UMB Financial (NASDAQ:UMBF) Stock: Insider Tamara Peterman Acquires 201 Shares

UMB Financial Corporation (NASDAQ:UMBF – Get Free Report) Director Tamara Peterman acquired 201 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were acquired at an average price of $137.02 per share, for a total transaction of $27,541.02. Following the acquisition, the director directly owned 10,922 shares in the company, valued at $1,496,532.44. This represents a 1.87% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Tamara Peterman also recently made the following trade(s):

  • On Tuesday, September 1st, Tamara Peterman bought 394 shares of UMB Financial stock. The shares were acquired at an average cost of $139.60 per share, with a total value of $55,002.40.

UMB Financial Price Performance

NASDAQ UMBF opened at $134.70 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.63 and a beta of 0.84. The business has a 50 day simple moving average of $135.13 and a 200 day simple moving average of $131.51. UMB Financial Corporation has a 52-week low of $68.92 and a 52-week high of $144.36.

UMB Financial (NASDAQ:UMBF – Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The bank reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.34. The firm had revenue of $772.39 million for the quarter, compared to analyst estimates of $744.81 million. UMB Financial had a net margin of 23.45% and a return on equity of 14.07%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.70 earnings per share. Analysts anticipate that UMB Financial Corporation will post 13.79 earnings per share for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Thursday, December 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, December 10th. UMB Financial’s payout ratio is currently 15.14%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UMBF. Stephens started coverage on UMB Financial in a report on Tuesday, July 14th. They set an “overweight” rating and a $167.00 target price for the company. Piper Sandler cut their price target on UMB Financial from $181.00 to $169.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Keefe, Bruyette & Woods upped their price objective on UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. UBS Group began coverage on UMB Financial in a report on Monday, September 14th. They set a “neutral” rating and a $155.00 price objective for the company. Finally, Raymond James Financial assumed coverage on UMB Financial in a research report on Thursday, August 27th. They issued an “outperform” rating and a $165.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $161.64.

Check Out Our Latest Analysis on UMBF

Hedge Funds Weigh In On UMB Financial

Several hedge funds have recently modified their holdings of the stock. First National Bank of Omaha acquired a new position in UMB Financial during the second quarter valued at approximately $1,053,000. Bank of America Corp DE bought a new position in UMB Financial in the second quarter valued at approximately $129,153,000. BlackRock Inc. bought a new position in UMB Financial in the second quarter valued at approximately $1,458,386,000. Freestone Grove Partners LP bought a new position in UMB Financial in the second quarter valued at approximately $7,161,000. Finally, Ceredex Value Advisors LLC acquired a new position in shares of UMB Financial during the 2nd quarter worth approximately $14,112,000. Institutional investors own 87.78% of the company’s stock.

About UMB Financial

(Get Free Report)

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.

Recommended Stories

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

Receive News & Ratings for UMB Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMB Financial and related companies with MarketBeat.com's FREE daily email newsletter.