UMB Financial Corporation (NASDAQ:UMBF) Director Acquires $19,687.14 in Stock

Key Points

• Director Tamara Peterman acquired 183 shares of UMB Financial Corporation stock at an average price of $107.58 per share, increasing her ownership by 2.14% to a total of 8,749 shares.
• UMB Financial reported earnings of $2.96 per share for the last quarter, exceeding analysts' estimates of $2.35, with a significant year-over-year revenue increase of 76.7%.
• The company announced a quarterly dividend of $0.40 per share, set to be paid on October 1st, with a current dividend yield of 1.4%.

UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) Director Tamara Peterman bought 183 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $107.58 per share, for a total transaction of $19,687.14. Following the acquisition, the director directly owned 8,749 shares in the company, valued at approximately $941,217.42. This trade represents a 2.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

UMB Financial Stock Up 1.9%

Shares of UMB Financial stock traded up $2.07 on Friday, reaching $110.68. 172,841 shares of the company were exchanged, compared to its average volume of 667,460. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $105.27 and a 200 day moving average of $103.86. UMB Financial Corporation has a one year low of $82.00 and a one year high of $129.94. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.26 and a beta of 0.77.

UMB Financial (NASDAQ:UMBF - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The bank reported $2.96 EPS for the quarter, beating the consensus estimate of $2.35 by $0.61. The firm had revenue of $689.21 million for the quarter, compared to the consensus estimate of $638.25 million. UMB Financial had a net margin of 15.42% and a return on equity of 12.27%. The company's quarterly revenue was up 76.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.16 earnings per share. On average, equities research analysts forecast that UMB Financial Corporation will post 9.66 earnings per share for the current year.

UMB Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, September 10th. UMB Financial's dividend payout ratio is 18.39%.

Institutional Trading of UMB Financial

Several large investors have recently made changes to their positions in UMBF. LPL Financial LLC grew its position in UMB Financial by 171.6% during the 4th quarter. LPL Financial LLC now owns 20,329 shares of the bank's stock worth $2,294,000 after acquiring an additional 12,845 shares during the last quarter. Norges Bank bought a new position in shares of UMB Financial during the 4th quarter worth about $15,835,000. Pictet Asset Management Holding SA grew its stake in UMB Financial by 25.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,791 shares of the bank's stock valued at $766,000 after acquiring an additional 1,369 shares during the period. O Shaughnessy Asset Management LLC increased its stake in UMB Financial by 7.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,200 shares of the bank's stock valued at $1,038,000 after purchasing an additional 653 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of UMB Financial by 16.4% during the fourth quarter. Wells Fargo & Company MN now owns 51,929 shares of the bank's stock valued at $5,861,000 after buying an additional 7,318 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company's stock.

Wall Street Analyst Weigh In

UMBF has been the subject of a number of research analyst reports. Bank of America initiated coverage on UMB Financial in a report on Wednesday, April 16th. They set a "buy" rating and a $105.00 price target for the company. Piper Sandler lifted their price target on UMB Financial from $135.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Truist Financial raised their target price on shares of UMB Financial from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company upped their target price on shares of UMB Financial from $120.00 to $125.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Finally, Wall Street Zen cut shares of UMB Financial from a "hold" rating to a "sell" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $132.11.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.