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

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman bought 394 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average price of $139.60 per share, for a total transaction of $55,002.40. Following the completion of the acquisition, the director owned 10,680 shares of the company’s stock, valued at approximately $1,490,928. This represents a 3.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

UMB Financial Price Performance

Shares of UMB Financial stock opened at $143.44 on Friday. 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 firm has a fifty day simple moving average of $144.93 and a 200-day simple moving average of $131.13. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.69 and a beta of 0.77. UMB Financial Corporation has a 1-year low of $68.92 and a 1-year high of $144.21.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.45. The firm had revenue of $778.00 million during 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 company earned $2.96 EPS. On average, sell-side analysts expect that UMB Financial Corporation will post 13.5 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be issued a $0.50 dividend. 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. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s payout ratio is currently 14.32%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UMBF shares. Stephens started coverage on UMB Financial in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 target price for the company. Barclays reiterated an “overweight” rating and set a $175.00 price target (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. Wells Fargo & Company set a $160.00 price target on shares of UMB Financial and gave the company an “equal weight” rating in a report on Monday, August 10th. Raymond James Financial began coverage on shares of UMB Financial in a research note on Thursday, August 27th. They issued an “outperform” rating and a $165.00 price objective for the company. Finally, Citigroup reiterated a “neutral” rating and set a $162.00 target price (up from $144.00) on shares of UMB Financial in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $166.54.

Hedge Funds Weigh In On UMB Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. First National Bank of Omaha bought a new stake in shares of UMB Financial during the second quarter valued at approximately $1,053,000. BlackRock Inc. acquired a new position in UMB Financial during the 2nd quarter worth $1,458,386,000. Ceredex Value Advisors LLC acquired a new position in UMB Financial during the 2nd quarter worth $14,112,000. NFJ Investment Group LLC bought a new position in UMB Financial in the 2nd quarter valued at $47,026,000. Finally, Commerce Bank acquired a new stake in shares of UMB Financial in the 2nd quarter valued at $4,197,000. Institutional investors own 87.78% of the company’s stock.

About UMB Financial

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.