Insider Buying: UMB Financial Corp (NASDAQ:UMBF) Director Acquires 276 Shares of Stock

UMB Financial Corp (NASDAQ:UMBF) Director Greg M. Graves purchased 276 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was bought at an average price of $76.06 per share, for a total transaction of $20,992.56. Following the purchase, the director now owns 19,940 shares in the company, valued at $1,516,636.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of UMB Financial Corp (NASDAQ UMBF) traded up $1.76 during midday trading on Thursday, hitting $76.15. 166,300 shares of the stock traded hands, compared to its average volume of 268,626. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $3,709.63, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.47 and a beta of 0.87. UMB Financial Corp has a 52-week low of $62.27 and a 52-week high of $81.55.

UMB Financial (NASDAQ:UMBF) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.02. The firm had revenue of $252.38 million for the quarter, compared to analysts’ expectations of $254.98 million. UMB Financial had a net margin of 23.35% and a return on equity of 9.05%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 EPS. equities analysts forecast that UMB Financial Corp will post 4.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.52%. This is a boost from UMB Financial’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, March 8th. UMB Financial’s dividend payout ratio is currently 22.13%.

UMBF has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of UMB Financial from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research note on Friday, January 12th. Piper Jaffray Companies boosted their price target on shares of UMB Financial from $78.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd. BidaskClub cut shares of UMB Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Wells Fargo & Co boosted their price target on shares of UMB Financial from $71.00 to $75.00 and gave the stock a “market perform” rating in a research note on Thursday, January 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $77.83.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of UMB Financial by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,868 shares of the bank’s stock valued at $814,000 after buying an additional 33 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in UMB Financial by 6.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,019 shares of the bank’s stock valued at $152,000 after purchasing an additional 129 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in UMB Financial by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,006 shares of the bank’s stock valued at $1,273,000 after purchasing an additional 207 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in UMB Financial by 7.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 8,890 shares of the bank’s stock valued at $666,000 after purchasing an additional 610 shares during the last quarter. Finally, Tyers Asset Management LLC grew its holdings in UMB Financial by 31.3% during the 4th quarter. Tyers Asset Management LLC now owns 3,088 shares of the bank’s stock valued at $222,000 after purchasing an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 82.88% of the company’s stock.

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About UMB Financial

UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company’s segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company’s branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts.

Insider Buying and Selling by Quarter for UMB Financial (NASDAQ:UMBF)

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