UMB Financial Co. (NASDAQ:UMBF) Director Purchases $39,425.76 in Stock

UMB Financial Co. (NASDAQ:UMBF) Director Tamara Peterman purchased 396 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $99.56 per share, with a total value of $39,425.76. Following the purchase, the director now directly owns 7,407 shares of the company’s stock, valued at $737,440.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

UMB Financial Price Performance

Shares of UMBF traded down $2.97 during mid-day trading on Monday, reaching $90.56. The company had a trading volume of 598,030 shares, compared to its average volume of 360,228. The company’s 50-day moving average is $86.40 and its 200-day moving average is $83.55. UMB Financial Co. has a twelve month low of $57.91 and a twelve month high of $105.21. The company has a market capitalization of $4.41 billion, a P/E ratio of 12.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.73 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, July 30th. The bank reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.15. UMB Financial had a return on equity of 14.23% and a net margin of 14.55%. The firm had revenue of $390.03 million for the quarter, compared to analyst estimates of $384.96 million. During the same period last year, the company earned $1.93 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that UMB Financial Co. will post 8.98 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, September 10th. UMB Financial’s dividend payout ratio is presently 20.72%.

Analyst Ratings Changes

A number of brokerages recently weighed in on UMBF. Keefe, Bruyette & Woods raised UMB Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $93.00 to $98.00 in a report on Friday, May 31st. Wells Fargo & Company upped their price objective on UMB Financial from $90.00 to $107.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays upped their target price on UMB Financial from $100.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Piper Sandler upped their target price on UMB Financial from $102.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, UMB Financial currently has a consensus rating of “Moderate Buy” and an average target price of $102.33.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new position in UMB Financial in the 4th quarter valued at about $1,078,000. Mirae Asset Global Investments Co. Ltd. increased its stake in UMB Financial by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,244 shares of the bank’s stock valued at $1,691,000 after buying an additional 678 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in UMB Financial by 4.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 18,440 shares of the bank’s stock valued at $1,541,000 after buying an additional 825 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in UMB Financial by 1.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,842,050 shares of the bank’s stock valued at $153,903,000 after buying an additional 23,689 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in UMB Financial in the 4th quarter valued at about $1,028,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.