Tamara Peterman Purchases 394 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman purchased 394 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was acquired at an average price of $139.60 per share, for a total transaction of $55,002.40. Following the completion of the purchase, the director owned 10,680 shares of the company’s stock, valued at $1,490,928. This represents a 3.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

UMB Financial Stock Up 0.2%

Shares of NASDAQ UMBF opened at $143.76 on Friday. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 0.70 and a beta of 0.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The business has a 50-day moving average of $144.91 and a two-hundred day moving average of $131.21. UMB Financial Corporation has a 1 year low of $68.92 and a 1 year high of $144.36.

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

UMB Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, September 10th. UMB Financial’s dividend payout ratio is currently 14.32%.

Institutional Trading of UMB Financial

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of UMB Financial from $143.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. began coverage on shares of UMB Financial in a research report on Thursday, August 20th. They issued an “overweight” rating and a $180.00 target price on the stock. Citigroup reiterated a “neutral” rating and set a $162.00 price target (up from $144.00) on shares of UMB Financial in a research note on Friday, July 31st. Zacks Research cut shares of UMB Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Piper Sandler restated an “overweight” rating and issued a $181.00 price objective (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.54.

Key Headlines Impacting UMB Financial

Here are the key news stories impacting UMB Financial this week:

• Positive Sentiment: Insider buying signals confidence. Directors Tamara Peterman and Greg M. Graves purchased a combined 967 shares for approximately $135,000. Peterman increased her holdings by 3.83%, while Graves increased his stake by 1.44%, providing a modest positive signal from company insiders. Insider Buying: UMB Financial Director Purchases Stock
• Positive Sentiment: Fundamentals remain strong. UMB Financial’s latest quarterly results exceeded expectations, with earnings per share of $3.57 versus the $3.12 consensus and revenue of $778 million versus the $727.63 million estimate. Analysts and recent commentary point to continued growth, efficiency gains, strong capital, potential rate-related benefits and progress integrating Heartland Financial. UMB Financial Growth and Quality
• Positive Sentiment: Dividend increased. The quarterly dividend was raised to $0.50 from $0.43, equal to a $2.00 annualized payout and an approximately 1.4% yield. The increase reinforces confidence in earnings and capital generation. UMB Financial Dividend and Insider Buying
• Positive Sentiment: Analyst targets imply additional upside. Recent analyst targets range as high as $181, compared with a consensus target of $166.54, while the overall analyst stance is “Moderate Buy.” UMB Financial Capital and Rate Tailwinds
• Neutral Sentiment: UMB Bank appointed Eddie Broussard as president of its West Texas market, a move that may support regional commercial-banking expansion but is unlikely to materially change near-term earnings. UMB Bank Names West Texas Market President

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.