UMB Financial Co. (NASDAQ:UMBF) Director Tamara Peterman Purchases 179 Shares

UMB Financial Co. (NASDAQ:UMBF) Director Tamara Peterman purchased 179 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $110.19 per share, for a total transaction of $19,724.01. Following the transaction, the director now owns 8,500 shares of the company’s stock, valued at $936,615. The trade was a 2.15 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

UMB Financial Price Performance

Shares of NASDAQ:UMBF opened at $104.49 on Thursday. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 11.62 and a beta of 0.82. UMB Financial Co. has a 1 year low of $76.00 and a 1 year high of $129.94. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.11. The business has a fifty day simple moving average of $113.88 and a 200 day simple moving average of $112.40.

UMB Financial (NASDAQ:UMBF) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.25 by $0.24. UMB Financial had a return on equity of 13.73% and a net margin of 15.76%. During the same quarter in the prior year, the firm posted $2.29 earnings per share. As a group, sell-side analysts predict that UMB Financial Co. will post 9.66 earnings per share for the current fiscal year.

UMB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.53%. The ex-dividend date is Monday, March 10th. UMB Financial’s payout ratio is presently 17.80%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UMBF shares. StockNews.com upgraded UMB Financial from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Morgan Stanley started coverage on UMB Financial in a research note on Thursday, November 21st. They issued an “overweight” rating and a $156.00 price target on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $128.00 price objective on shares of UMB Financial in a research note on Thursday, January 30th. Citigroup restated a “neutral” rating and issued a $127.00 price target (down previously from $130.00) on shares of UMB Financial in a research report on Monday, February 3rd. Finally, Barclays lifted their price objective on shares of UMB Financial from $123.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.

Institutional Trading of UMB Financial

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in shares of UMB Financial by 403.7% in the 3rd quarter. Principal Financial Group Inc. now owns 866,848 shares of the bank’s stock valued at $91,114,000 after purchasing an additional 694,751 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in UMB Financial during the third quarter valued at about $48,531,000. Freestone Grove Partners LP acquired a new stake in shares of UMB Financial in the fourth quarter worth about $48,235,000. Captrust Financial Advisors boosted its stake in shares of UMB Financial by 258.0% during the 3rd quarter. Captrust Financial Advisors now owns 392,397 shares of the bank’s stock worth $41,245,000 after acquiring an additional 282,783 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in shares of UMB Financial by 438.8% during the 3rd quarter. Systematic Financial Management LP now owns 320,550 shares of the bank’s stock worth $33,693,000 after acquiring an additional 261,055 shares in the last quarter. 87.78% of the stock is owned by institutional investors.

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.