UMB Financial (NASDAQ:UMBF) Director Purchases $19,685.85 in Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman purchased 185 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $106.41 per share, with a total value of $19,685.85. Following the transaction, the director directly owned 9,128 shares in the company, valued at $971,310.48. This trade represents a 2.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

UMB Financial Trading Up 1.8%

UMBF opened at $108.99 on Friday. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.77. The business has a 50 day simple moving average of $116.45 and a two-hundred day simple moving average of $110.05. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 1.11 and a beta of 0.80.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 28th. The bank reported $2.70 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.22. The firm had revenue of $678.34 million for the quarter, compared to analyst estimates of $661.60 million. UMB Financial had a return on equity of 12.15% and a net margin of 16.01%.The business’s quarterly revenue was up 67.0% compared to the same quarter last year. During the same period last year, the company earned $2.25 EPS. Analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Wednesday, December 10th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. This is an increase from UMB Financial’s previous quarterly dividend of $0.40. UMB Financial’s payout ratio is presently 19.48%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UMBF. CenterBook Partners LP lifted its position in UMB Financial by 22.8% in the 3rd quarter. CenterBook Partners LP now owns 8,879 shares of the bank’s stock valued at $1,051,000 after acquiring an additional 1,648 shares in the last quarter. First National Bank of Omaha purchased a new position in shares of UMB Financial in the third quarter worth $2,158,000. Rothschild Investment LLC lifted its holdings in shares of UMB Financial by 413.0% during the third quarter. Rothschild Investment LLC now owns 1,421 shares of the bank’s stock valued at $168,000 after purchasing an additional 1,144 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of UMB Financial by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 316,938 shares of the bank’s stock valued at $37,510,000 after buying an additional 1,559 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in UMB Financial by 22.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,374 shares of the bank’s stock worth $1,228,000 after buying an additional 1,919 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UMBF shares. TD Cowen dropped their target price on shares of UMB Financial from $151.00 to $149.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Royal Bank Of Canada upgraded shares of UMB Financial from a “sector perform” rating to an “outperform” rating and set a $128.00 price objective for the company in a report on Thursday. Truist Financial lifted their price objective on UMB Financial from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Hovde Group started coverage on UMB Financial in a research report on Monday, October 6th. They issued an “outperform” rating for the company. Finally, Morgan Stanley lifted their price target on UMB Financial from $120.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.20.

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.