UMB Financial (NASDAQ:UMBF) CAO David Carl Odgers Sells 145 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) CAO David Carl Odgers sold 145 shares of UMB Financial stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $147.30, for a total transaction of $21,358.50. Following the completion of the sale, the chief accounting officer directly owned 6,538 shares of the company’s stock, valued at approximately $963,047.40. The trade was a 2.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

UMB Financial Stock Performance

Shares of NASDAQ UMBF opened at $145.13 on Friday. The business’s 50-day simple moving average is $139.90 and its 200-day simple moving average is $128.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Corporation has a 52 week low of $103.38 and a 52 week high of $150.00. The firm has a market cap of $11.02 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 0.72 and a beta of 0.77.

Shares of UMB Financial are going to split before the market opens on Tuesday, September 1st. The 3-2 split was announced on Tuesday, July 28th. The newly created shares will be payable to shareholders after the closing bell on Monday, August 31st.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating the consensus estimate of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The company had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter last year, the company posted $2.96 earnings per share. As a group, equities research analysts expect that UMB Financial Corporation will post 13.48 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. This is a boost from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is 16.65%.

Wall Street Analyst Weigh In

UMBF has been the topic of several research analyst reports. Truist Financial set a $170.00 price target on UMB Financial and gave the company a “buy” rating in a research report on Tuesday. Stephens began coverage on shares of UMB Financial in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price objective on the stock. Citigroup reiterated a “neutral” rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Hovde Group increased their price target on shares of UMB Financial from $145.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Two research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.00.

Institutional Trading of UMB Financial

Several institutional investors have recently modified their holdings of the company. MBM Wealth Consultants LLC acquired a new position in shares of UMB Financial in the first quarter valued at $26,000. Kemnay Advisory Services Inc. bought a new stake in UMB Financial in the 4th quarter valued at $27,000. Axiom Investment Management LLC bought a new stake in UMB Financial in the 1st quarter valued at $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of UMB Financial in the 2nd quarter valued at $38,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of UMB Financial in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

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.