Insider Buying: UMB Financial Corporation (UMBF) Director Buys $101,250.00 in Stock
UMB Financial Corporation (NASDAQ:UMBF) Director Timothy R. Murphy purchased 1,500 shares of UMB Financial Corporation stock in a transaction on Tuesday, September 12th. The stock was bought at an average cost of $67.50 per share, with a total value of $101,250.00. Following the transaction, the director now directly owns 4,049 shares of the company’s stock, valued at $273,307.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of UMB Financial Corporation (UMBF) traded up 1.21% during trading on Friday, reaching $68.34. The company had a trading volume of 486,300 shares. UMB Financial Corporation has a 12 month low of $57.31 and a 12 month high of $81.55. The firm has a 50 day moving average price of $67.60 and a 200 day moving average price of $72.39. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 19.75 and a beta of 0.86.
UMB Financial Corporation (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.02). The company had revenue of $247.70 million for the quarter, compared to analyst estimates of $261.84 million. UMB Financial Corporation had a return on equity of 8.81% and a net margin of 16.59%. The company’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $0.76 earnings per share. Analysts predict that UMB Financial Corporation will post $3.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.02 annualized dividend and a yield of 1.49%. UMB Financial Corporation’s dividend payout ratio (DPR) is presently 29.39%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC raised its position in shares of UMB Financial Corporation by 11.1% in the first quarter. Tyers Asset Management LLC now owns 1,440 shares of the bank’s stock valued at $108,000 after buying an additional 144 shares in the last quarter. Invictus RG acquired a new stake in shares of UMB Financial Corporation in the first quarter valued at approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of UMB Financial Corporation by 8.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,604 shares of the bank’s stock valued at $120,000 after buying an additional 130 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of UMB Financial Corporation by 21.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,890 shares of the bank’s stock valued at $143,000 after buying an additional 330 shares in the last quarter. Finally, Elkfork Partners LLC raised its position in shares of UMB Financial Corporation by 11.1% in the first quarter. Elkfork Partners LLC now owns 1,980 shares of the bank’s stock valued at $149,000 after buying an additional 198 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.
UMBF has been the subject of a number of analyst reports. Zacks Investment Research raised UMB Financial Corporation from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Wednesday, June 28th. BidaskClub raised UMB Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 21st. Stephens set a $71.00 price target on UMB Financial Corporation and gave the stock a “hold” rating in a research report on Wednesday, July 26th. Piper Jaffray Companies set a $74.00 price target on UMB Financial Corporation and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Raymond James Financial, Inc. raised UMB Financial Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $77.40.
UMB Financial Corporation Company Profile
UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.
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