UMB Financial Co. (NASDAQ:UMBF) Director Greg M. Graves Purchases 258 Shares

UMB Financial Co. (NASDAQ:UMBF) Director Greg M. Graves acquired 258 shares of the business’s stock in a transaction on Friday, November 1st. The stock was acquired at an average price of $109.29 per share, with a total value of $28,196.82. Following the transaction, the director now directly owns 36,244 shares of the company’s stock, valued at $3,961,106.76. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

UMB Financial Price Performance

UMBF stock opened at $111.04 on Wednesday. The stock’s 50 day moving average price is $105.41 and its 200 day moving average price is $93.71. The firm has a market cap of $5.42 billion, a P/E ratio of 13.88 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.76 and a current ratio of 0.76. UMB Financial Co. has a 1 year low of $65.48 and a 1 year high of $113.56.

UMB Financial (NASDAQ:UMBF) last issued its quarterly earnings data on Tuesday, October 29th. The bank reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.05. The business had revenue of $716.44 million for the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a return on equity of 13.80% and a net margin of 14.44%. During the same period in the prior year, the business earned $2.02 earnings per share. On average, sell-side analysts expect that UMB Financial Co. will post 9.33 earnings per share for the current fiscal year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Tuesday, December 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s payout ratio is currently 19.50%.

Institutional Trading of UMB Financial

A number of hedge funds have recently bought and sold shares of UMBF. V Square Quantitative Management LLC acquired a new position in UMB Financial in the 3rd quarter valued at $26,000. Covestor Ltd lifted its position in UMB Financial by 31.0% during the third quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after buying an additional 102 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in UMB Financial in the 2nd quarter worth about $128,000. CWM LLC boosted its stake in UMB Financial by 7.1% in the 2nd quarter. CWM LLC now owns 1,941 shares of the bank’s stock worth $162,000 after buying an additional 129 shares during the last quarter. Finally, Heritage Family Offices LLP purchased a new stake in UMB Financial in the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on UMBF shares. Barclays increased their price target on shares of UMB Financial from $118.00 to $123.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Citigroup initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price target for the company. Piper Sandler upped their price target on UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company boosted their target price on UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, UMB Financial currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

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.