Insider Buying: UMB Financial Co. (NASDAQ:UMBF) Director Purchases 179 Shares of Stock

UMB Financial Co. (NASDAQ:UMBF) Director Tamara Peterman acquired 179 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $110.19 per share, with a total value of $19,724.01. Following the completion of the acquisition, the director now owns 8,500 shares in the company, valued at $936,615. This trade represents a 2.15 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

UMB Financial Trading Up 0.5 %

Shares of UMB Financial stock opened at $104.49 on Thursday. UMB Financial Co. has a 52-week low of $76.00 and a 52-week high of $129.94. The firm has a market capitalization of $5.10 billion, a PE ratio of 11.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.75 and a quick ratio of 0.75. The company’s fifty day moving average price is $113.88 and its two-hundred day moving average price is $112.40.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.24. UMB Financial had a net margin of 15.76% and a return on equity of 13.73%. During the same period last year, the firm earned $2.29 earnings per share. On average, analysts expect that UMB Financial Co. will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 1.53%. UMB Financial’s dividend payout ratio is currently 17.80%.

Institutional Investors Weigh In On UMB Financial

Several institutional investors and hedge funds have recently made changes to their positions in UMBF. Covestor Ltd lifted its holdings in UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock valued at $45,000 after purchasing an additional 102 shares during the last quarter. USA Financial Formulas grew its position in UMB Financial by 124.7% during the 4th quarter. USA Financial Formulas now owns 483 shares of the bank’s stock worth $55,000 after acquiring an additional 268 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in UMB Financial during the 3rd quarter valued at $83,000. Venturi Wealth Management LLC bought a new position in UMB Financial in the 4th quarter valued at $96,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of UMB Financial during the fourth quarter worth $103,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price target on UMB Financial from $142.00 to $143.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. StockNews.com raised UMB Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Barclays boosted their target price on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Morgan Stanley initiated coverage on shares of UMB Financial in a report on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $128.00 price target on shares of UMB Financial in a research report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, UMB Financial has an average rating of “Moderate Buy” and a consensus target price of $130.14.

About UMB Financial

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.