Tamara Peterman Purchases 154 Shares of UMB Financial (NASDAQ:UMBF) Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman bought 154 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $127.83 per share, for a total transaction of $19,685.82. Following the transaction, the director directly owned 10,102 shares in the company, valued at approximately $1,291,338.66. This represents a 1.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

UMB Financial Stock Down 0.1%

UMB Financial stock traded down $0.09 during trading hours on Tuesday, reaching $127.96. The stock had a trading volume of 664,515 shares, compared to its average volume of 540,437. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.00 and a beta of 0.79. The business’s 50 day moving average price is $119.41 and its 200-day moving average price is $116.16. UMB Financial Corporation has a 52 week low of $82.00 and a 52 week high of $131.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.37. UMB Financial had a net margin of 16.90% and a return on equity of 12.14%. The company had revenue of $469.80 million during the quarter, compared to the consensus estimate of $677.30 million. During the same period last year, the firm earned $2.49 earnings per share. UMB Financial’s revenue was up 66.0% compared to the same quarter last year. Sell-side analysts anticipate that UMB Financial Corporation will post 9.66 EPS for the current year.

UMB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.3%. UMB Financial’s payout ratio is 18.84%.

Hedge Funds Weigh In On UMB Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in UMB Financial by 219.2% in the third quarter. Farther Finance Advisors LLC now owns 249 shares of the bank’s stock valued at $29,000 after purchasing an additional 171 shares during the period. Torren Management LLC purchased a new position in shares of UMB Financial during the 4th quarter valued at approximately $37,000. EverSource Wealth Advisors LLC grew its stake in UMB Financial by 193.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 405 shares of the bank’s stock valued at $43,000 after acquiring an additional 267 shares during the period. Bessemer Group Inc. grew its stake in UMB Financial by 72.8% in the 3rd quarter. Bessemer Group Inc. now owns 420 shares of the bank’s stock valued at $50,000 after acquiring an additional 177 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in UMB Financial by 88.1% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 425 shares of the bank’s stock worth $50,000 after acquiring an additional 199 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UMBF shares. Hovde Group began coverage on UMB Financial in a report on Monday, October 6th. They set an “outperform” rating for the company. Keefe, Bruyette & Woods lifted their price objective on shares of UMB Financial from $133.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Citigroup increased their price objective on shares of UMB Financial from $120.00 to $138.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Barclays restated an “overweight” rating and set a $160.00 target price on shares of UMB Financial in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada set a $134.00 price target on UMB Financial and gave the stock an “outperform” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.00.

About UMB Financial

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.