Greg Graves Buys 573 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves purchased 573 shares of UMB Financial stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $139.60 per share, for a total transaction of $79,990.80. Following the transaction, the director directly owned 40,463 shares of the company’s stock, valued at $5,648,634.80. This trade represents a 1.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

UMB Financial Stock Performance

Shares of UMBF opened at $143.76 on Friday. The company has a 50-day simple moving average of $144.91 and a two-hundred day simple moving average of $131.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market capitalization of $10.92 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 0.70 and a beta of 0.77. UMB Financial Corporation has a one year low of $68.92 and a one year high of $144.36.

UMB Financial (NASDAQ:UMBF) last posted its earnings results on Tuesday, July 28th. The bank reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.12 by $0.45. UMB Financial had a return on equity of 13.41% and a net margin of 21.64%.The firm had revenue of $778.00 million for the quarter, compared to the consensus estimate of $727.63 million. During the same quarter in the prior year, the business earned $2.96 EPS. On average, analysts anticipate that UMB Financial Corporation will post 13.5 EPS for the current fiscal year.

UMB Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 1.4%. UMB Financial’s payout ratio is currently 14.32%.

Hedge Funds Weigh In On UMB Financial

A number of hedge funds have recently bought and sold shares of UMBF. MBM Wealth Consultants LLC bought a new stake in UMB Financial during the 1st quarter valued at about $26,000. Kemnay Advisory Services Inc. bought a new position in shares of UMB Financial in the fourth quarter worth approximately $27,000. Axiom Investment Management LLC purchased a new stake in shares of UMB Financial during the first quarter valued at approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of UMB Financial during the second quarter valued at approximately $38,000. Finally, Hilton Head Capital Partners LLC bought a new stake in shares of UMB Financial during the fourth quarter valued at approximately $34,000. Institutional investors own 87.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UMBF shares. Raymond James Financial started coverage on shares of UMB Financial in a research note on Thursday, August 27th. They issued an “outperform” rating and a $165.00 price target for the company. Royal Bank Of Canada restated an “outperform” rating and issued a $170.00 price objective (up from $168.00) on shares of UMB Financial in a report on Thursday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of UMB Financial in a research note on Thursday, August 20th. They set an “overweight” rating and a $180.00 target price for the company. Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up from $161.00) on shares of UMB Financial in a report on Thursday, July 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UMB Financial in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $166.54.

UMB Financial News Summary

Here are the key news stories impacting UMB Financial this week:

• Positive Sentiment: Insider buying signals confidence. Directors Tamara Peterman and Greg M. Graves purchased a combined 967 shares for approximately $135,000. Peterman increased her holdings by 3.83%, while Graves increased his stake by 1.44%, providing a modest positive signal from company insiders. Insider Buying: UMB Financial Director Purchases Stock
• Positive Sentiment: Fundamentals remain strong. UMB Financial’s latest quarterly results exceeded expectations, with earnings per share of $3.57 versus the $3.12 consensus and revenue of $778 million versus the $727.63 million estimate. Analysts and recent commentary point to continued growth, efficiency gains, strong capital, potential rate-related benefits and progress integrating Heartland Financial. UMB Financial Growth and Quality
• Positive Sentiment: Dividend increased. The quarterly dividend was raised to $0.50 from $0.43, equal to a $2.00 annualized payout and an approximately 1.4% yield. The increase reinforces confidence in earnings and capital generation. UMB Financial Dividend and Insider Buying
• Positive Sentiment: Analyst targets imply additional upside. Recent analyst targets range as high as $181, compared with a consensus target of $166.54, while the overall analyst stance is “Moderate Buy.” UMB Financial Capital and Rate Tailwinds
• Neutral Sentiment: UMB Bank appointed Eddie Broussard as president of its West Texas market, a move that may support regional commercial-banking expansion but is unlikely to materially change near-term earnings. UMB Bank Names West Texas Market President

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.