Insider Selling: UMB Financial Corp (UMBF) VP Sells 539 Shares of Stock

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UMB Financial Corp (NASDAQ:UMBF) VP Jennifer M. Payne sold 539 shares of UMB Financial stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $64.99, for a total value of $35,029.61. Following the transaction, the vice president now directly owns 9,338 shares of the company’s stock, valued at approximately $606,876.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

UMBF stock opened at $64.57 on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.79 and a beta of 0.89. UMB Financial Corp has a twelve month low of $57.00 and a twelve month high of $82.14.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.04. UMB Financial had a return on equity of 10.22% and a net margin of 25.52%. The company had revenue of $251.38 million during the quarter, compared to analyst estimates of $260.02 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. UMB Financial’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts expect that UMB Financial Corp will post 4.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 10th will be issued a dividend of $0.30 per share. This is a positive change from UMB Financial’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, December 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.86%. UMB Financial’s payout ratio is presently 30.93%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of UMB Financial by 2.7% during the second quarter. Arizona State Retirement System now owns 30,583 shares of the bank’s stock worth $2,331,000 after purchasing an additional 798 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of UMB Financial by 13.1% during the third quarter. Xact Kapitalforvaltning AB now owns 6,930 shares of the bank’s stock worth $491,000 after purchasing an additional 800 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of UMB Financial by 20.5% during the third quarter. Riverhead Capital Management LLC now owns 4,700 shares of the bank’s stock worth $333,000 after purchasing an additional 800 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in shares of UMB Financial by 16.1% during the second quarter. Meadow Creek Investment Management LLC now owns 6,272 shares of the bank’s stock worth $478,000 after purchasing an additional 868 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of UMB Financial by 0.9% during the third quarter. The Manufacturers Life Insurance Company now owns 102,143 shares of the bank’s stock worth $7,242,000 after purchasing an additional 939 shares in the last quarter. 88.07% of the stock is owned by institutional investors.

A number of research analysts have weighed in on UMBF shares. Raymond James set a $69.00 target price on UMB Financial and gave the company a “buy” rating in a report on Thursday, October 25th. BidaskClub raised UMB Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research raised UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, September 12th. ValuEngine raised UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Finally, Stephens reaffirmed a “hold” rating and set a $80.00 target price on shares of UMB Financial in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. UMB Financial presently has a consensus rating of “Hold” and a consensus target price of $77.00.

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About UMB Financial

UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.

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