UMB Financial (NASDAQ:UMBF) Director Greg Graves Buys 220 Shares

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves purchased 220 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were bought at an average price of $127.83 per share, with a total value of $28,122.60. Following the completion of the transaction, the director owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. The trade was a 0.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

UMB Financial Trading Down 0.1%

NASDAQ:UMBF traded down $0.09 during trading hours on Tuesday, reaching $127.96. 664,515 shares of the stock were exchanged, compared to its average volume of 540,437. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.00 and a beta of 0.79. UMB Financial Corporation has a twelve month low of $82.00 and a twelve month high of $131.60. The business has a 50-day moving average of $119.41 and a two-hundred day moving average of $116.16.

UMB Financial (NASDAQ:UMBF) last released its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.37. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. During the same period in the previous year, the company posted $2.49 EPS. UMB Financial’s revenue was up 66.0% compared to the same quarter last year. On average, equities analysts predict that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, March 10th. UMB Financial’s dividend payout ratio is presently 18.84%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays reaffirmed an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a research report on Thursday, January 29th. TD Cowen reiterated a “buy” rating on shares of UMB Financial in a research report on Thursday, January 29th. Truist Financial set a $150.00 price objective on UMB Financial in a research note on Friday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $145.00 target price on shares of UMB Financial in a report on Thursday, January 29th. Finally, Hovde Group started coverage on shares of UMB Financial in a research note on Monday, October 6th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in UMB Financial by 86.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 6,351 shares of the bank’s stock valued at $731,000 after purchasing an additional 2,944 shares in the last quarter. Danske Bank A S lifted its holdings in shares of UMB Financial by 61.7% in the 4th quarter. Danske Bank A S now owns 1,310 shares of the bank’s stock valued at $151,000 after buying an additional 500 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of UMB Financial by 4.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 20,705 shares of the bank’s stock valued at $2,382,000 after buying an additional 886 shares in the last quarter. Keybank National Association OH grew its holdings in UMB Financial by 7.4% during the fourth quarter. Keybank National Association OH now owns 5,140 shares of the bank’s stock worth $591,000 after acquiring an additional 354 shares during the period. Finally, Vest Financial LLC raised its position in UMB Financial by 50.8% in the fourth quarter. Vest Financial LLC now owns 53,104 shares of the bank’s stock worth $6,109,000 after acquiring an additional 17,899 shares in the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

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.