UMB Financial Co. (NASDAQ:UMBF) Director Acquires $19,724.01 in Stock

UMB Financial Co. (NASDAQ:UMBF) Director Tamara Peterman bought 179 shares of UMB Financial stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $110.19 per share, with a total value of $19,724.01. Following the completion of the acquisition, the director now directly owns 8,500 shares in the company, valued at $936,615. This represents a 2.15 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

UMB Financial Stock Up 0.3 %

NASDAQ UMBF opened at $103.07 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $5.03 billion, a P/E ratio of 11.46 and a beta of 0.79. UMB Financial Co. has a one year low of $76.00 and a one year high of $129.94. The stock has a 50 day moving average price of $113.40 and a 200-day moving average price of $112.36.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, January 28th. The bank reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the prior year, the company posted $2.29 earnings per share. As a group, equities analysts predict that UMB Financial Co. will post 9.66 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. UMB Financial’s dividend payout ratio is currently 17.80%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UMBF. Citigroup reissued a “neutral” rating and issued a $127.00 target price (down from $130.00) on shares of UMB Financial in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a report on Thursday, January 30th. StockNews.com raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Piper Sandler increased their price objective on shares of UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Barclays increased their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.14.

Institutional Trading of UMB Financial

A number of institutional investors have recently bought and sold shares of UMBF. State of Alaska Department of Revenue lifted its position in UMB Financial by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 5,066 shares of the bank’s stock worth $532,000 after buying an additional 345 shares during the last quarter. Principal Financial Group Inc. lifted its position in UMB Financial by 403.7% in the third quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock worth $91,114,000 after buying an additional 694,751 shares during the last quarter. Assetmark Inc. lifted its position in UMB Financial by 572.8% in the third quarter. Assetmark Inc. now owns 3,162 shares of the bank’s stock worth $332,000 after buying an additional 2,692 shares during the last quarter. Atria Investments Inc lifted its position in UMB Financial by 49.1% in the third quarter. Atria Investments Inc now owns 7,619 shares of the bank’s stock worth $801,000 after buying an additional 2,509 shares during the last quarter. Finally, Covestor Ltd lifted its position in UMB Financial by 31.0% in the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.