UMB Financial (NASDAQ:UMBF) Director Greg Graves Purchases 573 Shares

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves acquired 573 shares of UMB Financial stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of $139.60 per share, for a total transaction of $79,990.80. Following the completion of the purchase, the director owned 40,463 shares of the company’s stock, valued at approximately $5,648,634.80. This represents a 1.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

UMB Financial Stock Up 1.1%

NASDAQ:UMBF traded up $1.53 during midday trading on Thursday, reaching $143.44. The company had a trading volume of 402,110 shares, compared to its average volume of 920,251. UMB Financial Corporation has a 12-month low of $68.92 and a 12-month high of $144.21. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.68 and a beta of 0.77. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock’s fifty day simple moving average is $144.93 and its 200-day simple moving average is $131.02.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping the consensus estimate of $3.12 by $0.45. The company had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.During the same quarter in the prior year, the business earned $2.96 EPS. On average, sell-side analysts anticipate that UMB Financial Corporation will post 13.5 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, September 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.4%. UMB Financial’s payout ratio is currently 16.65%.

Analyst Ratings Changes

UMBF has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Raymond James Financial started coverage on shares of UMB Financial in a research report on Thursday, August 27th. They set an “outperform” rating and a $165.00 price objective for the company. Zacks Research downgraded shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price target (up from $168.00) on shares of UMB Financial in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. started coverage on UMB Financial in a research report on Thursday, August 20th. They set an “overweight” rating and a $180.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, UMB Financial has a consensus rating of “Moderate Buy” and a consensus price target of $166.54.

Hedge Funds Weigh In On UMB Financial

Several large investors have recently bought and sold shares of the stock. MBM Wealth Consultants LLC acquired a new stake in shares of UMB Financial during the first quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of UMB Financial in the 4th quarter valued at about $27,000. Axiom Investment Management LLC acquired a new stake in shares of UMB Financial in the 1st quarter valued at about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in UMB Financial during the 2nd quarter worth approximately $38,000. Finally, Hilton Head Capital Partners LLC purchased a new position in UMB Financial during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation (NASDAQ: UMBF) is a diversified financial services holding company headquartered in Kansas City, Missouri. Through its principal banking subsidiary, UMB Bank, N.A., the company provides a full suite of commercial and consumer banking services. Key offerings include deposit accounts, commercial and consumer lending, treasury and cash management, as well as online and mobile banking solutions designed to serve businesses, individuals and municipalities.

In addition to its core banking operations, UMB Financial delivers wealth management and trust services, investment advisory, asset management and retirement planning to high-net-worth individuals, families and institutions.