Nikki Farentino Newton Sells 2,000 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) insider Nikki Farentino Newton sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $148.60, for a total value of $297,200.00. Following the completion of the transaction, the insider owned 11,981 shares in the company, valued at $1,780,376.60. The trade was a 14.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

UMB Financial Stock Performance

Shares of UMBF traded up $1.29 on Tuesday, reaching $148.33. 703,631 shares of the company’s stock traded hands, compared to its average volume of 638,357. The stock’s 50 day simple moving average is $139.04 and its two-hundred day simple moving average is $128.06. The stock has a market cap of $11.27 billion, a PE ratio of 12.35, a PEG ratio of 0.77 and a beta of 0.77. UMB Financial Corporation has a 52-week low of $103.38 and a 52-week high of $150.00. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

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

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million during the quarter, compared to analyst estimates 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 firm posted $2.96 EPS. On average, analysts forecast that UMB Financial Corporation will post 13.37 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.3%. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, September 10th. UMB Financial’s dividend payout ratio (DPR) is presently 16.65%.

Hedge Funds Weigh In On UMB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC purchased a new stake in shares of UMB Financial during the 1st quarter valued at $26,000. Kemnay Advisory Services Inc. bought a new position in UMB Financial in the fourth quarter valued at $27,000. Axiom Investment Management LLC bought a new position in UMB Financial in the first quarter valued at $28,000. Hilton Head Capital Partners LLC purchased a new stake in UMB Financial during the fourth quarter valued at about $34,000. Finally, Torren Management LLC bought a new stake in UMB Financial during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on UMBF. Truist Financial set a $170.00 target price on shares of UMB Financial and gave the stock a “buy” rating in a research note on Tuesday. Citigroup reaffirmed a “neutral” rating and issued a $162.00 price target (up from $144.00) on shares of UMB Financial in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of UMB Financial in a research report on Friday, July 24th. TD Cowen reissued a “buy” rating and set a $166.00 price objective (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods boosted their target price on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $162.00.

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.