J Mariner Kemper Sells 2,302 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 2,302 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.72, for a total transaction of $185,817.44. Following the transaction, the chief executive officer now owns 1,722,404 shares in the company, valued at $139,032,450.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, April 1st, J Mariner Kemper sold 11,170 shares of UMB Financial stock. The shares were sold at an average price of $85.28, for a total value of $952,577.60.
• On Thursday, March 28th, J Mariner Kemper sold 1,440 shares of UMB Financial stock. The stock was sold at an average price of $86.59, for a total value of $124,689.60.
• On Tuesday, March 12th, J Mariner Kemper sold 7,920 shares of UMB Financial stock. The stock was sold at an average price of $80.37, for a total value of $636,530.40.
• On Friday, February 2nd, J Mariner Kemper sold 3,500 shares of UMB Financial stock. The shares were sold at an average price of $83.10, for a total transaction of $290,850.00.

UMB Financial Price Performance

NASDAQ UMBF opened at $82.56 on Friday. The stock has a 50-day simple moving average of $81.87 and a 200 day simple moving average of $78.12. UMB Financial Co. has a twelve month low of $50.68 and a twelve month high of $87.36. The stock has a market capitalization of $4.02 billion, a PE ratio of 10.96 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.72 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Wednesday, January 31st. The bank reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.53. The company had revenue of $370.80 million during the quarter, compared to analyst estimates of $360.69 million. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 earnings per share. Research analysts anticipate that UMB Financial Co. will post 8.01 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, June 7th. UMB Financial’s payout ratio is currently 20.72%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UMBF. Piper Sandler raised their price target on shares of UMB Financial from $87.50 to $99.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Barclays raised UMB Financial from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $91.00 to $95.00 in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective on UMB Financial from $86.00 to $93.00 and gave the company a “market perform” rating in a report on Tuesday. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Saturday, March 16th. Finally, Wells Fargo & Company increased their price target on UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and an average target price of $92.00.

Institutional Trading of UMB Financial

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. acquired a new position in shares of UMB Financial during the fourth quarter valued at about $28,000. Headlands Technologies LLC acquired a new position in UMB Financial in the 3rd quarter valued at approximately $74,000. Mackenzie Financial Corp bought a new stake in shares of UMB Financial in the 4th quarter worth approximately $228,000. Quadrant Capital Group LLC grew its holdings in shares of UMB Financial by 42.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock worth $229,000 after purchasing an additional 819 shares in the last quarter. Finally, High Net Worth Advisory Group LLC bought a new stake in shares of UMB Financial during the fourth quarter valued at approximately $234,000. 87.78% of the stock is owned by institutional investors.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.