallagher sold 360 shares for approximately $52,247, reducing his holdings by 2.95%. Insider Robert Brian Beaird separately sold 1,600 shares worth about $231,040, cutting his position by 15.18%. The sales may weigh modestly on sentiment, although insider transactions do not necessarily indicate a change in business outlook. Gallagher SEC filing Beaird SEC filing

About UMB Financial

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.