Greg M. Graves Acquires 276 Shares of UMB Financial Corp (UMBF) Stock
UMB Financial Corp (NASDAQ:UMBF) Director Greg M. Graves purchased 276 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were bought at an average price of $76.06 per share, with a total value of $20,992.56. Following the purchase, the director now owns 19,940 shares in the company, valued at $1,516,636.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
UMB Financial Corp (NASDAQ UMBF) traded down $0.58 during trading on Monday, reaching $76.02. 59,977 shares of the company’s stock traded hands, compared to its average volume of 266,302. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $3,819.83, a P/E ratio of 20.26, a PEG ratio of 1.55 and a beta of 0.87. UMB Financial Corp has a 1-year low of $62.27 and a 1-year high of $81.55.
UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.02. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The business had revenue of $252.38 million during the quarter, compared to the consensus estimate of $254.98 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. analysts predict that UMB Financial Corp will post 4.42 earnings per share for the current year.
A number of research analysts recently weighed in on UMBF shares. Zacks Investment Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research note on Friday, January 12th. Piper Jaffray Companies lifted their price objective on shares of UMB Financial from $78.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday. BidaskClub lowered shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Wells Fargo & Co raised their price target on shares of UMB Financial from $71.00 to $75.00 and gave the company a “market perform” rating in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.83.
Hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in shares of UMB Financial by 14.2% in the third quarter. Wells Fargo & Company MN now owns 954,508 shares of the bank’s stock valued at $71,101,000 after acquiring an additional 118,896 shares during the period. Legal & General Group Plc grew its holdings in UMB Financial by 8.5% in the third quarter. Legal & General Group Plc now owns 51,582 shares of the bank’s stock worth $3,844,000 after purchasing an additional 4,061 shares during the period. Vanguard Group Inc. grew its holdings in UMB Financial by 2.0% in the second quarter. Vanguard Group Inc. now owns 4,175,014 shares of the bank’s stock worth $312,541,000 after purchasing an additional 80,269 shares during the period. Crestline Management LP purchased a new stake in UMB Financial in the third quarter worth about $2,533,000. Finally, Russell Investments Group Ltd. grew its holdings in UMB Financial by 8.4% in the third quarter. Russell Investments Group Ltd. now owns 226,007 shares of the bank’s stock worth $16,835,000 after purchasing an additional 17,540 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.
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About UMB Financial
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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