Insider Buying: UMB Financial (NASDAQ:UMBF) Director Buys 292 Shares of Company Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves bought 292 shares of UMB Financial stock in a transaction on Monday, November 2nd. The shares were acquired at an average cost of $137.02 per share, with a total value of $40,009.84. Following the completion of the acquisition, the director owned 40,893 shares of the company’s stock, valued at $5,603,158.86. The trade was a 0.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

UMB Financial Stock Performance

UMBF traded up $2.43 during trading on Wednesday, hitting $138.52. The company’s stock had a trading volume of 580,916 shares, compared to its average volume of 872,284. The business’s 50 day simple moving average is $135.41 and its 200-day simple moving average is $131.37. The firm has a market cap of $10.52 billion, a PE ratio of 10.49, a P/E/G ratio of 0.63 and a beta of 0.84. UMB Financial Corporation has a one year low of $68.92 and a one year high of $144.36. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.04.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 27th. The bank reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.34. The firm had revenue of $772.39 million during the quarter, compared to the consensus estimate of $744.81 million. UMB Financial had a net margin of 23.45% and a return on equity of 14.07%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.70 EPS. As a group, sell-side analysts predict that UMB Financial Corporation will post 13.79 EPS for the current fiscal year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Thursday, December 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s payout ratio is currently 15.14%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UMBF shares. TD Cowen lifted their target price on shares of UMB Financial from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Citigroup decreased their price target on UMB Financial from $162.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Barclays boosted their price objective on UMB Financial from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group started coverage on UMB Financial in a report on Monday, September 14th. They issued a “neutral” rating and a $155.00 price target on the stock. Finally, Stephens assumed coverage on UMB Financial in a research note on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $161.64.

Institutional Trading of UMB Financial

Several hedge funds have recently bought and sold shares of the stock. Abel Hall LLC grew its position in shares of UMB Financial by 2.4% during the third quarter. Abel Hall LLC now owns 3,568 shares of the bank’s stock valued at $464,000 after purchasing an additional 82 shares in the last quarter. Friday Financial increased its stake in UMB Financial by 0.3% in the 3rd quarter. Friday Financial now owns 27,532 shares of the bank’s stock worth $3,573,000 after acquiring an additional 87 shares during the last quarter. Greenleaf Trust increased its stake in UMB Financial by 4.7% in the 2nd quarter. Greenleaf Trust now owns 2,506 shares of the bank’s stock worth $358,000 after acquiring an additional 113 shares during the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of UMB Financial by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank’s stock worth $820,000 after acquiring an additional 125 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in UMB Financial by 1.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 14,909 shares of the bank’s stock valued at $1,938,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company’s stock.

About UMB Financial

UMB Financial Corporation is a financial holding company headquartered in Kansas City, Missouri. Its principal subsidiary, UMB Bank, provides banking and financial services to individuals, businesses, institutions and government entities. The company serves customers through banking offices and digital channels across the Midwest and other U.S. markets.

UMB Bank offers commercial and personal banking products, including deposit accounts, loans, treasury management, payment services and credit solutions.