UMB Financial Corp (UMBF) EVP Sells $136,857.00 in Stock

UMB Financial Corp (NASDAQ:UMBF) EVP Christian R. Swett sold 1,862 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $73.50, for a total value of $136,857.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of UMB Financial Corp (NASDAQ:UMBF) traded down $0.54 on Wednesday, hitting $72.31. The company’s stock had a trading volume of 147,913 shares, compared to its average volume of 210,833. UMB Financial Corp has a one year low of $62.27 and a one year high of $81.55. The firm has a market cap of $3,617.87, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.66 and a current ratio of 0.66.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.05. The business had revenue of $245.20 million for the quarter, compared to analyst estimates of $257.76 million. UMB Financial had a return on equity of 9.03% and a net margin of 17.05%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. analysts anticipate that UMB Financial Corp will post 3.63 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.275 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, December 7th. UMB Financial’s dividend payout ratio is currently 30.64%.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered UMB Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $74.00 target price on shares of UMB Financial in a research report on Friday, October 6th. Finally, BidaskClub lowered UMB Financial from a “hold” rating to a “sell” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. UMB Financial presently has a consensus rating of “Hold” and an average price target of $77.20.

Several hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in shares of UMB Financial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,868 shares of the bank’s stock valued at $814,000 after acquiring an additional 33 shares in the last quarter. World Asset Management Inc raised its position in shares of UMB Financial by 1.6% during the 2nd quarter. World Asset Management Inc now owns 2,769 shares of the bank’s stock valued at $207,000 after acquiring an additional 43 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of UMB Financial by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,383 shares of the bank’s stock valued at $253,000 after acquiring an additional 53 shares in the last quarter. Aperio Group LLC raised its position in shares of UMB Financial by 0.6% during the 2nd quarter. Aperio Group LLC now owns 15,129 shares of the bank’s stock valued at $1,133,000 after acquiring an additional 85 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of UMB Financial by 1.6% during the 2nd quarter. Amalgamated Bank now owns 6,388 shares of the bank’s stock valued at $478,000 after acquiring an additional 99 shares in the last quarter. 83.00% of the stock is currently owned by institutional investors and hedge funds.

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UMB Financial Company Profile

UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.

Insider Buying and Selling by Quarter for UMB Financial (NASDAQ:UMBF)

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