Insider Buying: UMB Financial (NASDAQ:UMBF) Director Buys $19,685.82 in Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman bought 154 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was bought at an average cost of $127.83 per share, for a total transaction of $19,685.82. Following the transaction, the director directly owned 10,102 shares of the company’s stock, valued at $1,291,338.66. The trade was a 1.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

UMB Financial Price Performance

Shares of UMBF opened at $132.06 on Friday. The firm has a 50-day simple moving average of $120.19 and a two-hundred day simple moving average of $116.37. The stock has a market cap of $10.03 billion, a PE ratio of 14.46, a P/E/G ratio of 0.94 and a beta of 0.79. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $132.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. The firm had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $677.30 million. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The firm’s quarterly revenue was up 66.0% on a year-over-year basis. During the same quarter last year, the company posted $2.49 EPS. As a group, analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s payout ratio is currently 18.84%.

Institutional Investors Weigh In On UMB Financial

A number of hedge funds and other institutional investors have recently modified their holdings of UMBF. Farther Finance Advisors LLC lifted its position in shares of UMB Financial by 219.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock worth $29,000 after purchasing an additional 171 shares during the last quarter. Torren Management LLC purchased a new stake in UMB Financial during the 4th quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its position in shares of UMB Financial by 193.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock worth $43,000 after acquiring an additional 267 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of UMB Financial by 72.8% in the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after acquiring an additional 177 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of UMB Financial by 88.1% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock worth $50,000 after acquiring an additional 199 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on UMBF shares. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research note on Thursday, January 29th. Barclays restated an “overweight” rating and issued a $160.00 price objective on shares of UMB Financial in a report on Thursday, January 29th. Zacks Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price target on shares of UMB Financial from $133.00 to $141.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Finally, Piper Sandler upped their price objective on UMB Financial from $145.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.00.

About UMB Financial

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.