UMB Financial Co. (UMBF) Director L Joshua Sosland Buys 520 Shares

UMB Financial Co. (NASDAQ:UMBF) Director L Joshua Sosland purchased 520 shares of the stock in a transaction on Wednesday, June 13th. The stock was acquired at an average price of $77.48 per share, with a total value of $40,289.60. Following the acquisition, the director now directly owns 6,850 shares in the company, valued at $530,738. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

UMBF traded up $0.21 during midday trading on Thursday, hitting $78.02. The company’s stock had a trading volume of 175,652 shares, compared to its average volume of 222,829. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.59 and a beta of 0.82. UMB Financial Co. has a 52-week low of $62.27 and a 52-week high of $80.60.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, April 24th. The bank reported $1.18 EPS for the quarter, beating the consensus estimate of $1.05 by $0.13. The company had revenue of $253.45 million during the quarter, compared to analysts’ expectations of $257.41 million. UMB Financial had a return on equity of 9.56% and a net margin of 24.36%. During the same quarter in the previous year, the business earned $0.89 EPS. equities research analysts anticipate that UMB Financial Co. will post 4.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 11th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.49%. The ex-dividend date is Friday, June 8th. UMB Financial’s dividend payout ratio (DPR) is 30.93%.

A number of institutional investors and hedge funds have recently bought and sold shares of UMBF. BlackRock Inc. grew its holdings in shares of UMB Financial by 2.4% during the 1st quarter. BlackRock Inc. now owns 4,828,935 shares of the bank’s stock worth $349,565,000 after purchasing an additional 111,197 shares during the period. American Century Companies Inc. grew its holdings in shares of UMB Financial by 42.8% during the 1st quarter. American Century Companies Inc. now owns 1,559,097 shares of the bank’s stock worth $112,863,000 after purchasing an additional 467,006 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of UMB Financial by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,185,801 shares of the bank’s stock worth $85,840,000 after purchasing an additional 32,859 shares during the period. Champlain Investment Partners LLC grew its holdings in shares of UMB Financial by 3.5% during the 1st quarter. Champlain Investment Partners LLC now owns 1,111,290 shares of the bank’s stock worth $80,446,000 after purchasing an additional 37,335 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of UMB Financial by 5.3% during the 1st quarter. Wells Fargo & Company MN now owns 1,064,339 shares of the bank’s stock worth $77,047,000 after purchasing an additional 53,314 shares during the period. Institutional investors own 86.45% of the company’s stock.

Several analysts have commented on UMBF shares. Zacks Investment Research cut UMB Financial from a “buy” rating to a “hold” rating in a report on Friday, April 13th. Stephens restated a “hold” rating and issued a $85.00 price target on shares of UMB Financial in a report on Wednesday, May 23rd. Finally, BidaskClub cut UMB Financial from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $81.25.

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.

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

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