Insider Selling: UMB Financial Corp (NASDAQ:UMBF) Chairman Sells 3,999 Shares of Stock

UMB Financial Corp (NASDAQ:UMBF) Chairman J Mariner Kemper sold 3,999 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $71.22, for a total transaction of $284,808.78. Following the completion of the sale, the chairman now owns 188,711 shares in the company, valued at $13,439,997.42. The sale was disclosed in a document filed with the SEC, which is available at this link.

J Mariner Kemper also recently made the following trade(s):

  • On Wednesday, May 8th, J Mariner Kemper sold 5,800 shares of UMB Financial stock. The shares were sold at an average price of $71.23, for a total transaction of $413,134.00.
  • On Wednesday, May 1st, J Mariner Kemper sold 3,000 shares of UMB Financial stock. The shares were sold at an average price of $69.24, for a total transaction of $207,720.00.

NASDAQ:UMBF traded down $1.00 during midday trading on Thursday, hitting $63.10. 213,996 shares of the company were exchanged, compared to its average volume of 248,776. UMB Financial Corp has a fifty-two week low of $57.00 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $3.10 billion, a P/E ratio of 15.66, a P/E/G ratio of 1.78 and a beta of 0.87.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.09. UMB Financial had a net margin of 16.66% and a return on equity of 8.90%. The firm had revenue of $271.30 million for the quarter, compared to analyst estimates of $262.18 million. During the same period last year, the business earned $1.18 EPS. UMB Financial’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that UMB Financial Corp will post 4.78 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.20 annualized dividend and a yield of 1.90%. UMB Financial’s dividend payout ratio is currently 29.78%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of UMB Financial from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. BidaskClub upgraded shares of UMB Financial from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Stephens set a $74.00 price objective on shares of UMB Financial and gave the company a “buy” rating in a report on Tuesday, April 23rd. Finally, Raymond James lifted their price target on shares of UMB Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. UMB Financial presently has an average rating of “Hold” and an average target price of $73.25.

Large investors have recently made changes to their positions in the stock. Two Sigma Advisers LP increased its stake in UMB Financial by 54.7% in the fourth quarter. Two Sigma Advisers LP now owns 35,918 shares of the bank’s stock valued at $2,190,000 after purchasing an additional 12,700 shares during the period. Meritage Portfolio Management increased its stake in UMB Financial by 0.6% in the fourth quarter. Meritage Portfolio Management now owns 31,328 shares of the bank’s stock valued at $1,910,000 after purchasing an additional 200 shares during the period. Atwood & Palmer Inc. increased its stake in UMB Financial by 990.8% in the fourth quarter. Atwood & Palmer Inc. now owns 6,894 shares of the bank’s stock valued at $420,000 after purchasing an additional 6,262 shares during the period. Brand Asset Management Group Inc. acquired a new position in UMB Financial in the fourth quarter valued at $58,000. Finally, Vanguard Group Inc. increased its stake in UMB Financial by 1.7% in the third quarter. Vanguard Group Inc. now owns 4,476,671 shares of the bank’s stock valued at $317,396,000 after purchasing an additional 72,994 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. It operates through four segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services. The Commercial Banking segment provides commercial loans, commercial credit cards, letters of credit, loan syndication services, consultative services, and various financial options; capital markets services, including asset-based financing, asset securitization, equity and mezzanine financing, factoring, and private and public placement of senior debt, as well as merger and acquisition consulting; and depository, account reconciliation, electronic fund transfer, controlled disbursements, lockbox, and remote deposit capture services.

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