Insider Selling: UMB Financial (NASDAQ:UMBF) Director Sells 460 Shares of Stock

UMB Financial Corporation Director Kevin Charles Gallagher sold 460 shares at $110.71 each, totaling $50,926.60. Post-transaction, he owns 12,090 shares, a 3.67% decrease. The sale was disclosed in an SEC filing. UMB Financial's stock rose 0.4% to $110.28. The company reported strong Q3 earnings and increased its quarterly dividend to $0.43 per share. Analysts have mixed ratings, with a consensus target price of $137.20.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) Director Kevin Charles Gallagher sold 460 shares of the business's stock in a transaction on Monday, November 10th. The stock was sold at an average price of $110.71, for a total value of $50,926.60. Following the completion of the sale, the director directly owned 12,090 shares in the company, valued at $1,338,483.90. This represents a 3.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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UMB Financial Stock Up 0.4%

S&P Downgrades 5 Banks: What Does It Mean For The Market?

NASDAQ UMBF traded up $0.48 during trading on Wednesday, reaching $110.28. 14,619 shares of the company's stock were exchanged, compared to its average volume of 611,909. The company has a current ratio of 0.75, a quick ratio of 0.77 and a debt-to-equity ratio of 0.07. UMB Financial Corporation has a fifty-two week low of $82.00 and a fifty-two week high of $129.94. The company's fifty day simple moving average is $115.98 and its 200-day simple moving average is $110.34. The firm has a market capitalization of $8.38 billion, a PE ratio of 12.50, a P/E/G ratio of 1.11 and a beta of 0.81.

UMB Financial (NASDAQ:UMBF - Get Free Report) last posted its earnings results on Tuesday, October 28th. The bank reported $2.70 EPS for the quarter, topping the consensus estimate of $2.48 by $0.22. The firm had revenue of $678.34 million for the quarter, compared to the consensus estimate of $661.60 million. UMB Financial had a net margin of 16.01% and a return on equity of 12.15%. The business's quarterly revenue was up 67.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. Sell-side analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Wednesday, December 10th will be issued a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 10th. This is a boost from UMB Financial's previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.6%. UMB Financial's dividend payout ratio (DPR) is currently 19.48%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UMBF. Weiss Ratings cut UMB Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday. Wells Fargo & Company boosted their price objective on shares of UMB Financial from $125.00 to $130.00 and gave the company an "equal weight" rating in a report on Monday, September 29th. Barclays set a $155.00 price target on shares of UMB Financial and gave the stock an "overweight" rating in a research report on Wednesday, October 8th. Cowen initiated coverage on UMB Financial in a report on Wednesday, September 24th. They set a "buy" rating on the stock. Finally, Royal Bank Of Canada raised UMB Financial from a "sector perform" rating to an "outperform" rating and set a $128.00 price target on the stock in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.20.

Read Our Latest Analysis on UMBF

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp lifted its holdings in shares of UMB Financial by 0.5% in the second quarter. Truist Financial Corp now owns 20,426 shares of the bank's stock worth $2,148,000 after acquiring an additional 97 shares during the last quarter. MAI Capital Management grew its position in UMB Financial by 14.7% during the 1st quarter. MAI Capital Management now owns 771 shares of the bank's stock worth $78,000 after acquiring an additional 99 shares during the last quarter. OLD National Bancorp IN increased its holdings in UMB Financial by 0.4% in the 2nd quarter. OLD National Bancorp IN now owns 22,834 shares of the bank's stock worth $2,401,000 after purchasing an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in UMB Financial by 3.1% in the third quarter. Sequoia Financial Advisors LLC now owns 3,407 shares of the bank's stock valued at $403,000 after purchasing an additional 101 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in shares of UMB Financial by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 9,298 shares of the bank's stock worth $978,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

About UMB Financial

(Get Free Report)

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.

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