Robert Brian Beaird Sells 854 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF) insider Robert Brian Beaird sold 854 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $123.38, for a total value of $105,366.52. Following the transaction, the insider now owns 5,828 shares of the company’s stock, valued at approximately $719,058.64. This trade represents a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

UMB Financial Stock Up 1.5 %

Shares of UMBF opened at $125.00 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $110.81 and a two-hundred day moving average price of $97.26. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 15.63 and a beta of 0.78. UMB Financial Co. has a 12 month low of $69.96 and a 12 month high of $128.73.

UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. The business had revenue of $716.44 million during the quarter, compared to analysts’ expectations of $398.83 million. During the same period in the prior year, the firm posted $2.02 EPS. Equities analysts predict that UMB Financial Co. will post 9.33 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be issued a $0.40 dividend. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. UMB Financial’s dividend payout ratio is presently 19.50%.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds have recently made changes to their positions in UMBF. Covestor Ltd boosted its position in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares in the last quarter. CWM LLC increased its holdings in shares of UMB Financial by 7.1% during the second quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares in the last quarter. Truist Financial Corp increased its holdings in shares of UMB Financial by 3.3% during the second quarter. Truist Financial Corp now owns 4,238 shares of the bank’s stock worth $354,000 after buying an additional 136 shares in the last quarter. Commerce Bank raised its stake in shares of UMB Financial by 0.3% in the third quarter. Commerce Bank now owns 41,708 shares of the bank’s stock valued at $4,384,000 after acquiring an additional 142 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in UMB Financial by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 53,900 shares of the bank’s stock worth $4,496,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Piper Sandler upped their target price on shares of UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Morgan Stanley started coverage on shares of UMB Financial in a research note on Thursday. They issued an “overweight” rating and a $156.00 target price for the company. Wells Fargo & Company lifted their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Citigroup assumed coverage on UMB Financial in a research note on Thursday, October 10th. They set a “buy” rating and a $127.00 price target on the stock. Finally, StockNews.com lowered UMB Financial from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.00.

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.