Insider Buying: UMB Financial (NASDAQ:UMBF) Director Buys 201 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman purchased 201 shares of the stock in a transaction dated Monday, November 2nd. The shares were acquired at an average price of $137.02 per share, with a total value of $27,541.02. Following the completion of the acquisition, the director owned 10,922 shares in the company, valued at approximately $1,496,532.44. This trade represents a 1.87% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tamara Peterman also recently made the following trade(s):

• On Tuesday, September 1st, Tamara Peterman bought 394 shares of UMB Financial stock. The stock was purchased at an average cost of $139.60 per share, for a total transaction of $55,002.40.

UMB Financial Stock Up 1.8%

Shares of UMBF traded up $2.43 during mid-day trading on Wednesday, hitting $138.52. 580,916 shares of the company’s stock were exchanged, compared to its average volume of 872,284. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 0.63 and a beta of 0.84. The stock’s 50-day moving average is $135.41 and its 200-day moving average is $131.37. UMB Financial Corporation has a fifty-two week low of $68.92 and a fifty-two week high of $144.36.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, October 27th. The bank reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.34. The business had revenue of $772.39 million during the quarter, compared to the consensus estimate of $744.81 million. UMB Financial had a return on equity of 14.07% and a net margin of 23.45%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.70 earnings per share. On average, sell-side analysts anticipate that UMB Financial Corporation will post 13.79 earnings per share for the current fiscal 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 $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, December 10th. UMB Financial’s payout ratio is presently 15.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its holdings in shares of UMB Financial by 0.8% during the third quarter. Retirement Systems of Alabama now owns 74,422 shares of the bank’s stock worth $9,676,000 after acquiring an additional 555 shares in the last quarter. Ethic Inc. boosted its holdings in shares of UMB Financial by 28.9% during the 3rd quarter. Ethic Inc. now owns 3,561 shares of the bank’s stock worth $463,000 after buying an additional 798 shares during the period. Boston Trust Walden Corp grew its holdings in UMB Financial by 123.1% in the 3rd quarter. Boston Trust Walden Corp now owns 441,538 shares of the bank’s stock valued at $57,404,000 after buying an additional 243,652 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in shares of UMB Financial during the 3rd quarter worth about $315,000. Finally, Oregon Public Employees Retirement Fund increased its position in shares of UMB Financial by 1.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 14,909 shares of the bank’s stock valued at $1,938,000 after purchasing an additional 149 shares during the period. 87.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UMBF shares. Royal Bank Of Canada dropped 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. UBS Group started coverage on UMB Financial in a research note on Monday, September 14th. They issued a “neutral” rating and a $155.00 target price for the company. JPMorgan Chase & Co. dropped their price target on UMB Financial from $180.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, October 1st. Morgan Stanley reduced their target price on shares of UMB Financial from $190.00 to $182.00 and set an “overweight” rating on the stock in a report on Monday, September 28th. Finally, Citigroup decreased their price target on UMB Financial from $162.00 to $145.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.64.

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.