UMB Financial (NASDAQ:UMBF) Director Tamara Peterman Acquires 394 Shares of Stock

Key Points

• Director Tamara Peterman bought 394 UMB Financial shares for approximately $55,002, increasing her ownership by 3.83% to 10,680 shares.
• UMB Financial beat quarterly earnings and revenue estimates, reporting $3.57 in EPS and $778 million in revenue. The company also raised its quarterly dividend to $0.50, or $2.00 annually.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $166.54, above its reported trading price.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) Director Tamara Peterman purchased 394 shares of the stock in a transaction dated Tuesday, September 1st. The shares were bought at an average price of $139.60 per share, for a total transaction of $55,002.40. Following the completion of the acquisition, the director owned 10,680 shares in the company, valued at $1,490,928. This represents a 3.83% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

UMB Financial Stock Up 1.1%

Shares of NASDAQ:UMBF traded up $1.53 during midday trading on Thursday, hitting $143.44. 402,110 shares of the stock were exchanged, compared to its average volume of 920,251. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Corporation has a 52-week low of $68.92 and a 52-week high of $144.21. The business's fifty day simple moving average is $144.93 and its two-hundred day simple moving average is $131.02. The company has a market capitalization of $10.89 billion, a PE ratio of 11.94, a P/E/G ratio of 0.68 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last issued its earnings results on Tuesday, July 28th. The bank reported $3.57 EPS for the quarter, beating 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 previous year, the company posted $2.96 earnings per share. As a group, research analysts predict that UMB Financial Corporation will post 13.5 earnings per share 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. This represents a $2.00 annualized dividend and a dividend yield of 1.4%. 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. UMB Financial's dividend payout ratio (DPR) is presently 16.65%.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $170.00 price objective (up from $168.00) on shares of UMB Financial in a research report on Thursday, July 30th. Citigroup reissued a "neutral" rating and issued a $162.00 target price (up from $144.00) on shares of UMB Financial in a research report on Friday, July 31st. Morgan Stanley increased their price target on shares of UMB Financial from $143.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, June 29th. Wells Fargo & Company set a $160.00 price target on shares of UMB Financial and gave the company an "equal weight" rating in a report on Monday, August 10th. Finally, Barclays reaffirmed an "overweight" rating and issued a $175.00 price objective (up from $170.00) on shares of UMB Financial in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, UMB Financial currently has an average rating of "Moderate Buy" and a consensus target price of $166.54.

Institutional Investors Weigh In On UMB Financial

A number of large investors have recently added to or reduced their stakes in UMBF. Mercer Global Advisors Inc. ADV grew its holdings in UMB Financial by 4.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,563 shares of the bank's stock valued at $295,000 after purchasing an additional 102 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of UMB Financial by 3.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,910 shares of the bank's stock worth $335,000 after buying an additional 108 shares during the period. Greenleaf Trust boosted its holdings in shares of UMB Financial by 4.7% during the 2nd quarter. Greenleaf Trust now owns 2,506 shares of the bank's stock worth $358,000 after buying an additional 113 shares during the period. First Citizens Bank & Trust Co. grew its stake in UMB Financial by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank's stock valued at $820,000 after buying an additional 125 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in UMB Financial by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,908 shares of the bank's stock worth $450,000 after acquiring an additional 129 shares during the period. Institutional investors own 87.78% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source