UMB Financial Co. (NASDAQ:UMBF) Director Kevin Charles Gallagher Sells 527 Shares

UMB Financial Co. (NASDAQ:UMBF - Get Free Report) Director Kevin Charles Gallagher sold 527 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $114.13, for a total transaction of $60,146.51. Following the transaction, the director now owns 13,010 shares in the company, valued at $1,484,831.30. The trade was a 3.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

UMB Financial Trading Down 1.9 %

NASDAQ:UMBF traded down $2.23 during trading hours on Friday, hitting $114.11. The stock had a trading volume of 887,516 shares, compared to its average volume of 902,847. The business's 50 day moving average is $118.03 and its 200-day moving average is $110.38. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 12.69 and a beta of 0.82. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping 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 in the previous year, the business posted $2.29 earnings per share. Sell-side analysts anticipate that UMB Financial Co. will post 9.51 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.40%. UMB Financial's payout ratio is 17.80%.

Analyst Upgrades and Downgrades

UMBF has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $128.00 price objective on shares of UMB Financial in a research report on Thursday, January 30th. Piper Sandler upped their target price on shares of UMB Financial from $142.00 to $143.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. StockNews.com upgraded shares of UMB Financial from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. Citigroup restated a "neutral" rating and issued a $127.00 price objective (down from $130.00) on shares of UMB Financial in a report on Monday. Finally, Barclays lifted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday, December 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.14.

Hedge Funds Weigh In On UMB Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its stake in shares of UMB Financial by 767.4% in the 3rd quarter. Cerity Partners LLC now owns 21,269 shares of the bank's stock valued at $2,236,000 after purchasing an additional 18,817 shares during the period. Principal Financial Group Inc. raised its position in UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank's stock valued at $91,114,000 after buying an additional 694,751 shares during the last quarter. Natixis Advisors LLC boosted its position in UMB Financial by 51.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank's stock worth $3,041,000 after acquiring an additional 9,803 shares during the last quarter. King Luther Capital Management Corp boosted its position in UMB Financial by 229.6% during the 3rd quarter. King Luther Capital Management Corp now owns 47,116 shares of the bank's stock worth $4,952,000 after acquiring an additional 32,820 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of UMB Financial by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,114,251 shares of the bank's stock valued at $117,139,000 after purchasing an additional 21,091 shares during the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

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.