UMB Financial (NASDAQ:UMBF) Director Acquires 394 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman acquired 394 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were acquired at an average cost of $139.60 per share, with a total value of $55,002.40. Following the transaction, the director directly owned 10,680 shares in the company, valued at $1,490,928. The trade was a 3.83% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

UMB Financial Stock Performance

NASDAQ UMBF traded up $1.53 during trading on Thursday, hitting $143.44. The company’s stock had a trading volume of 402,110 shares, compared to its average volume of 920,251. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $144.93 and a 200 day moving average price of $131.02. The firm has a market cap of $10.89 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 0.68 and a beta of 0.77. UMB Financial Corporation has a 52 week low of $68.92 and a 52 week high of $144.21.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. The company had revenue of $778.00 million during the quarter, compared to analysts’ expectations of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same period in the prior year, the business earned $2.96 earnings per share. Equities research analysts forecast that UMB Financial Corporation will post 13.5 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, September 10th. This represents a $2.00 annualized dividend and a yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. UMB Financial’s dividend payout ratio (DPR) is 16.65%.

Institutional Investors Weigh In On UMB Financial

Institutional investors have recently added to or reduced their stakes in the stock. First National Bank of Omaha bought a new position in shares of UMB Financial during the second quarter valued at $1,053,000. BlackRock Inc. bought a new stake in shares of UMB Financial in the 2nd quarter worth about $1,458,386,000. Ceredex Value Advisors LLC acquired a new stake in shares of UMB Financial during the 2nd quarter worth about $14,112,000. Commerce Bank acquired a new stake in shares of UMB Financial during the 2nd quarter worth about $4,197,000. Finally, NFJ Investment Group LLC acquired a new stake in shares of UMB Financial during the 2nd quarter worth about $47,026,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of UMB Financial in a research report on Thursday, August 20th. They set an “overweight” rating and a $180.00 price objective for the company. Zacks Research lowered UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. TD Cowen reaffirmed a “buy” rating and issued a $166.00 price target (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Piper Sandler reiterated an “overweight” rating and issued a $181.00 price objective (up from $161.00) on shares of UMB Financial in a research report on Thursday, July 30th. Finally, Stephens started coverage on UMB Financial in a research report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.54.

About UMB Financial

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.