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

UMB Financial Corporation (NASDAQ:UMBF) Director Greg Graves purchased 292 shares of the stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of $137.02 per share, with a total value of $40,009.84. Following the acquisition, the director owned 40,893 shares in the company, valued at approximately $5,603,158.86. The trade was a 0.72% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

UMB Financial Trading Down 2.8%

NASDAQ:UMBF opened at $134.70 on Friday. The firm’s fifty day moving average is $135.13 and its 200-day moving average is $131.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Corporation has a 52 week low of $68.92 and a 52 week high of $144.36. The firm has a market cap of $10.23 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.63 and a beta of 0.84.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, October 27th. The bank reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.34. UMB Financial had a net margin of 23.45% and a return on equity of 14.07%. The business had revenue of $772.39 million during the quarter, compared to the consensus estimate of $744.81 million. During the same quarter last year, the firm earned $2.70 earnings per share. UMB Financial’s quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts expect that UMB Financial Corporation will post 13.79 earnings per share for the current year.

UMB Financial Announces Dividend

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 $0.50 dividend. The ex-dividend date is Thursday, December 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.5%. UMB Financial’s payout ratio is currently 15.14%.

Hedge Funds Weigh In On UMB Financial

Several institutional investors have recently modified their holdings of UMBF. King Luther Capital Management Corp raised its stake in UMB Financial by 6.3% in the third quarter. King Luther Capital Management Corp now owns 22,431 shares of the bank’s stock worth $2,916,000 after buying an additional 1,338 shares in the last quarter. Ritholtz Wealth Management boosted its position in UMB Financial by 15.7% during the 3rd quarter. Ritholtz Wealth Management now owns 2,439 shares of the bank’s stock valued at $317,000 after acquiring an additional 331 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in UMB Financial during the 3rd quarter valued at $936,000. Retirement Systems of Alabama boosted its position 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 acquiring an additional 555 shares in the last quarter. Finally, Ethic Inc. increased its holdings in shares of UMB Financial by 28.9% in the 3rd quarter. Ethic Inc. now owns 3,561 shares of the bank’s stock valued at $463,000 after acquiring an additional 798 shares during the period. 87.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on UMBF. Morgan Stanley decreased their price objective on UMB Financial from $190.00 to $182.00 and set an “overweight” rating for the company in a report on Monday, September 28th. Piper Sandler cut their target price on UMB Financial from $181.00 to $169.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. Stephens assumed coverage on shares of UMB Financial in a research report on Tuesday, July 14th. They issued an “overweight” rating and a $167.00 price target for the company. Raymond James Financial started coverage on shares of UMB Financial in a research note on Thursday, August 27th. They set an “outperform” rating and a $165.00 price target for the company. Finally, Truist Financial decreased their price target on shares of UMB Financial from $170.00 to $156.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.