Key Points
- Director Tamara Peterman bought 154 shares at an average price of $127.83 for $19,685.82, raising her stake to 10,102 shares (a 1.55% increase) — the purchase was disclosed in an SEC Form 4 filing.
- CEO J. Mariner Kemper sold roughly $2.4M of stock (15,214 and 3,500-share blocks), a sizable insider sale that could weigh on market sentiment despite other small insider buys.
- UMBF recently beat EPS estimates ($3.08 vs. $2.71) with revenue up 66% year-over-year, pays a $0.43 quarterly dividend (1.3% yield), and carries a consensus analyst rating of "Moderate Buy" with an average target of $141.00.
UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) Director Tamara Peterman purchased 154 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average cost of $127.83 per share, with a total value of $19,685.82. Following the completion of the transaction, the director directly owned 10,102 shares of the company's stock, valued at $1,291,338.66. The trade was a 1.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
UMB Financial Stock Down 0.1%
UMBF stock opened at $127.96 on Wednesday. The stock has a market cap of $9.72 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.01 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. The stock's fifty day simple moving average is $119.41 and its two-hundred day simple moving average is $116.16. UMB Financial Corporation has a 1-year low of $82.00 and a 1-year high of $131.60.
UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its earnings results on Tuesday, January 27th. The bank reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.37. The firm had revenue of $469.80 million during the quarter, compared to analyst estimates of $677.30 million. UMB Financial had a return on equity of 12.14% and a net margin of 16.90%.The business's revenue was up 66.0% compared to the same quarter last year. During the same period last year, the firm posted $2.49 EPS. Analysts expect 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. Shareholders of record on Tuesday, March 10th will be given a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $1.72 annualized dividend and a yield of 1.3%. UMB Financial's payout ratio is currently 18.84%.
Key UMB Financial News
Here are the key news stories impacting UMB Financial this week:
- Positive Sentiment: Director Tamara Peterman bought 154 shares at ~$127.83, a small insider purchase that signals some confidence from management-level insiders. Tamara Peterman Form 4
- Positive Sentiment: Director Greg M. Graves acquired 220 shares at ~$127.83, another modest insider buy that slightly offsets selling pressure. Greg M. Graves Form 4
- Neutral Sentiment: Director Kevin Charles Gallagher sold 388 shares at an average of $129.30 (~$50k total); a small reduction in ownership that is unlikely to move the needle materially. Kevin C. Gallagher Form 4
- Negative Sentiment: CEO J. Mariner Kemper sold substantial blocks (15,214 shares at ~$128.59 and 3,500 shares at ~$129.06) totaling roughly $2.4M. While Kemper retains a large position, these notable sales can be interpreted negatively by the market and likely contributed to downward pressure on the stock. J. Mariner Kemper Form 4
Institutional Trading of UMB Financial
A number of institutional investors have recently added to or reduced their stakes in the stock. Steele Capital Management Inc. purchased a new position in UMB Financial during the 3rd quarter valued at about $1,468,000. Strs Ohio boosted its position in shares of UMB Financial by 10.7% in the third quarter. Strs Ohio now owns 119,700 shares of the bank's stock valued at $14,166,000 after acquiring an additional 11,600 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in UMB Financial by 86.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,288 shares of the bank's stock valued at $1,082,000 after acquiring an additional 4,756 shares in the last quarter. First Trust Advisors LP increased its holdings in UMB Financial by 43.0% during the 2nd quarter. First Trust Advisors LP now owns 402,629 shares of the bank's stock worth $42,340,000 after acquiring an additional 121,043 shares during the period. Finally, Tributary Capital Management LLC lifted its stake in UMB Financial by 82.9% in the 3rd quarter. Tributary Capital Management LLC now owns 277,754 shares of the bank's stock worth $32,872,000 after purchasing an additional 125,924 shares in the last quarter. Hedge funds and other institutional investors own 87.78% of the company's stock.
Analysts Set New Price Targets
UMBF has been the topic of a number of research reports. Royal Bank Of Canada set a $134.00 price target on shares of UMB Financial and gave the stock an "outperform" rating in a report on Monday, January 12th. Weiss Ratings downgraded UMB Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, January 12th. Keefe, Bruyette & Woods upped their price target on UMB Financial from $133.00 to $141.00 and gave the company an "outperform" rating in a research report on Thursday, January 29th. Raymond James Financial reiterated a "strong-buy" rating and set a $145.00 price target on shares of UMB Financial in a research note on Thursday, January 29th. Finally, Piper Sandler boosted their price objective on UMB Financial from $145.00 to $152.00 and gave the company an "overweight" rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $141.00.
Read Our Latest Research Report on UMBF
UMB Financial Company Profile
(
Get Free Report)
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.
Further Reading
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