Insider Buying: UMB Financial (NASDAQ:UMBF) Director Purchases $40,009.84 in Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves purchased 292 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of $137.02 per share, with a total value of $40,009.84. Following the purchase, the director owned 40,893 shares in the company, valued at $5,603,158.86. This trade represents a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

UMB Financial Stock Performance

UMB Financial stock opened at $133.77 on Friday. UMB Financial Corporation has a 12 month low of $68.92 and a 12 month high of $144.36. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 0.63 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.76. The stock’s 50-day moving average is $134.92 and its 200-day moving average is $131.58.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, October 27th. The bank reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.34. The company had revenue of $772.39 million for the quarter, compared to analyst estimates of $744.81 million. UMB Financial had a return on equity of 14.07% and a net margin of 23.45%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $2.70 earnings per share. Equities analysts anticipate that UMB Financial Corporation will post 13.79 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Thursday, December 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. UMB Financial’s dividend payout ratio (DPR) is currently 15.14%.

Analyst Ratings Changes

Several research firms recently commented on UMBF. TD Cowen increased their target price on shares of UMB Financial from $152.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Wells Fargo & Company reduced their target price on shares of UMB Financial from $160.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 29th. JPMorgan Chase & Co. decreased their price target on shares of UMB Financial from $180.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, October 1st. Citigroup decreased their price objective on shares of UMB Financial from $162.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Finally, Royal Bank Of Canada cut their price target on shares of UMB Financial from $170.00 to $168.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $161.64.

Hedge Funds Weigh In On UMB Financial

Several large investors have recently bought and sold shares of UMBF. BlackRock Inc. bought a new position in UMB Financial during the 2nd quarter worth approximately $1,458,386,000. Dimensional Fund Advisors LP raised its position in UMB Financial by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock worth $328,200,000 after acquiring an additional 55,005 shares during the period. Bank of America Corp DE acquired a new position in UMB Financial in the second quarter valued at about $129,153,000. First Trust Advisors LP increased its holdings in UMB Financial by 12.0% in the first quarter. First Trust Advisors LP now owns 899,400 shares of the bank’s stock valued at $101,443,000 after buying an additional 96,149 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of UMB Financial in the 2nd quarter worth $78,410,000. 87.78% of the stock is currently owned by institutional investors.

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.