Insider Selling: Craig L. Anderson Unloads 1,539 Shares of UMB Financial Corp. Stock (UMBF)
UMB Financial Corp. (NASDAQ:UMBF) Insider Craig L. Anderson sold 1,539 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $57.12, for a total transaction of $87,907.68. Following the transaction, the insider now directly owns 18,403 shares of the company’s stock, valued at approximately $1,051,179. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of UMB Financial Corp. (NASDAQ:UMBF) traded up 1.46% during mid-day trading on Thursday, hitting $57.61. The stock had a trading volume of 26,726 shares. UMB Financial Corp. has a 52 week low of $51.86 and a 52 week high of $68.27. The stock has a 50-day moving average of $57.90 and a 200-day moving average of $59.82. The company has a market cap of $2.621 billion and a P/E ratio of 19.83.
UMB Financial Corp. (NASDAQ:UMBF) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. During the same quarter in the previous year, the company posted $0.74 earnings per share. Analysts expect that UMB Financial Corp. will post $2.82 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, September 8th.
Separately, analysts at Raymond James downgraded shares of UMB Financial Corp. from a “market perform” rating to an “underperform” rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. UMB Financial Corp. currently has a consensus rating of “Hold” and a consensus target price of $67.00.
UMB Financial Corporation (NASDAQ:UMBF) is a multi-bank holding company.
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