Greg M. Graves Buys 258 Shares of UMB Financial Co. (NASDAQ:UMBF) Stock

UMB Financial Co. (NASDAQ:UMBF) Director Greg M. Graves acquired 258 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $109.29 per share, for a total transaction of $28,196.82. Following the acquisition, the director now owns 36,244 shares in the company, valued at approximately $3,961,106.76. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

UMB Financial Stock Up 13.2 %

UMBF stock opened at $125.68 on Thursday. The company has a fifty day moving average price of $105.88 and a 200 day moving average price of $93.94. UMB Financial Co. has a 12 month low of $65.48 and a 12 month high of $125.98. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 15.71 and a beta of 0.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.76 and a quick ratio of 0.76.

UMB Financial (NASDAQ:UMBF) last released its quarterly earnings results on Tuesday, October 29th. The bank reported $2.25 EPS for the quarter, beating the consensus estimate of $2.20 by $0.05. The firm had revenue of $716.44 million during the quarter, compared to the consensus estimate of $398.83 million. UMB Financial had a net margin of 14.44% and a return on equity of 13.80%. During the same quarter in the prior year, the firm earned $2.02 EPS. Sell-side analysts expect that UMB Financial Co. will post 9.33 earnings per share for the current year.

UMB Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. This is an increase from UMB Financial’s previous quarterly dividend of $0.39. UMB Financial’s dividend payout ratio is presently 19.50%.

Hedge Funds Weigh In On UMB Financial

A number of large investors have recently bought and sold shares of the company. Natixis Advisors LLC raised its position in UMB Financial by 51.2% during the 3rd quarter. Natixis Advisors LLC now owns 28,935 shares of the bank’s stock worth $3,041,000 after buying an additional 9,803 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in UMB Financial during the 3rd quarter worth $831,000. Paragon Capital Management LLC raised its position in UMB Financial by 17.4% during the 3rd quarter. Paragon Capital Management LLC now owns 15,803 shares of the bank’s stock worth $1,661,000 after buying an additional 2,340 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of UMB Financial during the 3rd quarter worth $362,000. Finally, Covestor Ltd grew its stake in shares of UMB Financial by 31.0% during the 3rd quarter. Covestor Ltd now owns 431 shares of the bank’s stock worth $45,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 87.78% of the company’s stock.

Wall Street Analyst Weigh In

UMBF has been the subject of several recent analyst reports. Piper Sandler boosted their price objective on shares of UMB Financial from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Barclays boosted their price objective on shares of UMB Financial from $118.00 to $123.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Citigroup initiated coverage on shares of UMB Financial in a research report on Thursday, October 10th. They set a “buy” rating and a $127.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of UMB Financial from $107.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

About UMB Financial

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.