Insider Buying: UMB Financial (NASDAQ:UMBF) Director Purchases $27,541.02 in Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman bought 201 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was 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. The trade was a 1.87% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 1st, Tamara Peterman acquired 394 shares of UMB Financial stock. The stock was purchased at an average cost of $139.60 per share, for a total transaction of $55,002.40.

UMB Financial Stock Down 0.7%

UMB Financial stock opened at $133.77 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 firm has a 50 day moving average price of $134.92 and a 200 day moving average price of $131.58. The company has a market capitalization of $10.16 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.63 and a beta of 0.84. UMB Financial Corporation has a fifty-two week low of $68.92 and a fifty-two week high of $144.36.

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

UMB Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

UMBF has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price on UMB Financial from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of UMB Financial in a research report on Thursday, October 22nd. Wells Fargo & Company cut their price target on UMB Financial from $160.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, September 29th. UBS Group started coverage on UMB Financial in a research report on Monday, September 14th. They set a “neutral” rating and a $155.00 price objective for the company. Finally, Truist Financial reduced their target price on UMB Financial from $170.00 to $156.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.64.

Institutional Investors Weigh In On UMB Financial

A number of large investors have recently added to or reduced their stakes in the stock. Axiom Investment Management LLC purchased a new position in shares of UMB Financial during the first quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in UMB Financial during the 2nd quarter worth approximately $38,000. Allworth Financial LP acquired a new position in UMB Financial in the 2nd quarter worth about $53,000. Root Financial Partners LLC acquired a new position in UMB Financial in the third quarter worth $53,000. Finally, State of Wyoming acquired a new position in shares of UMB Financial during the 2nd quarter worth about $79,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

About UMB Financial

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.