J Mariner Kemper Sells 8,100 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF) CEO J Mariner Kemper sold 8,100 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $84.00, for a total value of $680,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,673,804 shares in the company, valued at approximately $140,599,536. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, July 1st, J Mariner Kemper sold 8,450 shares of UMB Financial stock. The shares were sold at an average price of $83.33, for a total transaction of $704,138.50.
• On Monday, June 3rd, J Mariner Kemper sold 2,000 shares of UMB Financial stock. The shares were sold at an average price of $81.39, for a total transaction of $162,780.00.
• On Tuesday, May 14th, J Mariner Kemper sold 2,100 shares of UMB Financial stock. The stock was sold at an average price of $83.86, for a total value of $176,106.00.
• On Wednesday, May 1st, J Mariner Kemper sold 2,302 shares of UMB Financial stock. The shares were sold at an average price of $80.72, for a total value of $185,817.44.

UMB Financial Stock Down 1.1 %

Shares of NASDAQ:UMBF opened at $81.58 on Friday. UMB Financial Co. has a fifty-two week low of $57.84 and a fifty-two week high of $87.36. The firm’s 50 day moving average price is $81.92 and its 200 day moving average price is $81.82. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 10.83 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings data on Monday, April 29th. The bank reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.62. UMB Financial had a return on equity of 14.30% and a net margin of 14.59%. The business had revenue of $405.19 million during the quarter, compared to analysts’ expectations of $369.80 million. As a group, equities research analysts predict that UMB Financial Co. will post 8.41 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 10th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $1.56 annualized dividend and a dividend yield of 1.91%. UMB Financial’s dividend payout ratio is presently 20.72%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UMBF shares. Keefe, Bruyette & Woods upgraded UMB Financial from a “market perform” rating to an “outperform” rating and raised their target price for the company from $93.00 to $98.00 in a report on Friday, May 31st. Wells Fargo & Company raised their price objective on shares of UMB Financial from $88.00 to $90.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 30th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Finally, Barclays raised their price target on shares of UMB Financial from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, June 24th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Assetmark Inc. acquired a new position in UMB Financial in the fourth quarter valued at $28,000. Mackenzie Financial Corp acquired a new stake in shares of UMB Financial in the 4th quarter valued at about $228,000. Quadrant Capital Group LLC grew its stake in UMB Financial by 42.6% during the 4th quarter. Quadrant Capital Group LLC now owns 2,743 shares of the bank’s stock worth $229,000 after buying an additional 819 shares during the last quarter. High Net Worth Advisory Group LLC purchased a new stake in UMB Financial in the fourth quarter valued at approximately $234,000. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of UMB Financial in the fourth quarter valued at approximately $236,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

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.