UMB Financial Corp (UMBF) Insider Sells $464,652.44 in Stock

UMB Financial Corp (NASDAQ:UMBF) insider Dana H. Abraham sold 6,274 shares of the firm’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $74.06, for a total value of $464,652.44. Following the completion of the sale, the insider now owns 13,796 shares in the company, valued at $1,021,731.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dana H. Abraham also recently made the following trade(s):

  • On Friday, August 17th, Dana H. Abraham sold 10,264 shares of UMB Financial stock. The shares were sold at an average price of $75.83, for a total value of $778,319.12.

Shares of NASDAQ UMBF opened at $74.61 on Friday. UMB Financial Corp has a fifty-two week low of $67.20 and a fifty-two week high of $82.14. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.71 billion, a P/E ratio of 19.90, a P/E/G ratio of 1.56 and a beta of 0.81.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 24th. The bank reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.02). UMB Financial had a net margin of 25.18% and a return on equity of 9.94%. The company had revenue of $250.52 million for the quarter, compared to the consensus estimate of $264.19 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. analysts predict that UMB Financial Corp will post 4.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, September 7th. UMB Financial’s dividend payout ratio is currently 30.93%.

Several hedge funds and other institutional investors have recently modified their holdings of UMBF. American Century Companies Inc. raised its stake in shares of UMB Financial by 25.7% during the second quarter. American Century Companies Inc. now owns 1,959,907 shares of the bank’s stock valued at $149,404,000 after purchasing an additional 400,810 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of UMB Financial during the second quarter valued at about $20,039,000. BlackRock Inc. raised its stake in shares of UMB Financial by 4.6% during the second quarter. BlackRock Inc. now owns 5,049,331 shares of the bank’s stock valued at $384,908,000 after purchasing an additional 220,396 shares in the last quarter. Federated Investors Inc. PA raised its stake in shares of UMB Financial by 231.0% during the second quarter. Federated Investors Inc. PA now owns 271,841 shares of the bank’s stock valued at $20,723,000 after purchasing an additional 189,707 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of UMB Financial during the second quarter valued at about $7,120,000. Institutional investors and hedge funds own 89.36% of the company’s stock.

A number of research firms have issued reports on UMBF. BidaskClub upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Stephens reiterated a “hold” rating and issued a $85.00 target price on shares of UMB Financial in a research note on Wednesday, May 23rd. Zacks Investment Research cut UMB Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Finally, ValuEngine upgraded UMB Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Six research analysts have rated the stock with a hold rating, UMB Financial presently has an average rating of “Hold” and a consensus target price of $81.50.

UMB Financial Company Profile

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

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