UMB Financial (NASDAQ:UMBF) Director Tamara Peterman Purchases 201 Shares of Stock

UMB Financial Corporation (NASDAQ:UMBF) Director Tamara Peterman acquired 201 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of $137.02 per share, for a total transaction of $27,541.02. Following the acquisition, the director directly owned 10,922 shares in the company, valued at $1,496,532.44. This represents a 1.87% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Tamara Peterman also recently made the following trade(s):

• On Tuesday, September 1st, Tamara Peterman acquired 394 shares of UMB Financial stock. The stock was purchased at an average cost of $139.60 per share, with a total value of $55,002.40.

UMB Financial Stock Up 1.8%

Shares of UMB Financial stock opened at $138.51 on Thursday. The business has a 50-day moving average of $135.30 and a 200-day moving average of $131.45. 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 capitalization of $10.52 billion, a PE ratio of 10.49, a P/E/G ratio of 0.62 and a beta of 0.84. UMB Financial Corporation has a 1-year low of $68.92 and a 1-year high of $144.36.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 27th. The bank reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.34. UMB Financial had a return on equity of 14.07% and a net margin of 23.45%. The business had revenue of $772.39 million for the quarter, compared to analyst estimates of $744.81 million. During the same period in the previous year, the company earned $2.70 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities analysts forecast that UMB Financial Corporation will post 13.79 EPS for the current fiscal year.

UMB Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Thursday, December 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. UMB Financial’s dividend payout ratio is currently 15.14%.

Analyst Upgrades and Downgrades

UMBF has been the topic of several analyst reports. Barclays lifted their price objective on UMB Financial from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday. Stephens assumed coverage on UMB Financial in a research report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of UMB Financial in a research note on Thursday, October 22nd. UBS Group assumed coverage on shares of UMB Financial in a research report on Monday, September 14th. They set a “neutral” rating and a $155.00 price target for the company. Finally, TD Cowen raised their price target on shares of UMB Financial from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, UMB Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.64.

Hedge Funds Weigh In On UMB Financial

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of UMB Financial during the 2nd quarter worth approximately $1,458,386,000. Dimensional Fund Advisors LP lifted its holdings in shares of UMB Financial by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,909,932 shares of the bank’s stock worth $328,200,000 after purchasing an additional 55,005 shares during the last quarter. Bank of America Corp DE acquired a new position in UMB Financial during the 2nd quarter valued at approximately $129,153,000. First Trust Advisors LP boosted its position in UMB Financial by 12.0% during the 1st quarter. First Trust Advisors LP now owns 899,400 shares of the bank’s stock valued at $101,443,000 after purchasing an additional 96,149 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in UMB Financial during the 2nd quarter valued at approximately $78,410,000. 87.78% of the stock is owned by institutional investors.

UMB Financial Company Profile

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.