UMB Financial (NASDAQ:UMBF) Director Buys $79,990.80 in Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves bought 573 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $139.60 per share, with a total value of $79,990.80. Following the transaction, the director owned 40,463 shares in the company, valued at approximately $5,648,634.80. This represents a 1.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

UMB Financial Trading Up 0.2%

UMB Financial stock opened at $143.76 on Friday. The company’s fifty day simple moving average is $144.91 and its 200-day simple moving average is $131.21. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. UMB Financial Corporation has a 12 month low of $68.92 and a 12 month high of $144.36. The stock has a market cap of $10.92 billion, a P/E ratio of 11.97, a P/E/G ratio of 0.70 and a beta of 0.77.

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

UMB Financial Increases Dividend

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

More UMB Financial News

Here are the key news stories impacting UMB Financial this week:

• Positive Sentiment: Insider buying signals confidence. Directors Tamara Peterman and Greg M. Graves purchased a combined 967 shares for approximately $135,000. Peterman increased her holdings by 3.83%, while Graves increased his stake by 1.44%, providing a modest positive signal from company insiders. Insider Buying: UMB Financial Director Purchases Stock
• Positive Sentiment: Fundamentals remain strong. UMB Financial’s latest quarterly results exceeded expectations, with earnings per share of $3.57 versus the $3.12 consensus and revenue of $778 million versus the $727.63 million estimate. Analysts and recent commentary point to continued growth, efficiency gains, strong capital, potential rate-related benefits and progress integrating Heartland Financial. UMB Financial Growth and Quality
• Positive Sentiment: Dividend increased. The quarterly dividend was raised to $0.50 from $0.43, equal to a $2.00 annualized payout and an approximately 1.4% yield. The increase reinforces confidence in earnings and capital generation. UMB Financial Dividend and Insider Buying
• Positive Sentiment: Analyst targets imply additional upside. Recent analyst targets range as high as $181, compared with a consensus target of $166.54, while the overall analyst stance is “Moderate Buy.” UMB Financial Capital and Rate Tailwinds
• Neutral Sentiment: UMB Bank appointed Eddie Broussard as president of its West Texas market, a move that may support regional commercial-banking expansion but is unlikely to materially change near-term earnings. UMB Bank Names West Texas Market President

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently modified their holdings of the company. MBM Wealth Consultants LLC bought a new stake in shares of UMB Financial during the 1st quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new position in UMB Financial during the 4th quarter worth $27,000. Axiom Investment Management LLC acquired a new position in UMB Financial during the 1st quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in UMB Financial during the 2nd quarter worth $38,000. Finally, Hilton Head Capital Partners LLC bought a new stake in UMB Financial during the fourth quarter valued at about $34,000. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UMBF. Piper Sandler restated an “overweight” rating and set a $181.00 price target (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Citigroup reaffirmed a “neutral” rating and issued a $162.00 price objective (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Barclays reiterated an “overweight” rating and issued a $175.00 price objective (up from $170.00) on shares of UMB Financial in a report on Monday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $170.00 target price (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th. Finally, Truist Financial set a $170.00 target price on UMB Financial and gave the company a “buy” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $166.54.

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.