J Mariner Kemper Sells 3,500 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) CEO J Mariner Kemper sold 3,500 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.61, for a total transaction of $380,135.00. Following the completion of the transaction, the chief executive officer now owns 334,347 shares in the company, valued at approximately $36,313,427.67. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, December 2nd, J Mariner Kemper sold 24,300 shares of UMB Financial stock. The stock was sold at an average price of $124.95, for a total transaction of $3,036,285.00.

UMB Financial Price Performance

Shares of NASDAQ:UMBF traded up $1.68 during midday trading on Friday, reaching $110.33. 1,035,725 shares of the company's stock traded hands, compared to its average volume of 803,370. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. The company has a market cap of $5.38 billion, a P/E ratio of 12.27 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The company has a fifty day simple moving average of $114.45 and a two-hundred day simple moving average of $112.07.

UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter last year, the business posted $2.29 EPS. Equities analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.45%. UMB Financial's payout ratio is currently 17.80%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UMBF. Covestor Ltd lifted its holdings in UMB Financial by 31.0% in the 3rd quarter. Covestor Ltd now owns 431 shares of the bank's stock valued at $45,000 after purchasing an additional 102 shares in the last quarter. USA Financial Formulas lifted its holdings in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank's stock valued at $55,000 after purchasing an additional 268 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in UMB Financial in the 3rd quarter valued at $83,000. Venturi Wealth Management LLC purchased a new position in UMB Financial in the 4th quarter valued at $96,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in UMB Financial in the 4th quarter valued at $103,000. Hedge funds and other institutional investors own 87.78% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on UMBF shares. Morgan Stanley started coverage on UMB Financial in a research report on Thursday, November 21st. They issued an "overweight" rating and a $156.00 price objective on the stock. Citigroup restated a "neutral" rating and issued a $127.00 price objective (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. StockNews.com upgraded UMB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Finally, Piper Sandler upped their price objective on UMB Financial from $142.00 to $143.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $130.14.

UMB Financial Company Profile

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.