UMB Financial (NASDAQ:UMBF) Stock: Insider Greg Graves Acquires 292 Shares

Key Points

• UMB Financial director Greg Graves purchased 292 shares for about $40,010 at an average price of $137.02, increasing his stake by 0.72% to 40,893 shares.
• The bank reported quarterly EPS of $3.56, topping the $3.22 consensus estimate, while revenue of $772.39 million beat forecasts and rose 13.9% year over year.
• UMB declared a quarterly dividend of $0.50 per share, equivalent to an annualized $2.00 and a 1.4% yield; analysts’ consensus rating was “Moderate Buy.”

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) Director Greg Graves bought 292 shares of the business's stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average price of $137.02 per share, with a total value of $40,009.84. Following the completion of the transaction, the director directly owned 40,893 shares of the company's stock, valued at $5,603,158.86. This represents a 0.72% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

UMB Financial Price Performance

NASDAQ UMBF traded up $2.43 during trading hours on Wednesday, reaching $138.52. 580,916 shares of the stock traded hands, 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 company 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. The stock has a 50 day simple moving average of $135.41 and a two-hundred day simple moving average of $131.37. UMB Financial Corporation has a 1 year low of $68.92 and a 1 year high of $144.36.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its earnings results on Tuesday, October 27th. The bank reported $3.56 EPS for the quarter, beating the consensus estimate of $3.22 by $0.34. The company had revenue of $772.39 million for the quarter, compared to analyst estimates of $744.81 million. UMB Financial had a net margin of 23.45% and a return on equity of 14.07%. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.70 EPS. On average, analysts predict that UMB Financial Corporation will post 13.79 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Thursday, December 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis 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%.

Institutional Investors Weigh In On UMB Financial

A number of large investors have recently modified their holdings of the stock. Retirement Systems of Alabama boosted its stake in UMB Financial by 0.8% during the 3rd quarter. Retirement Systems of Alabama now owns 74,422 shares of the bank's stock valued at $9,676,000 after purchasing an additional 555 shares during the last quarter. Ethic Inc. increased its holdings in UMB Financial by 28.9% in the 3rd quarter. Ethic Inc. now owns 3,561 shares of the bank's stock worth $463,000 after buying an additional 798 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of UMB Financial by 123.1% during the 3rd quarter. Boston Trust Walden Corp now owns 441,538 shares of the bank's stock valued at $57,404,000 after acquiring an additional 243,652 shares during the last quarter. Provenance Wealth Advisors LLC bought a new position in UMB Financial during the third quarter valued at approximately $315,000. Finally, Oregon Public Employees Retirement Fund boosted its holdings in UMB Financial by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 14,909 shares of the bank's stock worth $1,938,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 87.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UMBF shares. Morgan Stanley cut their price target on shares of UMB Financial from $190.00 to $182.00 and set an "overweight" rating on the stock in a report on Monday, September 28th. Truist Financial dropped their target price on shares of UMB Financial from $170.00 to $156.00 and set a "buy" rating for the company in a report on Tuesday, October 20th. Raymond James Financial assumed coverage on UMB Financial in a research note on Thursday, August 27th. They issued an "outperform" rating and a $165.00 target price on the stock. UBS Group started coverage on UMB Financial in a research note on Monday, September 14th. They issued a "neutral" rating and a $155.00 target price on the stock. Finally, Keefe, Bruyette & Woods boosted their price target on UMB Financial from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four 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 $161.64.

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.

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