UMB Financial Corp (NASDAQ:UMBF) Director Greg M. Graves purchased 350 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were acquired at an average cost of $64.23 per share, for a total transaction of $22,480.50. Following the completion of the transaction, the director now directly owns 21,091 shares in the company, valued at $1,354,674.93. The purchase was disclosed in a filing with the SEC, which is available through this link.
Shares of UMBF stock traded up $0.14 on Friday, reaching $64.62. The stock had a trading volume of 174,184 shares, compared to its average volume of 328,762. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.74 and a beta of 0.89. UMB Financial Corp has a 12 month low of $57.00 and a 12 month high of $82.14.
UMB Financial (NASDAQ:UMBF) last issued its earnings results on Tuesday, October 23rd. The bank reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.04. The company had revenue of $251.38 million for the quarter, compared to analysts’ expectations of $260.02 million. UMB Financial had a net margin of 25.52% and a return on equity of 10.22%. UMB Financial’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. Sell-side analysts predict that UMB Financial Corp will post 4.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 10th will be paid a $0.30 dividend. The ex-dividend date is Friday, December 7th. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. This is a positive change from UMB Financial’s previous quarterly dividend of $0.29. UMB Financial’s dividend payout ratio is 30.93%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Kornitzer Capital Management Inc. KS acquired a new position in UMB Financial in the 2nd quarter valued at about $200,000. NJ State Employees Deferred Compensation Plan acquired a new position in UMB Financial in the 3rd quarter valued at about $213,000. Nomura Holdings Inc. acquired a new position in UMB Financial in the 2nd quarter valued at about $226,000. Royal Bank of Canada grew its stake in UMB Financial by 35.3% in the 1st quarter. Royal Bank of Canada now owns 4,299 shares of the bank’s stock valued at $312,000 after buying an additional 1,121 shares during the last quarter. Finally, Investment House LLC grew its stake in UMB Financial by 25.0% in the 2nd quarter. Investment House LLC now owns 5,547 shares of the bank’s stock valued at $423,000 after buying an additional 1,108 shares during the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.
A number of equities research analysts have recently issued reports on UMBF shares. Zacks Investment Research raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. BidaskClub raised shares of UMB Financial from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Wells Fargo & Co set a $70.00 target price on shares of UMB Financial and gave the company a “hold” rating in a report on Tuesday, October 2nd. ValuEngine cut shares of UMB Financial from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Finally, Raymond James set a $69.00 target price on shares of UMB Financial and gave the company a “buy” rating in a report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $77.00.
About UMB Financial
UMB Financial Corporation, a bank holding company, provides various banking and other financial services. It operates through two segments, Bank and Asset Servicing. The Bank segment offers a range of banking services to commercial, retail, government, and correspondent bank customers through its branches, call center, Internet banking, and ATM network.
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