UMB Financial (NASDAQ:UMBF) Director Greg Graves Acquires 292 Shares of Company Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves bought 292 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were acquired at an average price of $137.02 per share, for a total transaction of $40,009.84. Following the transaction, the director owned 40,893 shares in the company, valued at approximately $5,603,158.86. This represents a 0.72% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

UMB Financial Stock Up 1.8%

Shares of UMBF opened at $138.51 on Thursday. UMB Financial Corporation has a 12 month low of $68.92 and a 12 month high of $144.36. The firm’s 50 day moving average is $135.30 and its 200-day moving average is $131.45. The stock has a market capitalization of $10.52 billion, a PE ratio of 10.49, a P/E/G ratio of 0.62 and a beta of 0.84. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 27th. The bank reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.34. The company had revenue of $772.39 million during the quarter, compared to the consensus estimate of $744.81 million. UMB Financial had a net margin of 23.45% and a return on equity of 14.07%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.70 earnings per share. Equities research analysts forecast that UMB Financial Corporation will post 13.79 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, December 10th. UMB Financial’s dividend payout ratio (DPR) is 15.14%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UMBF. UBS Group assumed coverage on UMB Financial in a report on Monday, September 14th. They set a “neutral” rating and a $155.00 target price on the stock. Barclays raised their price target on UMB Financial from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada dropped their price target on UMB Financial from $170.00 to $168.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Truist Financial cut their price objective on shares of UMB Financial from $170.00 to $156.00 and set a “buy” rating for the company in a research report on Tuesday, October 20th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of UMB Financial from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new position in shares of UMB Financial in the first quarter worth about $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of UMB Financial in the 2nd quarter valued at approximately $38,000. Allworth Financial LP acquired a new stake in shares of UMB Financial in the 2nd quarter valued at approximately $53,000. Root Financial Partners LLC bought a new stake in shares of UMB Financial during the 3rd quarter valued at approximately $53,000. Finally, State of Wyoming bought a new stake in shares of UMB Financial during the 2nd quarter valued at approximately $79,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

UMB Financial Company Profile

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.