Key Points
- UMB Financial director Tamara Peterman bought 201 shares at an average price of $137.02, spending about $27,541; the purchase increased her stake by 1.87% to 10,922 shares.
- The bank beat quarterly earnings expectations, reporting $3.56 per share versus a $3.22 consensus and revenue of $772.39 million, up 13.9% year over year.
- Analysts’ average rating is “Moderate Buy,” with an average price target of $161.64. UMB Financial also announced a quarterly dividend of $0.50 per share, equivalent to a 1.4% annual yield.
UMB Financial Corporation (NASDAQ:UMBF - Get Free Report) Director Tamara Peterman purchased 201 shares of UMB Financial stock in a transaction dated Monday, November 2nd. The shares were purchased at an average cost of $137.02 per share, with a total value of $27,541.02. Following the acquisition, the director owned 10,922 shares of the company's stock, valued at approximately $1,496,532.44. This trade represents a 1.87% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Tamara Peterman also recently made the following trade(s):
- On Tuesday, September 1st, Tamara Peterman purchased 394 shares of UMB Financial stock. The shares were purchased at an average price of $139.60 per share, with a total value of $55,002.40.
UMB Financial Stock Up 1.8%
UMBF stock opened at $138.51 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.04. UMB Financial Corporation has a fifty-two week low of $68.92 and a fifty-two week high of $144.36. The firm's 50-day simple moving average is $135.30 and its 200 day simple moving average is $131.45. The stock has a market cap of $10.52 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.62 and a beta of 0.84.
UMB Financial (NASDAQ:UMBF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The bank reported $3.56 EPS for the quarter, beating the consensus estimate of $3.22 by $0.34. The company had revenue of $772.39 million for the quarter, compared to analyst estimates of $744.81 million. UMB Financial had a net margin of 23.45% and a return on equity of 14.07%. UMB Financial's revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.70 earnings per share. As a group, sell-side analysts predict that UMB Financial Corporation will post 13.79 EPS for the current year.
UMB Financial Dividend Announcement
The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, December 10th. UMB Financial's dividend payout ratio is 15.14%.
Hedge Funds Weigh In On UMB Financial
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UMBF. Abel Hall LLC increased its position in shares of UMB Financial by 2.4% during the 3rd quarter. Abel Hall LLC now owns 3,568 shares of the bank's stock valued at $464,000 after purchasing an additional 82 shares during the period. Friday Financial raised its stake in shares of UMB Financial by 0.3% in the 3rd quarter. Friday Financial now owns 27,532 shares of the bank's stock worth $3,573,000 after buying an additional 87 shares in the last quarter. Greenleaf Trust raised its stake in shares of UMB Financial by 4.7% in the 2nd quarter. Greenleaf Trust now owns 2,506 shares of the bank's stock worth $358,000 after buying an additional 113 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of UMB Financial by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 7,272 shares of the bank's stock valued at $820,000 after buying an additional 125 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of UMB Financial by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 14,909 shares of the bank's stock valued at $1,938,000 after buying an additional 149 shares during the period. 87.78% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts recently commented on UMBF shares. Keefe, Bruyette & Woods raised their target price on UMB Financial from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Raymond James Financial began coverage on UMB Financial in a research report on Thursday, August 27th. They set an "outperform" rating and a $165.00 price target for the company. TD Cowen boosted their price target on UMB Financial from $152.00 to $154.00 and gave the stock a "buy" rating in a research report on Thursday, October 29th. Barclays increased their price target on UMB Financial from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Citigroup lowered their price target on UMB Financial from $162.00 to $145.00 and set a "neutral" rating on the stock in a report on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $161.64.
View Our Latest Stock Report on UMB Financial
About UMB Financial
(
Get Free Report)
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.
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