UMB Financial (NASDAQ:UMBF) Hits New 1-Year High After Insider Buying Activity

Shares of UMB Financial Corporation (NASDAQ:UMBF) reached a new 52-week high during trading on Tuesday following insider buying activity. The company traded as high as $130.18 and last traded at $129.6450, with a volume of 16012 shares traded. The stock had previously closed at $128.05.

Specifically, Director Greg M. Graves bought 220 shares of UMB Financial stock in a transaction dated Monday, February 2nd. The shares were bought at an average price of $127.83 per share, for a total transaction of $28,122.60. Following the purchase, the director owned 39,541 shares of the company’s stock, valued at approximately $5,054,526.03. This trade represents a 0.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Analyst Ratings Changes

UMBF has been the subject of several recent research reports. Weiss Ratings cut shares of UMB Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Truist Financial set a $150.00 price target on UMB Financial in a research note on Friday, January 30th. Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the company an “outperform” rating in a research note on Monday, January 12th. Barclays restated an “overweight” rating and set a $160.00 price objective on shares of UMB Financial in a research note on Thursday, January 29th. Finally, Piper Sandler increased their price target on UMB Financial from $145.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, UMB Financial presently has an average rating of “Moderate Buy” and a consensus price target of $141.00.

UMB Financial Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a fifty day moving average price of $119.79 and a 200-day moving average price of $116.26. The firm has a market capitalization of $10.00 billion, a PE ratio of 14.40, a P/E/G ratio of 1.00 and a beta of 0.79.

UMB Financial (NASDAQ:UMBF) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $3.08 EPS for the quarter, beating the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The business had revenue of $469.80 million during the quarter, compared to analysts’ expectations of $677.30 million. During the same period in the previous year, the business posted $2.49 EPS. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. Sell-side analysts forecast that UMB Financial Corporation will post 9.66 EPS for the current fiscal year.

UMB Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Tuesday, March 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 10th. UMB Financial’s dividend payout ratio (DPR) is currently 18.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in UMB Financial by 28.2% in the 1st quarter. Royal Bank of Canada now owns 42,829 shares of the bank’s stock valued at $4,329,000 after buying an additional 9,417 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of UMB Financial by 47.0% in the 1st quarter. NewEdge Advisors LLC now owns 5,643 shares of the bank’s stock worth $570,000 after purchasing an additional 1,803 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of UMB Financial by 65.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 207,881 shares of the bank’s stock worth $21,017,000 after acquiring an additional 82,083 shares in the last quarter. Jane Street Group LLC increased its stake in UMB Financial by 161.7% during the 1st quarter. Jane Street Group LLC now owns 49,877 shares of the bank’s stock worth $5,043,000 after buying an additional 30,820 shares during the period. Finally, Truist Financial Corp grew its position in shares of UMB Financial by 0.5% during the second quarter. Truist Financial Corp now owns 20,426 shares of the bank’s stock worth $2,148,000 after buying an additional 97 shares in the last quarter. 87.78% of the stock is owned by institutional investors and hedge funds.

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.