UMB Financial Co. (NASDAQ: UMBF – Get a rating) CEO J Mariner Kemper sold 17,324 shares of the company in a transaction that took place on Thursday, August 18. The shares were sold at an average price of $98.52, for a total value of $1,706,760.48. As a result of the sale, the CEO now owns 1,938,116 shares of the company, valued at approximately $190,943,188.32. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
Performance of UMB financial stocks
Shares of UMBF Share opened at $94.81 on Tuesday. UMB Financial Co. has a 12-month low of $81.57 and a 12-month high of $112.24. The company has a market capitalization of $4.58 billion, a price-earnings ratio of 11.09 and a beta of 0.91. The company has a 50-day simple moving average of $89.68 and a 200-day simple moving average of $93.67. The company has a debt ratio of 0.10, a current ratio of 0.65 and a quick ratio of 0.65.
UMB Financial (NASDAQ: UMBF – Get a rating) last released its quarterly earnings data on Tuesday, July 26. The bank reported earnings per share (EPS) of $2.83 for the quarter, beating analyst consensus estimates of $1.88 by $0.95. UMB Financial had a return on equity of 14.34% and a net margin of 28.98%. During the same period last year, the company posted earnings per share of $1.80. On average, equity research analysts expect UMB Financial Co. to post EPS of 9.44 for the current year.
UMB Financial announces dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3. Shareholders of record on Monday, September 12 will receive a dividend of $0.37 per share. This represents a dividend of $1.48 on an annualized basis and a yield of 1.56%. The ex-date of this dividend is Friday, September 9. UMB Financial’s payout ratio is currently 17.31%.
Wall Street analysts predict growth
A number of brokerages have weighed in on UMBF recently. Wells Fargo & Company lowered its price target on UMB Financial from $110.00 to $100.00 in a Thursday, April 28 research report. StockNews.com upgraded UMB Financial from a “sell” to a “hold” rating in a Sunday May 1 research report. Finally, Raymond James lowered his price target on UMB Financial from $113.00 to $108.00 and set an “outperform” rating on the stock in a Thursday, July 7 research report.
Hedge funds weigh on UMB Financial
A number of institutional investors and hedge funds have recently increased or reduced their stake in the company. ExodusPoint Capital Management LP increased its stake in UMB Financial by 149.5% during the 2nd quarter. ExodusPoint Capital Management LP now owns 5,916 shares of the bank valued at $509,000 after buying 3,545 additional shares last quarter. Walleye Capital LLC bought a new position in UMB Financial during Q2 worth $202,000. Goldman Sachs Group Inc. increased its stake in UMB Financial by 104.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 462,357 shares of the bank valued at $39,808,000 after buying an additional 236,176 shares last quarter. Captrust Financial Advisors increased its stake in UMB Financial by 93.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,109 shares of the bank valued at $95,000 after buying an additional 536 shares last quarter. Finally, Jane Street Group LLC increased its stake in UMB Financial by 280.4% during the 2nd quarter. Jane Street Group LLC now owns 9,693 shares of the bank valued at $835,000 after buying an additional 7,145 shares last quarter. 87.26% of the shares are held by institutional investors.
UMB Financial Company Profile
UMB Financial Corporation operates as a bank holding company for UMB bank which provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit cards; commercial real estate financing; letter of credit; loan syndication and advisory service; various business solutions, including asset-based lending, accounts receivable financing, mezzanine debt and minority equity investments; and cash management service, such as deposit service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic funds transfer and automated payment, controlled disbursement, vault service and input service remote filing.
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