UMB Financial (NASDAQ:UMBF) Sets New 1-Year High After Insider Buying Activity

UMB Financial Corporation (NASDAQ:UMBF) shares hit a new 52-week high during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $130.18 and last traded at $129.6450, with a volume of 16012 shares changing hands. The stock had previously closed at $128.05.

Specifically, Director Greg M. Graves bought 220 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the purchase, the director directly owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. This represents a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UMBF shares. Royal Bank Of Canada set a $134.00 target price on UMB Financial and gave the stock an “outperform” rating in a research note on Monday, January 12th. Citigroup boosted their target price on shares of UMB Financial from $120.00 to $138.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Keefe, Bruyette & Woods raised 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. Weiss Ratings downgraded UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, TD Cowen reissued a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.00.

UMB Financial Trading Up 0.2%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50-day moving average price of $119.79 and a 200-day moving average price of $116.26. The stock has a market cap of $9.97 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.00 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.37. The business 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 business’s quarterly revenue was up 66.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.49 EPS. On average, equities research analysts expect 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. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, March 10th. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. UMB Financial’s dividend payout ratio is 18.84%.

Hedge Funds Weigh In On UMB Financial

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

UMB Financial Company Profile

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.