Insider Buying: UMB Financial Co. (NASDAQ:UMBF) Director Acquires 179 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) Director Tamara Peterman purchased 179 shares of UMB Financial stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $110.19 per share, for a total transaction of $19,724.01. Following the acquisition, the director now owns 8,500 shares in the company, valued at $936,615. This trade represents a 2.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

UMB Financial Trading Up 0.6 %

Shares of NASDAQ:UMBF opened at $104.61 on Wednesday. The stock has a 50 day moving average of $114.10 and a 200 day moving average of $112.45. The company has a market cap of $5.10 billion, a PE ratio of 11.72 and a beta of 0.82. UMB Financial Co. has a 12-month low of $76.00 and a 12-month high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period in the previous year, the firm earned $2.29 earnings per share. As a group, equities research analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. UMB Financial’s payout ratio is 17.80%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its position in shares of UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after buying an additional 102 shares during the last quarter. USA Financial Formulas increased its holdings in UMB Financial by 124.7% in the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock valued at $55,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in UMB Financial in the 3rd quarter worth $83,000. Venturi Wealth Management LLC bought a new position in shares of UMB Financial during the 4th quarter valued at about $96,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of UMB Financial during the fourth quarter valued at about $103,000. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on UMBF. Royal Bank of Canada reissued a “sector perform” rating and set a $128.00 target price on shares of UMB Financial in a research note on Thursday, January 30th. Barclays lifted their price target on UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley started coverage on UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 target price for the company. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $127.00 target price (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, UMB Financial presently has a consensus rating of “Moderate Buy” and an average price target of $130.14.

About UMB Financial

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.