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

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves purchased 573 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average cost of $139.60 per share, with a total value of $79,990.80. Following the completion of the acquisition, the director directly owned 40,463 shares in the company, valued at $5,648,634.80. The trade was a 1.44% 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 1.1%

Shares of UMBF opened at $143.44 on Friday. The business’s 50 day simple moving average is $144.93 and its 200-day simple moving average is $131.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. UMB Financial Corporation has a one year low of $68.92 and a one year high of $144.21. The company has a market capitalization of $10.89 billion, a P/E ratio of 11.94, a PEG ratio of 0.69 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings data on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, topping 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 company had revenue of $778.00 million for the quarter, compared to analyst estimates of $727.63 million. During the same quarter in the previous year, the firm earned $2.96 earnings per share. As a group, sell-side analysts predict that UMB Financial Corporation will post 13.5 EPS for the current fiscal year.

UMB Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be given 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 dividend payout ratio (DPR) is currently 14.32%.

Hedge Funds Weigh In On UMB Financial

Large investors have recently bought and sold shares of the business. Corient Private Wealth LP acquired a new stake in UMB Financial during the 2nd quarter worth $221,000. Amundi lifted its stake in shares of UMB Financial by 14.7% in the 2nd quarter. Amundi now owns 4,620 shares of the bank’s stock valued at $660,000 after purchasing an additional 593 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of UMB Financial in the 2nd quarter valued at $685,000. California State Teachers Retirement System boosted its position in shares of UMB Financial by 13,612.7% in the 2nd quarter. California State Teachers Retirement System now owns 11,954,437 shares of the bank’s stock worth $1,706,615,000 after purchasing an additional 11,867,259 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of UMB Financial during the second quarter worth $248,000. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UMBF shares. Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a report on Friday, July 24th. TD Cowen reissued a “buy” rating and issued a $166.00 target price (up from $161.00) on shares of UMB Financial in a research note on Thursday, July 30th. Barclays restated an “overweight” rating and set a $175.00 target price (up from $170.00) on shares of UMB Financial in a research report on Monday, August 3rd. Citigroup reiterated a “neutral” rating and issued a $162.00 price target (up from $144.00) on shares of UMB Financial in a report on Friday, July 31st. Finally, Raymond James Financial assumed coverage on UMB Financial in a research report on Thursday, August 27th. They issued an “outperform” rating and a $165.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and an average target price of $166.54.

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.