UMB Financial (NASDAQ:UMBF) Stock: Insider Tamara Peterman Acquires 201 Shares

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman bought 201 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average price of $137.02 per share, with a total value of $27,541.02. Following the transaction, the director directly owned 10,922 shares in the company, valued at $1,496,532.44. This represents a 1.87% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Tamara Peterman also recently made the following trade(s):

• On Tuesday, September 1st, Tamara Peterman bought 394 shares of UMB Financial stock. The stock was acquired at an average cost of $139.60 per share, for a total transaction of $55,002.40.

UMB Financial Price Performance

Shares of UMBF stock traded up $2.43 during trading hours on Wednesday, hitting $138.52. 580,916 shares of the company’s stock were exchanged, compared to its average volume of 872,284. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $10.52 billion, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 0.63 and a beta of 0.84. UMB Financial Corporation has a 52 week low of $68.92 and a 52 week high of $144.36. The stock’s 50-day moving average is $135.41 and its 200-day moving average is $131.37.

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

UMB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Thursday, December 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 10th. UMB Financial’s dividend payout ratio (DPR) is 15.14%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on UMBF shares. TD Cowen increased their price target on shares of UMB Financial from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Barclays lifted their target price on UMB Financial from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on UMB Financial from $180.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, October 1st. Morgan Stanley dropped their price target on shares of UMB Financial from $190.00 to $182.00 and set an “overweight” rating on the stock in a research report on Monday, September 28th. Finally, Piper Sandler reduced their target price on UMB Financial from $181.00 to $169.00 and set an “overweight” rating for the company in a research note on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.64.

Institutional Investors Weigh In On UMB Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Axiom Investment Management LLC bought a new position in UMB Financial in the first quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in UMB Financial during the 2nd quarter worth approximately $38,000. Allworth Financial LP bought a new position in UMB Financial during the 2nd quarter worth $53,000. Root Financial Partners LLC acquired a new position in shares of UMB Financial in the 3rd quarter worth approximately $53,000. Finally, State of Wyoming bought a new stake in shares of UMB Financial during the 2nd quarter valued at about $79,000. 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.